Nomura Asset Management Co. Ltd. Buys 35,214 Shares of Invitation Homes Inc. (NYSE:INVH)

Nomura Asset Management Co. Ltd. increased its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 3.9% in the fourth quarter, HoldingsChannel reports. The firm owned 932,807 shares of the company’s stock after buying an additional 35,214 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Invitation Homes were worth $29,822,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Lindbrook Capital LLC increased its position in shares of Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after purchasing an additional 329 shares in the last quarter. SRS Capital Advisors Inc. increased its position in Invitation Homes by 654.8% during the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after buying an additional 825 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after buying an additional 378 shares during the last quarter. Allworth Financial LP boosted its holdings in Invitation Homes by 101.2% in the fourth quarter. Allworth Financial LP now owns 1,396 shares of the company’s stock worth $43,000 after acquiring an additional 702 shares in the last quarter. Finally, Center for Financial Planning Inc. purchased a new stake in shares of Invitation Homes during the fourth quarter worth about $48,000. Institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

INVH has been the subject of a number of recent analyst reports. Morgan Stanley cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their target price for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Barclays reissued an “overweight” rating and set a $37.00 price objective (up from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. JMP Securities restated a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a research note on Thursday, December 12th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and dropped their price target for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Finally, Keefe, Bruyette & Woods raised their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 5th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $37.47.

Invitation Homes Stock Performance

Shares of NYSE INVH opened at $34.48 on Friday. Invitation Homes Inc. has a 1 year low of $30.13 and a 1 year high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company’s fifty day moving average price is $32.51 and its 200 day moving average price is $33.12. The company has a market capitalization of $21.12 billion, a PE ratio of 48.56, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH) last posted its earnings results on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.47. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The business had revenue of $659.13 million for the quarter, compared to analyst estimates of $658.71 million. On average, research analysts predict that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Thursday, March 27th. Invitation Homes’s payout ratio is 158.90%.

Invitation Homes Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.