Meiji Yasuda Asset Management Co Ltd. Sells 4,706 Shares of Invitation Homes Inc. (NYSE:INVH)

Meiji Yasuda Asset Management Co Ltd. lessened its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 7.9% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 55,079 shares of the company’s stock after selling 4,706 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Invitation Homes were worth $1,977,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in INVH. Canada Pension Plan Investment Board boosted its holdings in shares of Invitation Homes by 27.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 15,686,912 shares of the company’s stock valued at $558,611,000 after purchasing an additional 3,351,424 shares during the last quarter. Goldman Sachs Group Inc. boosted its holdings in shares of Invitation Homes by 66.6% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock valued at $185,038,000 after purchasing an additional 2,169,522 shares during the last quarter. First Financial Bankshares Inc bought a new position in shares of Invitation Homes during the 4th quarter valued at about $45,104,000. Cohen & Steers Inc. boosted its holdings in shares of Invitation Homes by 1.3% during the 4th quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock valued at $2,746,208,000 after purchasing an additional 1,008,392 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Invitation Homes by 109.3% during the 1st quarter. BNP Paribas Financial Markets now owns 1,141,366 shares of the company’s stock valued at $40,644,000 after purchasing an additional 595,988 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have commented on INVH. Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and increased their price objective for the company from $37.00 to $38.00 in a report on Monday, August 26th. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and increased their price target for the company from $35.00 to $41.00 in a report on Wednesday, July 24th. Royal Bank of Canada downgraded shares of Invitation Homes from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $37.00 to $36.00 in a report on Monday, September 9th. UBS Group increased their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 16th. Finally, The Goldman Sachs Group began coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $39.10.

Invitation Homes Stock Performance

Invitation Homes stock opened at $36.04 on Friday. The company has a 50 day moving average price of $35.80 and a 200-day moving average price of $35.22. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20. Invitation Homes Inc. has a fifty-two week low of $28.49 and a fifty-two week high of $37.80. The company has a market capitalization of $22.08 billion, a PE ratio of 41.43, a P/E/G ratio of 4.50 and a beta of 1.01.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.34). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The company had revenue of $653.45 million for the quarter, compared to the consensus estimate of $654.70 million. As a group, equities analysts forecast that Invitation Homes Inc. will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 18th. Investors of record on Thursday, September 26th will be issued a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a yield of 3.11%. The ex-dividend date is Thursday, September 26th. Invitation Homes’s payout ratio is 128.74%.

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.