Meiji Yasuda Life Insurance Co Reduces Stake in Invitation Homes Inc. (NYSE:INVH)

Meiji Yasuda Life Insurance Co lessened its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 11.4% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 30,085 shares of the company’s stock after selling 3,886 shares during the quarter. Meiji Yasuda Life Insurance Co’s holdings in Invitation Homes were worth $1,080,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cohen & Steers Inc. increased its holdings in Invitation Homes by 1.3% during the 4th quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock worth $2,746,208,000 after acquiring an additional 1,008,392 shares during the period. Canada Pension Plan Investment Board grew its position 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 in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Invitation Homes by 2.0% in the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock worth $315,671,000 after purchasing an additional 170,374 shares during the period. Centersquare Investment Management LLC raised its position in shares of Invitation Homes by 4.7% in the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock worth $292,485,000 after buying an additional 384,564 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its stake in Invitation Homes by 66.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock valued at $185,038,000 after buying an additional 2,169,522 shares during the period. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Stock Performance

NYSE:INVH opened at $35.86 on Thursday. 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 firm has a market cap of $21.97 billion, a PE ratio of 41.22, a price-to-earnings-growth ratio of 4.50 and a beta of 1.01. The business has a 50 day moving average price of $35.79 and a 200-day moving average price of $35.22.

Invitation Homes (NYSE:INVH) last announced 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 firm had revenue of $653.45 million for the quarter, compared to analysts’ expectations of $654.70 million. Equities 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 declared 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. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.12%. Invitation Homes’s dividend payout ratio is presently 128.74%.

Analysts Set New Price Targets

A number of equities analysts have weighed in on INVH shares. UBS Group upped their target price on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Royal Bank of Canada downgraded shares of Invitation Homes from an “outperform” rating to a “sector perform” rating and lowered their target price for the company from $37.00 to $36.00 in a research note on Monday, September 9th. Keefe, Bruyette & Woods cut their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research note on Tuesday, July 30th. Scotiabank lowered their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Tuesday, September 10th. Finally, Mizuho dropped their price objective on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, June 3rd. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $39.10.

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.