Meiji Yasuda Asset Management Co Ltd. Sells 600 Shares of Invitation Homes Inc. (NYSE:INVH)

Meiji Yasuda Asset Management Co Ltd. lessened its stake in Invitation Homes Inc. (NYSE:INVH) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 24,005 shares of the company’s stock after selling 600 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Invitation Homes were worth $767,000 as of its most recent SEC filing.

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

Invitation Homes Trading Down 0.5 %

Shares of Invitation Homes stock opened at $34.20 on Friday. The company has a market capitalization of $20.95 billion, a P/E ratio of 48.17, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. The stock has a fifty day simple moving average of $32.45 and a 200 day simple moving average of $33.15. Invitation Homes Inc. has a 12-month low of $30.13 and a 12-month high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

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 firm had revenue of $659.13 million during the quarter, compared to analyst estimates of $658.71 million. On average, sell-side analysts anticipate that Invitation Homes Inc. will post 1.83 earnings per share for the current fiscal year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, April 17th. Shareholders of record on Monday, March 17th will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, March 27th. This represents a $1.16 annualized dividend and a dividend yield of 3.39%. Invitation Homes’s dividend payout ratio is currently 158.90%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Keefe, Bruyette & Woods lifted their target price on Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a report on Wednesday, March 5th. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Finally, Barclays reaffirmed an “overweight” rating and issued a $37.00 target price (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Nine analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $37.56.

Invitation Homes Company 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.