Tokio Marine Asset Management Co. Ltd. Purchases 1,300 Shares of Invitation Homes Inc. (NYSE:INVH)

Tokio Marine Asset Management Co. Ltd. increased its position in Invitation Homes Inc. (NYSE:INVH) by 7.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 19,384 shares of the company’s stock after purchasing an additional 1,300 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Invitation Homes were worth $683,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in shares of Invitation Homes in the 1st quarter valued at approximately $2,635,000. National Bank of Canada FI grew its position in Invitation Homes by 321.5% in the first quarter. National Bank of Canada FI now owns 566,025 shares of the company’s stock valued at $19,686,000 after acquiring an additional 431,735 shares during the period. Public Employees Retirement System of Ohio lifted its holdings in shares of Invitation Homes by 2.2% during the first quarter. Public Employees Retirement System of Ohio now owns 1,106,354 shares of the company’s stock valued at $39,397,000 after acquiring an additional 24,219 shares during the period. Bamco Inc. NY boosted its stake in shares of Invitation Homes by 7.5% in the 1st quarter. Bamco Inc. NY now owns 1,188,224 shares of the company’s stock valued at $42,313,000 after purchasing an additional 82,863 shares in the last quarter. Finally, Bank of Montreal Can grew its holdings in shares of Invitation Homes by 18.0% in the 2nd quarter. Bank of Montreal Can now owns 544,857 shares of the company’s stock worth $19,566,000 after purchasing an additional 83,142 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. The Goldman Sachs Group started coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target on the stock. Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and decreased their price target for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. Evercore ISI lifted their price objective on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Royal Bank of Canada lowered their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Finally, UBS Group boosted their price objective on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Eight investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

Invitation Homes Stock Performance

Shares of INVH stock opened at $33.79 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. Invitation Homes Inc. has a 52 week low of $31.01 and a 52 week high of $37.80. The company’s 50 day moving average price is $34.32 and its two-hundred day moving average price is $35.03. The company has a market capitalization of $20.70 billion, a P/E ratio of 47.59, a price-to-earnings-growth ratio of 5.16 and a beta of 1.02.

Invitation Homes Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were issued a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.31%. Invitation Homes’s payout ratio is 157.75%.

About Invitation Homes

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.