Nomura Asset Management Co. Ltd. Acquires 9,939 Shares of Invitation Homes Inc. (NYSE:INVH)

Nomura Asset Management Co. Ltd. lifted its stake in Invitation Homes Inc. (NYSE:INVH) by 1.2% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 815,457 shares of the company’s stock after purchasing an additional 9,939 shares during the period. Nomura Asset Management Co. Ltd. owned 0.13% of Invitation Homes worth $27,815,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of INVH. Norges Bank purchased a new position in Invitation Homes during the fourth quarter valued at approximately $1,346,883,000. Boston Partners bought a new position in Invitation Homes in the 4th quarter worth $105,282,000. Morgan Stanley increased its stake in Invitation Homes by 19.5% in the 3rd quarter. Morgan Stanley now owns 8,993,919 shares of the company’s stock worth $285,017,000 after buying an additional 1,466,330 shares in the last quarter. Canada Pension Plan Investment Board increased its stake in Invitation Homes by 9.6% in the 3rd quarter. Canada Pension Plan Investment Board now owns 12,335,488 shares of the company’s stock worth $390,912,000 after buying an additional 1,080,000 shares in the last quarter. Finally, Barclays PLC raised its holdings in Invitation Homes by 79.6% during the third quarter. Barclays PLC now owns 1,996,051 shares of the company’s stock valued at $63,259,000 after acquiring an additional 884,702 shares during the period. 96.79% of the stock is owned by institutional investors.

Invitation Homes Trading Down 0.1 %

NYSE:INVH traded down $0.04 during midday trading on Friday, hitting $34.48. 1,216,239 shares of the company traded hands, compared to its average volume of 3,157,996. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.53. The firm’s fifty day moving average is $34.63 and its 200-day moving average is $33.94. The firm has a market capitalization of $21.12 billion, a P/E ratio of 39.63, a P/E/G ratio of 2.11 and a beta of 0.95. Invitation Homes Inc. has a 12-month low of $28.49 and a 12-month high of $36.53.

Invitation Homes (NYSE:INVH) last announced its earnings results on Tuesday, April 30th. The company reported $0.23 earnings per share for the quarter, missing the consensus estimate of $0.45 by ($0.22). The firm had revenue of $646.04 million during the quarter, compared to analysts’ expectations of $630.97 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. On average, sell-side analysts predict that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were paid a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.25%. The ex-dividend date was Wednesday, March 27th. Invitation Homes’s payout ratio is currently 128.74%.

Insider Buying and Selling at Invitation Homes

In other news, CFO Jonathan S. Olsen sold 10,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the sale, the chief financial officer now directly owns 37,037 shares in the company, valued at $1,287,035.75. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Jonathan S. Olsen sold 10,000 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the completion of the sale, the chief financial officer now directly owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Charles D. Young sold 5,000 shares of the company’s stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total transaction of $174,250.00. Following the completion of the transaction, the chief operating officer now owns 275,296 shares in the company, valued at $9,594,065.60. The disclosure for this sale can be found here. Company insiders own 0.28% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on INVH. Citigroup reiterated a “neutral” rating and set a $39.00 target price on shares of Invitation Homes in a research report on Friday, March 22nd. JMP Securities reiterated a “market outperform” rating and set a $40.00 price objective on shares of Invitation Homes in a research report on Thursday, March 7th. Keefe, Bruyette & Woods upped their target price on shares of Invitation Homes from $37.00 to $38.00 and gave the stock a “market perform” rating in a research report on Monday, May 13th. Evercore ISI reaffirmed an “in-line” rating and set a $36.00 target price on shares of Invitation Homes in a research note on Monday, March 18th. Finally, Scotiabank boosted their price target on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a research note on Thursday, May 16th. Seven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.24.

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.