Mitsubishi UFJ Asset Management Co. Ltd. Purchases New Shares in Invitation Home $INVH

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Invitation Home (NYSE:INVH) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,771,512 shares of the company’s stock, valued at approximately $53,517,000. Mitsubishi UFJ Asset Management Co. Ltd. owned 0.30% of Invitation Home at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of Invitation Home in the fourth quarter valued at about $1,438,952,000. Rush Island Management LP purchased a new position in shares of Invitation Home during the first quarter worth about $105,292,000. Bank of New York Mellon Corp acquired a new position in Invitation Home in the 2nd quarter valued at about $89,182,000. UBS Group AG increased its position in Invitation Home by 101.4% in the 3rd quarter. UBS Group AG now owns 4,976,669 shares of the company’s stock valued at $145,966,000 after acquiring an additional 2,505,909 shares during the period. Finally, Amundi raised its stake in Invitation Home by 169.0% during the 3rd quarter. Amundi now owns 3,296,876 shares of the company’s stock valued at $93,038,000 after acquiring an additional 2,071,407 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Invitation Home Stock Up 1.6%

INVH opened at $30.19 on Thursday. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02. Invitation Home has a 12 month low of $24.25 and a 12 month high of $31.38. The stock has a market capitalization of $17.83 billion, a P/E ratio of 27.69, a P/E/G ratio of 4.25 and a beta of 0.83. The business has a 50 day simple moving average of $29.83 and a 200-day simple moving average of $27.97.

Invitation Home (NYSE:INVH) last announced its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.34. Invitation Home had a return on equity of 7.22% and a net margin of 23.13%.The firm had revenue of $747.55 million for the quarter, compared to analyst estimates of $731.13 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. Invitation Home’s quarterly revenue was up 9.7% on a year-over-year basis. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. On average, equities analysts anticipate that Invitation Home will post 1.89 earnings per share for the current fiscal year.

Invitation Home Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, July 17th. Stockholders of record on Thursday, June 25th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.0%. Invitation Home’s dividend payout ratio is 110.09%.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Compass Point upgraded Invitation Home to a “hold” rating in a research note on Thursday, July 9th. Jefferies Financial Group upgraded Invitation Home to a “hold” rating in a research note on Wednesday, July 22nd. Citigroup reaffirmed a “buy” rating on shares of Invitation Home in a report on Thursday, August 6th. Keefe, Bruyette & Woods lifted their price objective on shares of Invitation Home from $29.00 to $31.00 and gave the company a “market perform” rating in a research report on Wednesday, August 5th. Finally, Weiss Ratings raised shares of Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a research note on Monday, June 1st. Ten research analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $32.68.

About Invitation Home

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.