Invitation Homes Inc. (NYSE:INVH) Shares Sold by Tokio Marine Asset Management Co. Ltd.

Tokio Marine Asset Management Co. Ltd. cut its holdings in Invitation Homes Inc. (NYSE:INVH) by 3.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,742 shares of the company’s stock after selling 642 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Invitation Homes were worth $599,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Orion Portfolio Solutions LLC purchased a new stake in shares of Invitation Homes in the third quarter valued at about $263,000. Swedbank AB boosted its holdings in shares of Invitation Homes by 25.1% in the third quarter. Swedbank AB now owns 574,855 shares of the company’s stock valued at $20,269,000 after acquiring an additional 115,211 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Invitation Homes in the third quarter valued at about $3,825,000. HighTower Advisors LLC boosted its holdings in shares of Invitation Homes by 696.9% in the third quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock valued at $2,508,000 after acquiring an additional 61,973 shares in the last quarter. Finally, B. Metzler seel. Sohn & Co. Holding AG purchased a new stake in shares of Invitation Homes in the third quarter valued at about $4,876,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on INVH shares. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Barclays decreased their price objective on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Royal Bank of Canada decreased their price objective on shares of Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Finally, Mizuho cut their target price on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Eleven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $37.47.

Invitation Homes Price Performance

INVH opened at $31.34 on Wednesday. The company has a market cap of $19.20 billion, a P/E ratio of 44.14, a P/E/G ratio of 4.55 and a beta of 1.04. The company has a 50 day moving average of $32.02 and a two-hundred day moving average of $33.84. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a 52-week low of $30.13 and a 52-week high of $37.80.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.70%. Invitation Homes’s dividend payout ratio is 163.38%.

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.