Daiwa Securities Group Inc. Buys 24,327 Shares of Invitation Homes Inc. (NYSE:INVH)

Daiwa Securities Group Inc. increased its stake in shares of Invitation Homes Inc. (NYSE:INVH) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 16,664,977 shares of the company’s stock after purchasing an additional 24,327 shares during the quarter. Invitation Homes comprises about 3.5% of Daiwa Securities Group Inc.’s portfolio, making the stock its 5th biggest position. Daiwa Securities Group Inc. owned 2.72% of Invitation Homes worth $568,442,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also modified their holdings of INVH. Cambridge Investment Research Advisors Inc. boosted its position in Invitation Homes by 16.1% in the 1st quarter. Cambridge Investment Research Advisors Inc. now owns 29,600 shares of the company’s stock valued at $1,189,000 after buying an additional 4,111 shares during the last quarter. Cetera Advisor Networks LLC bought a new position in Invitation Homes in the first quarter valued at about $373,000. MetLife Investment Management LLC acquired a new stake in Invitation Homes in the first quarter worth about $480,000. Yousif Capital Management LLC raised its holdings in Invitation Homes by 5.2% during the 1st quarter. Yousif Capital Management LLC now owns 36,134 shares of the company’s stock worth $1,452,000 after purchasing an additional 1,783 shares during the last quarter. Finally, Raymond James Trust N.A. acquired a new position in Invitation Homes during the 1st quarter valued at about $225,000. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Stock Up 0.1 %

Shares of NYSE INVH traded up $0.02 during mid-day trading on Wednesday, hitting $33.06. The company had a trading volume of 1,788,586 shares, compared to its average volume of 3,166,484. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. The firm has a 50-day simple moving average of $34.18 and a two-hundred day simple moving average of $33.33. The company has a market capitalization of $20.25 billion, a PE ratio of 39.34, a price-to-earnings-growth ratio of 1.98 and a beta of 0.94. Invitation Homes Inc. has a one year low of $28.49 and a one year high of $36.53.

Invitation Homes (NYSE:INVH) last issued its earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.23). Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. The firm had revenue of $624.32 million for the quarter, compared to analyst estimates of $623.51 million. On average, equities analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 19th. Investors of record on Thursday, March 28th will be issued a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.39%. The ex-dividend date of this dividend is Wednesday, March 27th. Invitation Homes’s payout ratio is presently 133.33%.

Insider Buying and Selling

In other news, CFO Jonathan S. Olsen sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, March 15th. The stock was 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 owns 37,037 shares in the company, valued at $1,287,035.75. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.28% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on INVH. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Invitation Homes in a research report on Thursday, February 15th. Jefferies Financial Group raised Invitation Homes from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $33.00 to $41.00 in a research note on Tuesday, January 2nd. Morgan Stanley dropped their price objective on Invitation Homes from $38.00 to $37.00 and set an “overweight” rating for the company in a report on Tuesday, December 26th. KeyCorp raised their target price on Invitation Homes from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, January 5th. Finally, Mizuho upped their target price on shares of Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a research note on Wednesday, March 20th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $38.19.

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.