Tokio Marine Asset Management Co. Ltd. Has $683,000 Stock Holdings in Invitation Homes Inc. (NYSE:INVH)

Tokio Marine Asset Management Co. Ltd. raised its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 7.2% in the 3rd quarter, Holdings Channel.com reports. The fund owned 19,384 shares of the company’s stock after buying an additional 1,300 shares during the period. Tokio Marine Asset Management Co. Ltd.’s holdings in Invitation Homes were worth $683,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. Canada Pension Plan Investment Board boosted its stake in Invitation Homes by 0.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock valued at $567,597,000 after purchasing an additional 128,000 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Invitation Homes by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock valued at $315,671,000 after purchasing an additional 170,374 shares in the last quarter. PGGM Investments grew its stake in shares of Invitation Homes by 4.9% during the first quarter. PGGM Investments now owns 4,965,248 shares of the company’s stock worth $176,812,000 after buying an additional 232,012 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in Invitation Homes by 1.5% during the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 3,554,456 shares of the company’s stock worth $125,330,000 after acquiring an additional 50,881 shares during the last quarter. Finally, Boston Partners increased its position in Invitation Homes by 4.3% in the 1st quarter. Boston Partners now owns 3,218,905 shares of the company’s stock valued at $114,617,000 after acquiring an additional 132,381 shares during the period. Institutional investors own 96.79% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Royal Bank of Canada dropped their target price 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. UBS Group upped their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research note on Friday, August 16th. Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a “hold” rating to a “buy” rating and lifted their price target for the stock from $35.00 to $41.00 in a report on Wednesday, July 24th. Evercore ISI lifted their price objective on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a research report on Monday, September 16th. Finally, Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $39.00 to $37.00 in a report on Tuesday, September 24th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $38.80.

Invitation Homes Stock Performance

INVH stock opened at $33.79 on Friday. The company has a market capitalization of $20.70 billion, a P/E ratio of 47.59, a PEG ratio of 5.16 and a beta of 1.02. The business has a 50-day moving average price of $34.32 and a 200 day moving average price of $35.03. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes Inc. has a 1-year low of $31.01 and a 1-year high of $37.80.

Invitation Homes Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio is currently 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.