Nomura Asset Management Co. Ltd. Boosts Stock Position in Invitation Homes Inc. (NYSE:INVH)

Nomura Asset Management Co. Ltd. raised its position in shares of Invitation Homes Inc. (NYSE:INVH) by 1.9% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 897,593 shares of the company’s stock after buying an additional 16,478 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Invitation Homes were worth $31,649,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of INVH. UMB Bank n.a. increased its position in Invitation Homes by 496.9% during the 2nd quarter. UMB Bank n.a. now owns 770 shares of the company’s stock valued at $28,000 after buying an additional 641 shares in the last quarter. Paladin Wealth LLC purchased a new stake in shares of Invitation Homes during the third quarter worth about $40,000. Family Firm Inc. acquired a new position in shares of Invitation Homes during the second quarter valued at about $42,000. Ashton Thomas Private Wealth LLC purchased a new position in shares of Invitation Homes in the 2nd quarter valued at approximately $44,000. Finally, Headlands Technologies LLC acquired a new stake in Invitation Homes in the 2nd quarter worth approximately $45,000. 96.79% of the stock is currently owned by institutional investors.

Invitation Homes Trading Down 1.1 %

Shares of Invitation Homes stock opened at $33.32 on Wednesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes Inc. has a twelve month low of $31.01 and a twelve month high of $37.80. The firm has a market capitalization of $20.41 billion, a PE ratio of 46.93, a P/E/G ratio of 5.09 and a beta of 1.03. The firm’s 50-day moving average price is $33.67 and its 200 day moving average price is $34.91.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were given a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.36%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s payout ratio is 157.75%.

Wall Street Analysts Forecast Growth

INVH has been the subject of a number of research analyst reports. UBS Group raised their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Evercore ISI boosted their price target on Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. JPMorgan Chase & Co. increased their price objective on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a report on Monday, September 16th. Scotiabank decreased their target price on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a report on Tuesday, September 10th. Finally, The Goldman Sachs Group started coverage on shares of Invitation Homes in a report on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price target on the stock. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $38.80.

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.