Thurston Springer Miller Herd & Titak Inc. Has $91,000 Stake in Invitation Homes Inc. (NYSE:INVH)

Thurston Springer Miller Herd & Titak Inc. boosted its holdings in shares of Invitation Homes Inc. (NYSE:INVH) by 69.9% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,608 shares of the company’s stock after buying an additional 1,073 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.’s holdings in Invitation Homes were worth $91,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in INVH. Virtus ETF Advisers LLC increased its position in Invitation Homes by 7.0% during the fourth quarter. Virtus ETF Advisers LLC now owns 4,907 shares of the company’s stock worth $157,000 after acquiring an additional 319 shares during the period. Snowden Capital Advisors LLC lifted its stake in shares of Invitation Homes by 2.6% in the 4th quarter. Snowden Capital Advisors LLC now owns 12,409 shares of the company’s stock valued at $400,000 after acquiring an additional 319 shares during the last quarter. Lindbrook Capital LLC boosted its stake in shares of Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock valued at $29,000 after purchasing an additional 329 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in Invitation Homes by 58.5% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock worth $33,000 after buying an additional 378 shares during the period. Finally, Sheaff Brock Investment Advisors LLC lifted its holdings in shares of Invitation Homes by 1.2% during the fourth quarter. Sheaff Brock Investment Advisors LLC now owns 35,429 shares of the company’s stock worth $1,133,000 after purchasing an additional 408 shares during the period. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Up 0.7%

Shares of NYSE INVH opened at $33.19 on Friday. Invitation Homes Inc. has a one year low of $29.37 and a one year high of $37.80. The business’s fifty day moving average price is $33.51 and its 200-day moving average price is $32.88. The stock has a market capitalization of $20.34 billion, a PE ratio of 46.74, a P/E/G ratio of 4.70 and a beta of 0.82. 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 (NYSE:INVH) last issued its earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $674.48 million for the quarter, compared to analysts’ expectations of $663.77 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The business’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.47 EPS. On average, equities research analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Investors of record on Monday, March 17th were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date was Thursday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 150.65%.

Analyst Ratings Changes

INVH has been the topic of a number of recent analyst reports. Raymond James lifted their price objective on Invitation Homes from $36.00 to $39.00 and gave the stock an “outperform” rating in a research note on Friday, May 9th. Scotiabank increased their price objective on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a “sector perform” rating in a research report on Monday, May 12th. Barclays lifted their price target on shares of Invitation Homes from $37.00 to $39.00 and gave the company an “overweight” rating in a research report on Friday, May 9th. Royal Bank of Canada lifted their price target on Invitation Homes from $35.00 to $36.00 and gave the company a “sector perform” rating in a research note on Friday, May 2nd. Finally, Citigroup upgraded shares of Invitation Homes from a “neutral” rating to a “buy” rating and upped their target price for the stock from $35.00 to $38.50 in a research note on Friday. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $37.97.

Invitation Homes Company 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.