Thurston Springer Miller Herd & Titak Inc. Cuts Stock Position in Invitation Homes Inc. (NYSE:INVH)

Thurston Springer Miller Herd & Titak Inc. lowered its position in Invitation Homes Inc. (NYSE:INVH) by 55.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,535 shares of the company’s stock after selling 1,903 shares during the period. Thurston Springer Miller Herd & Titak Inc.’s holdings in Invitation Homes were worth $49,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of INVH. Paladin Wealth LLC purchased a new stake in Invitation Homes during the 3rd quarter worth approximately $40,000. Assetmark Inc. grew its position in Invitation Homes by 1,664.9% during the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock worth $46,000 after purchasing an additional 1,232 shares during the last quarter. Brooklyn Investment Group purchased a new stake in Invitation Homes during the 3rd quarter worth approximately $49,000. Huntington National Bank grew its position in Invitation Homes by 53.2% during the 3rd quarter. Huntington National Bank now owns 2,014 shares of the company’s stock worth $71,000 after purchasing an additional 699 shares during the last quarter. Finally, Intact Investment Management Inc. purchased a new stake in Invitation Homes during the 3rd quarter worth approximately $74,000. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analysts Forecast Growth

INVH has been the topic of several research analyst reports. Mizuho dropped their target price on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Keefe, Bruyette & Woods decreased their price objective on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, November 6th. Barclays began coverage on shares of Invitation Homes in a research note on Tuesday, December 17th. They set an “overweight” rating and a $38.00 price objective for the company. 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 for the company in a research note on Friday, November 1st. Finally, Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and decreased their price objective for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Nine research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Invitation Homes currently has an average rating of “Hold” and an average price target of $38.29.

Invitation Homes Stock Performance

NYSE:INVH opened at $31.31 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The company has a fifty day moving average of $32.71 and a two-hundred day moving average of $34.26. The stock has a market capitalization of $19.18 billion, a PE ratio of 44.09, a P/E/G ratio of 4.44 and a beta of 1.04. Invitation Homes Inc. has a fifty-two week low of $30.13 and a fifty-two week high of $37.80.

Invitation Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.71%. Invitation Homes’s dividend payout ratio is currently 163.38%.

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.