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

Thurston Springer Miller Herd & Titak Inc. acquired a new position in shares of Invitation Homes Inc. (NYSE:INVH) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,482 shares of the company’s stock, valued at approximately $125,000.

Several other hedge funds and other institutional investors have also bought and sold shares of INVH. Sumitomo Mitsui Trust Holdings Inc. boosted its position in Invitation Homes by 1.0% during the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,296,945 shares of the company’s stock worth $146,569,000 after purchasing an additional 40,558 shares during the period. Charles Schwab Investment Management Inc. increased its position in Invitation Homes by 2.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,067,188 shares of the company’s stock valued at $206,952,000 after purchasing an additional 144,897 shares during the period. State Board of Administration of Florida Retirement System increased its position in Invitation Homes by 5.8% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 669,816 shares of the company’s stock valued at $23,852,000 after purchasing an additional 36,951 shares during the period. Illinois Municipal Retirement Fund boosted its holdings in shares of Invitation Homes by 56.4% during the 1st quarter. Illinois Municipal Retirement Fund now owns 173,384 shares of the company’s stock worth $6,174,000 after buying an additional 62,547 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in shares of Invitation Homes by 14.2% during the 1st quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,056,785 shares of the company’s stock worth $37,632,000 after buying an additional 131,068 shares in the last quarter. Institutional investors own 96.79% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently issued reports on INVH shares. Keefe, Bruyette & Woods cut their target price on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a report on Tuesday, July 30th. JPMorgan Chase & Co. lifted their price objective on Invitation Homes from $35.00 to $36.00 and gave the stock a “neutral” rating in a report on Monday, June 17th. Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a “hold” rating to a “buy” rating and lifted their price target for the company from $35.00 to $41.00 in a research report on Wednesday, July 24th. Royal Bank of Canada lowered their price objective on Invitation Homes from $39.00 to $37.00 and set an “outperform” rating for the company in a research report on Friday, July 26th. Finally, Scotiabank upped their target price on Invitation Homes from $36.00 to $38.00 and gave the company a “sector perform” rating in a report on Thursday, May 16th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $38.39.

Insider Buying and Selling at Invitation Homes

In other news, Director Cohen Jana Barbe sold 7,200 shares of Invitation Homes stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $34.58, for a total transaction of $248,976.00. Following the sale, the director now owns 28,068 shares in the company, valued at $970,591.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Invitation Homes news, Director Cohen Jana Barbe sold 7,200 shares of Invitation Homes stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $34.58, for a total value of $248,976.00. Following the sale, the director now owns 28,068 shares of the company’s stock, valued at approximately $970,591.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Charles D. Young sold 5,000 shares of Invitation Homes stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the transaction, the chief operating officer now owns 275,296 shares of the company’s stock, valued at $9,594,065.60. The disclosure for this sale can be found here. 0.28% of the stock is owned by insiders.

Invitation Homes Trading Up 2.7 %

Shares of INVH traded up $0.92 during midday trading on Tuesday, hitting $35.60. 3,353,578 shares of the stock were exchanged, compared to its average volume of 3,285,191. The firm has a market cap of $21.81 billion, a P/E ratio of 41.40, a P/E/G ratio of 4.44 and a beta of 0.99. The stock has a fifty day simple moving average of $35.33 and a 200 day simple moving average of $34.57. Invitation Homes Inc. has a 52-week low of $28.49 and a 52-week high of $36.92. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.20 and a current ratio of 0.20.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, July 19th. Shareholders of record on Thursday, June 27th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.15%. The ex-dividend date of this dividend was Thursday, June 27th. Invitation Homes’s dividend payout ratio is presently 128.74%.

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.