Invitation Homes Inc. (NYSE:INVH) Sees Large Increase in Short Interest

Invitation Homes Inc. (NYSE:INVH) was the recipient of a significant increase in short interest in the month of December. As of December 31st, there was short interest totalling 10,910,000 shares, an increase of 5.7% from the December 15th total of 10,320,000 shares. Based on an average daily volume of 3,260,000 shares, the days-to-cover ratio is presently 3.3 days.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on INVH. Keefe, Bruyette & Woods reduced 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 report on Wednesday, November 6th. Bank of America downgraded Invitation Homes from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $39.00 to $37.00 in a report on Tuesday, September 24th. Mizuho lowered their price objective on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research note on Thursday, October 10th. JMP Securities restated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a research report on Thursday, December 12th. Finally, Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and lowered their price target for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Nine investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, Invitation Homes presently has a consensus rating of “Hold” and an average price target of $38.29.

Invitation Homes Trading Up 0.7 %

INVH stock traded up $0.23 during trading on Monday, hitting $31.31. The company had a trading volume of 3,682,075 shares, compared to its average volume of 2,644,654. The stock has a market cap of $19.18 billion, a price-to-earnings ratio of 44.09, a PEG ratio of 4.44 and a beta of 1.04. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a 50-day moving average price of $32.71 and a 200-day moving average price of $34.25. Invitation Homes has a 12 month low of $30.13 and a 12 month high of $37.80.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.71%. The ex-dividend date of this dividend was Thursday, December 26th. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio is 163.38%.

Hedge Funds Weigh In On Invitation Homes

Hedge funds have recently added to or reduced their stakes in the company. State Street Corp lifted its stake in Invitation Homes by 0.8% in the third quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after buying an additional 298,307 shares during the period. FMR LLC increased its stake in shares of Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock valued at $663,373,000 after acquiring an additional 753,464 shares during the last quarter. Daiwa Securities Group Inc. raised its position in shares of Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after acquiring an additional 997,353 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Invitation Homes by 3.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 6,567,267 shares of the company’s stock worth $231,562,000 after acquiring an additional 248,701 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its holdings in Invitation Homes by 21.0% during the third quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock valued at $221,709,000 after purchasing an additional 1,089,281 shares during the period. Institutional investors own 96.79% of the company’s stock.

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.