Invitation Homes Inc. (NYSE:INVH) Short Interest Update

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

Institutional Trading of Invitation Homes

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp lifted its holdings in shares of Invitation Homes by 0.8% during the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock valued at $1,270,062,000 after purchasing an additional 298,307 shares during the last quarter. FMR LLC raised its stake in Invitation Homes by 4.2% in the 3rd quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after acquiring an additional 753,464 shares during the last quarter. Daiwa Securities Group Inc. raised its stake in Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock worth $414,264,000 after acquiring an additional 997,353 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in Invitation Homes by 3.9% in 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. raised its stake in Invitation Homes by 21.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 6,287,830 shares of the company’s stock worth $221,709,000 after acquiring an additional 1,089,281 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.

Invitation Homes Stock Down 0.2 %

Shares of NYSE:INVH opened at $31.08 on Tuesday. 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 stock has a market cap of $19.04 billion, a P/E ratio of 43.77, a price-to-earnings-growth ratio of 4.55 and a beta of 1.04. The business’s 50 day moving average is $32.07 and its 200 day moving average is $33.87. Invitation Homes has a 52-week low of $30.13 and a 52-week high of $37.80.

Invitation Homes Increases Dividend

The business also recently announced 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. This represents a $1.16 annualized dividend and a yield of 3.73%. The ex-dividend date was Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio (DPR) is 163.38%.

Analyst Upgrades and Downgrades

Several research firms have issued reports on INVH. JMP Securities reissued a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Barclays dropped their price objective on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Royal Bank of Canada decreased their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. Mizuho decreased their price objective on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a research report on Thursday, October 10th. Finally, Jefferies Financial Group downgraded 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 report on Thursday, January 2nd. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $37.47.

About Invitation Homes

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.