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

Invitation Homes Inc. (NYSE:INVH) saw a large increase in short interest during 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 trading volume, of 3,260,000 shares, the short-interest ratio is presently 3.3 days.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on INVH shares. Royal Bank of Canada dropped their price target 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. Jefferies Financial Group cut shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Barclays initiated coverage on shares of Invitation Homes in a report on Tuesday, December 17th. They issued an “overweight” rating and a $38.00 price target for the company. Bank of America downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $39.00 to $37.00 in a research report on Tuesday, September 24th. Finally, Mizuho decreased their target price on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research note on Thursday, October 10th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, Invitation Homes presently has an average rating of “Hold” and an average target price of $38.29.

Invitation Homes Stock Performance

Shares of INVH opened at $31.31 on Tuesday. The firm 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. 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 $32.66 and a 200 day moving average price of $34.21. 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 disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were issued a $0.29 dividend. The ex-dividend date was Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.71%. Invitation Homes’s dividend payout ratio (DPR) is 163.38%.

Institutional Investors Weigh In On Invitation Homes

Several hedge funds and other institutional investors have recently added to or reduced their stakes in INVH. Paladin Wealth LLC acquired a new position in shares of Invitation Homes during the 3rd quarter valued at $40,000. Assetmark Inc. boosted its stake in Invitation Homes by 1,664.9% during the third quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock valued at $46,000 after buying an additional 1,232 shares in the last quarter. Brooklyn Investment Group acquired a new position in Invitation Homes during the third quarter worth about $49,000. Huntington National Bank raised its position in Invitation Homes by 53.2% in the third quarter. Huntington National Bank now owns 2,014 shares of the company’s stock worth $71,000 after acquiring an additional 699 shares in the last quarter. Finally, Intact Investment Management Inc. acquired a new stake in Invitation Homes in the 3rd quarter valued at about $74,000. 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.