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

Invitation Homes Inc. (NYSE:INVH) was the target of a large growth in short interest in September. As of September 30th, there was short interest totalling 15,020,000 shares, a growth of 39.6% from the September 15th total of 10,760,000 shares. Based on an average trading volume of 3,870,000 shares, the days-to-cover ratio is currently 3.9 days.

Analyst Upgrades and Downgrades

INVH has been the subject of several recent analyst reports. Scotiabank decreased their price target on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. Keefe, Bruyette & Woods decreased their target price on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research report on Tuesday, July 30th. Wells Fargo & Company downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and raised their price target for the company from $37.00 to $38.00 in a report on Monday, August 26th. Royal Bank of Canada cut shares of Invitation Homes from an “outperform” rating to a “sector perform” rating and decreased their price objective for the company from $37.00 to $36.00 in a report on Monday, September 9th. Finally, UBS Group raised their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a report on Friday, August 16th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. Based on data from MarketBeat, Invitation Homes currently has an average rating of “Moderate Buy” and an average price target of $39.00.

Hedge Funds Weigh In On Invitation Homes

Several large investors have recently made changes to their positions in the business. Creekmur Asset Management LLC purchased a new position in Invitation Homes in the 4th quarter worth approximately $46,000. Wellington Management Group LLP boosted its position in shares of Invitation Homes by 0.9% during the fourth quarter. Wellington Management Group LLP now owns 42,341 shares of the company’s stock worth $1,444,000 after acquiring an additional 386 shares during the last quarter. Nomura Holdings Inc. purchased a new position in Invitation Homes during the fourth quarter valued at $3,482,000. Kapitalo Investimentos Ltda bought a new stake in Invitation Homes in the 4th quarter valued at $432,000. Finally, Appleton Partners Inc. MA lifted its stake in Invitation Homes by 10.6% in the 1st quarter. Appleton Partners Inc. MA now owns 39,503 shares of the company’s stock worth $1,407,000 after purchasing an additional 3,770 shares in the last quarter. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Stock Up 0.0 %

NYSE INVH opened at $33.76 on Tuesday. Invitation Homes has a 52 week low of $28.49 and a 52 week high of $37.80. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. The company has a market capitalization of $20.68 billion, a P/E ratio of 38.80, a price-to-earnings-growth ratio of 4.71 and a beta of 1.01. The stock’s 50-day moving average price is $35.58 and its 200-day moving average price is $35.20.

Invitation Homes (NYSE:INVH) last released its earnings results on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. The firm had revenue of $653.45 million for the quarter, compared to the consensus estimate of $654.70 million. On average, equities research analysts predict that Invitation Homes will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be paid a $0.28 dividend. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a yield of 3.32%. Invitation Homes’s payout ratio is presently 128.74%.

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.