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

Invitation Homes Inc. (NYSE:INVH) saw a significant growth in short interest in December. As of December 31st, there was short interest totalling 10,910,000 shares, a growth 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 currently 3.3 days.

Hedge Funds Weigh In On Invitation Homes

A number of hedge funds have recently added to or reduced their stakes in the company. Orion Portfolio Solutions LLC acquired a new position in Invitation Homes during the third quarter worth $263,000. Swedbank AB boosted its stake in shares of Invitation Homes by 25.1% during the 3rd quarter. Swedbank AB now owns 574,855 shares of the company’s stock worth $20,269,000 after acquiring an additional 115,211 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Invitation Homes during the 3rd quarter valued at about $3,825,000. Bank of Montreal Can raised its stake in shares of Invitation Homes by 18.0% in the 2nd quarter. Bank of Montreal Can now owns 544,857 shares of the company’s stock valued at $19,566,000 after acquiring an additional 83,142 shares in the last quarter. Finally, HighTower Advisors LLC lifted its holdings in Invitation Homes by 696.9% in the 3rd quarter. HighTower Advisors LLC now owns 70,866 shares of the company’s stock worth $2,508,000 after purchasing an additional 61,973 shares during the last quarter. Institutional investors and hedge funds own 96.79% of the company’s stock.

Invitation Homes Price Performance

Shares of NYSE:INVH opened at $31.31 on Tuesday. The business has a fifty day simple moving average of $32.66 and a 200 day simple moving average of $34.21. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes has a 1 year low of $30.13 and a 1 year high of $37.80. The firm has a market cap of $19.18 billion, a price-to-earnings ratio of 44.09, a P/E/G ratio of 4.44 and a beta of 1.04.

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 issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.71%. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes’s payout ratio is currently 163.38%.

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. Bank of America lowered Invitation Homes from a “buy” rating to a “neutral” rating and decreased their price target for the company from $39.00 to $37.00 in a research report on Tuesday, September 24th. Barclays assumed coverage on Invitation Homes in a report on Tuesday, December 17th. They set an “overweight” rating and a $38.00 price objective on the stock. JMP Securities reiterated a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Mizuho cut their price target on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating on the stock in a report on Thursday, October 10th. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $38.29.

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.