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

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

Invitation Homes Price Performance

Shares of NYSE:INVH opened at $31.08 on Tuesday. The stock has a market capitalization of $19.04 billion, a price-to-earnings ratio of 43.77, a PEG ratio of 4.55 and a beta of 1.04. Invitation Homes has a one year low of $30.13 and a one year high of $37.80. The company has a 50-day simple moving average of $32.07 and a 200-day simple moving average of $33.87. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were issued a dividend of $0.29 per share. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.73%. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes’s dividend payout ratio is currently 163.38%.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in shares of Invitation Homes by 767.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company’s stock worth $194,621,000 after purchasing an additional 4,883,564 shares in the last quarter. JPMorgan Chase & Co. grew 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 period. Daiwa Securities Group Inc. grew its stake in shares of Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after buying an additional 997,353 shares during the period. National Bank of Canada FI grew its stake in shares of Invitation Homes by 214.5% during the 3rd quarter. National Bank of Canada FI now owns 1,144,693 shares of the company’s stock valued at $40,362,000 after buying an additional 780,760 shares during the period. Finally, FMR LLC lifted its holdings in shares of Invitation Homes by 4.2% during 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 in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Jefferies Financial Group cut Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Royal Bank of Canada cut 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. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Keefe, Bruyette & Woods cut their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. Finally, Barclays lowered their target price on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating for the company in a research note on Friday, January 24th. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target 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.