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

Invitation Homes Inc. (NYSE:INVHGet Free Report) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totalling 13,060,000 shares, an increase of 5.7% from the December 31st total of 12,350,000 shares. Based on an average daily trading volume, of 3,150,000 shares, the days-to-cover ratio is currently 4.1 days.

Hedge Funds Weigh In On Invitation Homes

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Invitation Homes by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 86,649,432 shares of the company’s stock worth $3,481,574,000 after purchasing an additional 2,784,696 shares during the period. BlackRock Inc. raised its holdings in shares of Invitation Homes by 0.8% in the 2nd quarter. BlackRock Inc. now owns 59,926,541 shares of the company’s stock worth $2,061,473,000 after purchasing an additional 492,707 shares during the period. Norges Bank purchased a new position in shares of Invitation Homes in the 4th quarter worth about $1,127,108,000. State Street Corp raised its holdings in shares of Invitation Homes by 12.8% in the 1st quarter. State Street Corp now owns 29,070,728 shares of the company’s stock worth $1,168,062,000 after purchasing an additional 3,310,121 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Invitation Homes by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 20,776,434 shares of the company’s stock valued at $658,403,000 after buying an additional 138,213 shares during the period. 96.79% of the stock is currently owned by hedge funds and other institutional investors.

Invitation Homes Stock Up 1.5 %

Shares of NYSE:INVH opened at $33.44 on Friday. The stock’s 50-day moving average price is $33.77 and its two-hundred day moving average price is $33.40. The firm has a market cap of $20.46 billion, a price-to-earnings ratio of 42.33, a PEG ratio of 6.43 and a beta of 0.96. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.53. Invitation Homes has a 12-month low of $28.49 and a 12-month high of $36.53.

Invitation Homes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 19th. Stockholders of record on Wednesday, December 27th were issued a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.35%. This is an increase from Invitation Homes’s previous quarterly dividend of $0.26. The ex-dividend date of this dividend was Tuesday, December 26th. Invitation Homes’s dividend payout ratio (DPR) is 141.77%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on INVH shares. Jefferies Financial Group raised Invitation Homes from a “hold” rating to a “buy” rating and increased their price objective for the company from $33.00 to $41.00 in a research note on Tuesday, January 2nd. BNP Paribas started coverage on Invitation Homes in a research note on Monday, January 22nd. They set an “outperform” rating and a $39.00 price objective on the stock. Evercore ISI decreased their price objective on Invitation Homes from $37.00 to $35.00 in a research note on Monday, October 9th. Morgan Stanley decreased their price objective on Invitation Homes from $38.00 to $37.00 and set an “overweight” rating on the stock in a research note on Tuesday, December 26th. Finally, Raymond James decreased their price objective on Invitation Homes from $38.00 to $37.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 8th. Three research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $37.50.

Read Our Latest Stock Analysis on Invitation Homes

About Invitation Homes

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Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing 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.

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