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

Invitation Homes Inc. (NYSE:INVH) was the target of a large decline in short interest in November. As of November 30th, there was short interest totalling 10,740,000 shares, a decline of 10.3% from the November 15th total of 11,970,000 shares. Based on an average daily volume of 3,740,000 shares, the days-to-cover ratio is currently 2.9 days.

Institutional Trading of Invitation Homes

Several institutional investors and hedge funds have recently made changes to their positions in INVH. State Street Corp lifted its position in Invitation Homes by 0.8% in the 3rd quarter. State Street Corp now owns 35,739,380 shares of the company’s stock worth $1,270,062,000 after buying an additional 298,307 shares during the last quarter. FMR LLC raised its stake in shares of Invitation Homes by 4.2% during the third quarter. FMR LLC now owns 18,813,744 shares of the company’s stock worth $663,373,000 after acquiring an additional 753,464 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Invitation Homes by 0.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock worth $567,597,000 after acquiring an additional 128,000 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in shares of Invitation Homes by 9.3% in the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company’s stock valued at $414,264,000 after purchasing an additional 997,353 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of Invitation Homes by 2.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock valued at $315,671,000 after purchasing an additional 170,374 shares in the last quarter. Hedge funds and other institutional investors own 96.79% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on INVH shares. Royal Bank of Canada lowered their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a research note on Friday, November 1st. Barclays began coverage on Invitation Homes in a research report on Tuesday. They issued an “overweight” rating and a $38.00 price target for the company. Scotiabank cut their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. The Goldman Sachs Group started coverage on shares of Invitation Homes in a research note on Wednesday, September 4th. They issued a “buy” rating and a $46.00 price objective for the company. Finally, Keefe, Bruyette & Woods cut their target price on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $38.70.

Invitation Homes Stock Performance

Shares of NYSE:INVH traded down $0.51 during trading on Tuesday, hitting $32.62. 513,751 shares of the company were exchanged, compared to its average volume of 3,320,696. The stock has a 50 day moving average of $33.58 and a 200 day moving average of $34.89. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. Invitation Homes has a 52-week low of $31.01 and a 52-week high of $37.80. The company has a market cap of $19.98 billion, a PE ratio of 46.68, a P/E/G ratio of 5.06 and a beta of 1.03.

Invitation Homes Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Stockholders of record on Thursday, December 26th will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.56%. The ex-dividend date is Thursday, December 26th. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio (DPR) is 163.38%.

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.