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

Invitation Homes Inc. (NYSE:INVH) was the target of a significant decrease in short interest during the month of August. As of August 31st, there was short interest totalling 10,340,000 shares, a decrease of 5.7% from the August 15th total of 10,960,000 shares. Based on an average trading volume of 3,440,000 shares, the short-interest ratio is currently 3.0 days.

Invitation Homes Stock Performance

Shares of INVH opened at $35.86 on Thursday. The stock has a 50 day moving average of $35.79 and a 200 day moving average of $35.22. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. Invitation Homes has a 12 month low of $28.49 and a 12 month high of $37.80. The company has a market capitalization of $21.97 billion, a price-to-earnings ratio of 41.22, a PEG ratio of 4.50 and a beta of 1.01.

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). The business had revenue of $653.45 million for the quarter, compared to the consensus estimate of $654.70 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. As a group, sell-side analysts forecast that Invitation Homes will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Stockholders of record on Thursday, September 26th will be paid a dividend of $0.28 per share. The ex-dividend date is Thursday, September 26th. This represents a $1.12 annualized dividend and a dividend yield of 3.12%. Invitation Homes’s payout ratio is currently 128.74%.

Analyst Ratings Changes

Several research firms have recently weighed in on INVH. Scotiabank decreased their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 10th. Royal Bank of Canada downgraded Invitation Homes from an “outperform” rating to a “sector perform” rating and lowered their target price for the stock from $37.00 to $36.00 in a report on Monday, September 9th. The Goldman Sachs Group initiated 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. Evercore ISI raised their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday. Finally, Deutsche Bank Aktiengesellschaft upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and upped their price objective for the company from $35.00 to $41.00 in a report on Wednesday, July 24th. Seven equities research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat, Invitation Homes currently has an average rating of “Moderate Buy” and an average target price of $39.10.

Hedge Funds Weigh In On Invitation Homes

A number of large investors have recently modified their holdings of the company. Robeco Institutional Asset Management B.V. grew its holdings in Invitation Homes by 153.0% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 119,461 shares of the company’s stock worth $4,075,000 after acquiring an additional 72,243 shares during the last quarter. Kentucky Retirement Systems increased its holdings in Invitation Homes by 2.4% during the 4th quarter. Kentucky Retirement Systems now owns 46,025 shares of the company’s stock valued at $1,570,000 after purchasing an additional 1,086 shares during the period. Quest Partners LLC bought a new position in Invitation Homes during the 4th quarter valued at approximately $191,000. Ontario Teachers Pension Plan Board purchased a new stake in Invitation Homes in the 4th quarter worth approximately $1,736,000. Finally, 1620 Investment Advisors Inc. grew its position in shares of Invitation Homes by 8.6% in the 4th quarter. 1620 Investment Advisors Inc. now owns 17,639 shares of the company’s stock worth $602,000 after buying an additional 1,399 shares during the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

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.