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

Invitation Homes Inc. (NYSE:INVH) was the target of a large decline in short interest in the month of August. As of August 31st, there was short interest totalling 10,340,000 shares, a decline 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 days-to-cover ratio is presently 3.0 days.

Hedge Funds Weigh In On Invitation Homes

Several hedge funds and other institutional investors have recently modified their holdings of the company. Cohen & Steers Inc. raised its stake in shares of Invitation Homes by 1.3% during the fourth quarter. Cohen & Steers Inc. now owns 80,498,790 shares of the company’s stock valued at $2,746,208,000 after acquiring an additional 1,008,392 shares during the last quarter. Canada Pension Plan Investment Board raised its stake in shares of Invitation Homes by 0.8% during the second quarter. Canada Pension Plan Investment Board now owns 15,814,912 shares of the company’s stock valued at $567,597,000 after acquiring an additional 128,000 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Invitation Homes by 2.0% during the second quarter. Dimensional Fund Advisors LP now owns 8,795,707 shares of the company’s stock valued at $315,671,000 after acquiring an additional 170,374 shares during the last quarter. Centersquare Investment Management LLC raised its stake in shares of Invitation Homes by 4.7% during the first quarter. Centersquare Investment Management LLC now owns 8,552,206 shares of the company’s stock valued at $292,485,000 after acquiring an additional 384,564 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Invitation Homes by 66.6% during the fourth quarter. Goldman Sachs Group Inc. now owns 5,424,752 shares of the company’s stock valued at $185,038,000 after acquiring an additional 2,169,522 shares during the last quarter. 96.79% of the stock is owned by institutional investors.

Invitation Homes Stock Performance

NYSE INVH opened at $36.11 on Wednesday. The company has a 50-day simple moving average of $35.79 and a two-hundred day simple moving average of $35.21. The company has a quick ratio of 0.20, a current 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 firm has a market cap of $22.12 billion, a price-to-earnings ratio of 41.51, a PEG ratio of 4.50 and a beta of 1.01.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.34). Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. The business had revenue of $653.45 million for the quarter, compared to analysts’ expectations of $654.70 million. On average, equities analysts forecast that Invitation Homes will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, October 18th. Shareholders of record on Thursday, September 26th will be given a dividend of $0.28 per share. The ex-dividend date of this dividend is Thursday, September 26th. This represents a $1.12 annualized dividend and a yield of 3.10%. Invitation Homes’s payout ratio is 128.74%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Deutsche Bank Aktiengesellschaft raised shares of Invitation Homes from a “hold” rating to a “buy” rating and boosted their target price for the company from $35.00 to $41.00 in a report on Wednesday, July 24th. UBS Group boosted their target price on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a report on Friday, August 16th. JPMorgan Chase & Co. boosted their price target on shares of Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday. Scotiabank reduced their price target 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. Finally, Keefe, Bruyette & Woods reduced their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research report on Tuesday, July 30th. Seven analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Invitation Homes presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.10.

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.