Invitation Homes Inc. (NYSE:INVH) Short Interest Up 5.7% in December

Invitation Homes Inc. (NYSE:INVH) was the recipient of a significant growth in short interest in the month of December. As of December 31st, there was short interest totalling 10,910,000 shares, a growth of 5.7% from the December 15th total of 10,320,000 shares. Based on an average daily trading volume, of 3,260,000 shares, the short-interest ratio is currently 3.3 days.

Analysts Set New Price Targets

A number of research firms have issued reports on INVH. Keefe, Bruyette & Woods cut their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, November 6th. Barclays began coverage on Invitation Homes in a report on Tuesday, December 17th. They set an “overweight” rating and a $38.00 price objective for the company. Jefferies Financial Group downgraded Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a research note on Thursday, December 12th. Finally, Mizuho reduced their price target on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $38.29.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. Paladin Wealth LLC bought a new position in Invitation Homes during the third quarter worth $40,000. Assetmark Inc. increased its holdings in shares of Invitation Homes by 1,664.9% during the 3rd quarter. Assetmark Inc. now owns 1,306 shares of the company’s stock worth $46,000 after purchasing an additional 1,232 shares during the period. Brooklyn Investment Group bought a new position in shares of Invitation Homes during the 3rd quarter worth about $49,000. Huntington National Bank raised its position in shares of Invitation Homes by 53.2% during the third quarter. Huntington National Bank now owns 2,014 shares of the company’s stock valued at $71,000 after buying an additional 699 shares during the last quarter. Finally, Intact Investment Management Inc. bought a new stake in shares of Invitation Homes in the third quarter valued at about $74,000. 96.79% of the stock is currently owned by institutional investors and hedge funds.

Invitation Homes Stock Performance

INVH traded up $0.23 during trading on Monday, hitting $31.31. The stock had a trading volume of 3,682,075 shares, compared to its average volume of 2,644,654. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes has a 12 month low of $30.13 and a 12 month high of $37.80. The company has a 50 day simple moving average of $32.71 and a 200-day simple moving average of $34.25. The firm has a market cap of $19.18 billion, a PE ratio of 44.09, a P/E/G ratio of 4.44 and a beta of 1.04.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were issued a $0.29 dividend. The ex-dividend date of this dividend was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.71%. This is a positive change 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.