Invitation Homes Inc. (NYSE:INVH) Sees Large Decline in Short Interest

Invitation Homes Inc. (NYSE:INVH - Get Free Report) 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.

Hedge Funds Weigh In On Invitation Homes

Several large investors have recently modified their holdings of INVH. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of Invitation Homes by 767.8% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 5,519,603 shares of the company's stock valued at $194,621,000 after buying an additional 4,883,564 shares in the last quarter. Daiwa Securities Group Inc. raised its holdings in Invitation Homes by 9.3% during the 3rd quarter. Daiwa Securities Group Inc. now owns 11,748,855 shares of the company's stock valued at $414,264,000 after acquiring an additional 997,353 shares during the period. National Bank of Canada FI lifted its position in shares of Invitation Homes by 214.5% during the third quarter. National Bank of Canada FI now owns 1,144,693 shares of the company's stock worth $40,362,000 after acquiring an additional 780,760 shares in the last quarter. FMR LLC boosted its holdings in shares of Invitation Homes by 4.2% in 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 during the period. Finally, BNP Paribas Financial Markets boosted its holdings in shares of Invitation Homes by 144.5% in the third quarter. BNP Paribas Financial Markets now owns 1,027,366 shares of the company's stock worth $36,225,000 after acquiring an additional 607,163 shares during the period. Hedge funds and other institutional investors own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on INVH shares. JPMorgan Chase & Co. boosted their price objective on Invitation Homes from $36.00 to $40.00 and gave the stock a "neutral" rating in a report on Monday, September 16th. Bank of America downgraded Invitation Homes from a "buy" rating to a "neutral" rating and decreased their price target for the stock from $39.00 to $37.00 in a report on Tuesday, September 24th. Wells Fargo & Company lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and increased their price target for the company from $37.00 to $38.00 in a research report on Monday, August 26th. Mizuho cut their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a "neutral" rating on the stock in a report on Thursday, October 10th. Finally, Evercore ISI increased their target price on shares of Invitation Homes from $37.00 to $38.00 and gave the company an "outperform" rating in a report on Monday, September 16th. Eight research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $38.70.

Invitation Homes Stock Performance

Shares of NYSE INVH traded down $0.73 during trading on Tuesday, reaching $32.40. 3,193,537 shares of the stock traded hands, compared to its average volume of 3,332,292. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The stock has a market capitalization of $19.85 billion, a P/E ratio of 45.83, a price-to-earnings-growth ratio of 5.06 and a beta of 1.03. Invitation Homes has a 52-week low of $31.01 and a 52-week high of $37.80. The company has a 50-day moving average of $33.58 and a 200-day moving average of $34.89.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 17th. Shareholders 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 yield of 3.58%. The ex-dividend date is Thursday, December 26th. This is a positive change from Invitation Homes's previous quarterly dividend of $0.28. Invitation Homes's dividend payout ratio (DPR) is currently 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.