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

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

Invitation Homes Stock Up 0.7 %

Shares of INVH traded up $0.23 during trading hours on Friday, reaching $31.31. The company's stock had a trading volume of 3,682,075 shares, compared to its average volume of 2,644,654. Invitation Homes has a 1-year low of $30.13 and a 1-year high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The firm has a market cap of $19.18 billion, a price-to-earnings ratio of 44.09, a P/E/G ratio of 4.44 and a beta of 1.04. The company has a 50 day moving average of $32.71 and a two-hundred day moving average of $34.25.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were paid 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 an increase from Invitation Homes's previous quarterly dividend of $0.28. Invitation Homes's payout ratio is 163.38%.

Institutional Investors Weigh In On Invitation Homes

Hedge funds and other institutional investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. increased its holdings in Invitation Homes by 8.7% in the second quarter. Envestnet Asset Management Inc. now owns 588,034 shares of the company's stock worth $21,105,000 after buying an additional 47,035 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Invitation Homes by 7.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 45,939 shares of the company's stock worth $1,649,000 after purchasing an additional 3,275 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of Invitation Homes by 30.2% during the 2nd quarter. Intech Investment Management LLC now owns 28,393 shares of the company's stock valued at $1,019,000 after purchasing an additional 6,581 shares in the last quarter. Benjamin F. Edwards & Company Inc. lifted its stake in shares of Invitation Homes by 16.1% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,558 shares of the company's stock valued at $128,000 after purchasing an additional 494 shares during the last quarter. Finally, Skandinaviska Enskilda Banken AB publ boosted its holdings in Invitation Homes by 1.4% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 120,824 shares of the company's stock worth $4,336,000 after purchasing an additional 1,700 shares in the last quarter. 96.79% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

INVH has been the subject of a number of research reports. Mizuho decreased their price target on Invitation Homes from $36.00 to $35.00 and set a "neutral" rating for the company in a research note on Thursday, October 10th. JMP Securities reaffirmed a "market outperform" rating and set a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Jefferies Financial Group lowered shares of Invitation Homes from a "buy" rating to a "hold" rating and reduced their price objective for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Bank of America downgraded shares of Invitation Homes from a "buy" rating to a "neutral" rating and dropped their target price for the stock from $39.00 to $37.00 in a report on Tuesday, September 24th. Finally, Royal Bank of Canada reduced their target price on shares of Invitation Homes from $36.00 to $34.00 and set a "sector perform" rating for the company in a report on Friday, November 1st. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Invitation Homes currently has an average rating of "Hold" and an average price target of $38.29.

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.

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