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

Invitation Homes Inc. (NYSE:INVH - Get Free Report) was the target of a large decrease in short interest in April. As of April 15th, there was short interest totalling 9,950,000 shares, a decrease of 14.1% from the March 31st total of 11,580,000 shares. Approximately 1.6% of the shares of the stock are short sold. Based on an average trading volume of 3,150,000 shares, the days-to-cover ratio is currently 3.2 days.

Institutional Investors Weigh In On Invitation Homes

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Assetmark Inc. grew its position in Invitation Homes by 179.5% during the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company's stock worth $117,000 after purchasing an additional 2,344 shares during the last quarter. Capital World Investors acquired a new position in Invitation Homes in the 4th quarter valued at $4,891,000. Charles Schwab Investment Management Inc. raised its holdings in Invitation Homes by 0.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock worth $210,952,000 after purchasing an additional 31,184 shares in the last quarter. OFI Invest Asset Management acquired a new stake in Invitation Homes in the fourth quarter valued at $595,000. Finally, Cbre Investment Management Listed Real Assets LLC lifted its stake in shares of Invitation Homes by 0.8% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,597,177 shares of the company's stock valued at $178,942,000 after purchasing an additional 44,945 shares during the period. Hedge funds and other institutional investors own 96.79% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently commented on the stock. Oppenheimer boosted their price target on shares of Invitation Homes from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Tuesday. Raymond James reduced their price target on shares of Invitation Homes from $40.00 to $36.00 and set an "outperform" rating for the company in a research report on Friday, April 11th. Morgan Stanley lowered Invitation Homes from an "overweight" rating to an "equal weight" rating and cut their price objective for the stock from $39.00 to $35.00 in a research note on Friday, January 24th. Barclays reiterated an "overweight" rating and set a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Finally, Keefe, Bruyette & Woods raised their price objective on Invitation Homes from $36.00 to $37.00 and gave the company a "market perform" rating in a report on Monday. Nine equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $37.59.

Invitation Homes Trading Down 0.8 %

NYSE INVH traded down $0.27 during trading on Thursday, hitting $34.63. The stock had a trading volume of 245,348 shares, compared to its average volume of 3,292,957. 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 company has a market capitalization of $21.23 billion, a PE ratio of 48.78, a PEG ratio of 4.70 and a beta of 0.87. The firm has a 50 day moving average price of $33.65 and a 200 day moving average price of $32.84. Invitation Homes has a twelve month low of $29.37 and a twelve month high of $37.80.

Invitation Homes (NYSE:INVH - Get Free Report) last released its earnings results on Wednesday, April 30th. The company reported $0.48 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.47 by $0.01. The company had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The firm's quarterly revenue was up 4.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.47 EPS. As a group, equities research analysts forecast that Invitation Homes will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, April 17th. Stockholders of record on Monday, March 17th were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Thursday, March 27th. Invitation Homes's payout ratio is 150.65%.

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.