Invitation Homes Inc. (NYSE:INVH) Short Interest Up 11.7% in April

Invitation Homes Inc. (NYSE:INVH - Get Free Report) saw a large growth in short interest in the month of April. As of April 15th, there was short interest totalling 10,690,000 shares, a growth of 11.7% from the March 31st total of 9,570,000 shares. Based on an average daily trading volume, of 3,120,000 shares, the short-interest ratio is presently 3.4 days.

Invitation Homes Stock Down 0.4 %

Shares of Invitation Homes stock traded down $0.12 on Wednesday, reaching $34.08. The stock had a trading volume of 4,333,857 shares, compared to its average volume of 3,149,144. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $20.87 billion, a P/E ratio of 40.57, a P/E/G ratio of 2.05 and a beta of 0.94. The company has a 50 day moving average price of $34.47 and a 200 day moving average price of $33.48. Invitation Homes has a 1 year low of $28.49 and a 1 year high of $36.53.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. The firm had revenue of $624.32 million during the quarter, compared to analysts' expectations of $623.51 million. As a group, equities research 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 was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.29%. The ex-dividend date was Wednesday, March 27th. Invitation Homes's dividend payout ratio is presently 133.33%.

Insider Activity at Invitation Homes

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of the business's stock in a transaction on Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the transaction, the chief financial officer now owns 37,037 shares in the company, valued at $1,287,035.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.28% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Invitation Homes

Several hedge funds have recently modified their holdings of the stock. CWM LLC grew its position in Invitation Homes by 10.2% during the 3rd quarter. CWM LLC now owns 6,590 shares of the company's stock worth $209,000 after purchasing an additional 608 shares during the last quarter. AE Wealth Management LLC grew its holdings in shares of Invitation Homes by 11.3% during the third quarter. AE Wealth Management LLC now owns 10,868 shares of the company's stock valued at $345,000 after buying an additional 1,105 shares during the last quarter. Czech National Bank increased its position in shares of Invitation Homes by 46.1% in the 3rd quarter. Czech National Bank now owns 100,540 shares of the company's stock valued at $3,186,000 after acquiring an additional 31,724 shares during the period. Handelsbanken Fonder AB raised its stake in Invitation Homes by 4.1% in the 3rd quarter. Handelsbanken Fonder AB now owns 156,207 shares of the company's stock worth $4,950,000 after acquiring an additional 6,161 shares during the last quarter. Finally, Manning & Napier Group LLC lifted its position in Invitation Homes by 18.7% during the 3rd quarter. Manning & Napier Group LLC now owns 330,528 shares of the company's stock worth $10,474,000 after acquiring an additional 52,112 shares during the period. Institutional investors and hedge funds own 96.79% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Raymond James increased their price target on Invitation Homes from $37.00 to $39.00 and gave the stock an "outperform" rating in a report on Thursday, March 28th. Keefe, Bruyette & Woods lowered their price objective 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, February 27th. BNP Paribas initiated coverage on shares of Invitation Homes in a research note on Monday, January 22nd. They issued an "outperform" rating and a $39.00 target price on the stock. 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, March 7th. Finally, Royal Bank of Canada reissued an "outperform" rating and issued a $36.00 price objective on shares of Invitation Homes in a research note on Thursday, February 15th. Six investment analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $38.19.

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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