Invitation Homes Inc (INVH) Short Interest Update

Invitation Homes Inc (NYSE:INVH) was the target of a significant increase in short interest in July. As of July 31st, there was short interest totalling 21,120,672 shares, an increase of 15.9% from the July 13th total of 18,229,785 shares. Based on an average daily trading volume, of 2,091,252 shares, the days-to-cover ratio is presently 10.1 days. Currently, 7.1% of the company’s stock are sold short.

A number of research firms have recently issued reports on INVH. Zacks Investment Research lowered Invitation Homes from a “buy” rating to a “hold” rating in a research note on Thursday, May 31st. Morgan Stanley lowered their target price on Invitation Homes from $27.00 to $24.50 and set an “overweight” rating for the company in a research note on Thursday, June 14th. TheStreet lowered Invitation Homes from a “c-” rating to a “d+” rating in a research note on Wednesday, June 13th. Finally, Zelman & Associates lowered Invitation Homes from a “buy” rating to a “hold” rating in a research note on Wednesday, May 16th. Two equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $25.65.

INVH stock opened at $23.22 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.63 and a debt-to-equity ratio of 1.14. Invitation Homes has a 1 year low of $20.25 and a 1 year high of $24.30. The stock has a market capitalization of $12.14 billion, a PE ratio of 89.31, a P/E/G ratio of 3.36 and a beta of -0.50.

Invitation Homes (NYSE:INVH) last posted its earnings results on Thursday, August 9th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. Invitation Homes had a negative return on equity of 1.03% and a negative net margin of 6.99%. The business had revenue of $432.00 million during the quarter, compared to analyst estimates of $431.24 million. During the same quarter last year, the firm earned $0.25 earnings per share. The company’s revenue for the quarter was up 78.4% compared to the same quarter last year. equities analysts predict that Invitation Homes will post 1.18 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, August 31st. Shareholders of record on Thursday, August 16th will be paid a dividend of $0.11 per share. The ex-dividend date of this dividend is Wednesday, August 15th. This represents a $0.44 dividend on an annualized basis and a yield of 1.89%. Invitation Homes’s dividend payout ratio (DPR) is presently 169.23%.

A number of hedge funds and other institutional investors have recently modified their holdings of INVH. Global X Management Co. LLC acquired a new stake in Invitation Homes during the 1st quarter valued at approximately $794,000. Daiwa Securities Group Inc. grew its stake in Invitation Homes by 0.5% during the 1st quarter. Daiwa Securities Group Inc. now owns 7,451,724 shares of the company’s stock valued at $170,123,000 after purchasing an additional 39,122 shares in the last quarter. Rhumbline Advisers grew its stake in Invitation Homes by 5.1% during the 1st quarter. Rhumbline Advisers now owns 318,592 shares of the company’s stock valued at $7,273,000 after purchasing an additional 15,505 shares in the last quarter. American Assets Capital Advisers LLC grew its stake in Invitation Homes by 81.9% during the 1st quarter. American Assets Capital Advisers LLC now owns 1,094,375 shares of the company’s stock valued at $24,984,000 after purchasing an additional 492,600 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. grew its stake in Invitation Homes by 2.3% during the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,018,822 shares of the company’s stock valued at $23,260,000 after purchasing an additional 23,028 shares in the last quarter.

Invitation Homes Company Profile

Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

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