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

Invitation Homes Inc. (NYSE:INVH) saw a large drop in short interest in the month of April. As of April 15th, there was short interest totalling 9,950,000 shares, a drop of 14.1% from the March 31st total of 11,580,000 shares. Currently, 1.6% of the shares of the company are short sold. Based on an average daily volume of 3,150,000 shares, the short-interest ratio is presently 3.2 days.

Analyst Ratings Changes

Several equities research analysts have commented on INVH shares. Morgan Stanley lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. Deutsche Bank Aktiengesellschaft lowered shares of Invitation Homes from a “buy” rating to a “hold” rating and dropped their target price for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. 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. Barclays reaffirmed an “overweight” rating and issued a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research note on Wednesday, March 12th. Finally, Mizuho raised Invitation Homes from a “neutral” rating to an “outperform” rating and increased their target price for the company from $33.00 to $36.00 in a report on Thursday, March 13th. Nine analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $37.50.

Invitation Homes Stock Performance

Shares of Invitation Homes stock opened at $35.45 on Friday. The business’s fifty day simple moving average is $33.54 and its 200-day simple moving average is $32.83. 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 $21.73 billion, a PE ratio of 49.93, a price-to-earnings-growth ratio of 4.70 and a beta of 0.86. Invitation Homes has a 52 week low of $29.37 and a 52 week high of $37.80.

Invitation Homes (NYSE:INVH) last posted its earnings results on Wednesday, April 30th. The company reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The company had revenue of $674.48 million for the quarter, compared to analysts’ expectations of $663.77 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. Invitation Homes’s revenue for the quarter was up 4.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.47 earnings per share. Equities analysts forecast that Invitation Homes will post 1.83 earnings per share for the current year.

Invitation Homes Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.27%. The ex-dividend date of this dividend was Thursday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is 158.90%.

Institutional Investors Weigh In On Invitation Homes

A number of institutional investors have recently modified their holdings of the company. Lindbrook Capital LLC increased its stake in Invitation Homes by 58.4% during the fourth quarter. Lindbrook Capital LLC now owns 892 shares of the company’s stock worth $29,000 after purchasing an additional 329 shares during the period. Larson Financial Group LLC raised its position in Invitation Homes by 1,313.8% in the 1st quarter. Larson Financial Group LLC now owns 919 shares of the company’s stock valued at $32,000 after purchasing an additional 854 shares in the last quarter. SRS Capital Advisors Inc. boosted its stake in shares of Invitation Homes by 654.8% in the 4th quarter. SRS Capital Advisors Inc. now owns 951 shares of the company’s stock valued at $30,000 after buying an additional 825 shares during the period. Smartleaf Asset Management LLC raised its holdings in Invitation Homes by 58.5% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,024 shares of the company’s stock valued at $33,000 after acquiring an additional 378 shares in the last quarter. Finally, North Capital Inc. purchased a new position in Invitation Homes in the first quarter worth approximately $41,000. 96.79% of the stock is owned by institutional investors and hedge funds.

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.