By otakuyassine3@gmail.com 
Invitation Homes Inc. (NYSE:INVH – Get Free Report) was the recipient of a significant decline in short interest in November. As of November 30th, there was short interest totalling 10,740,000 shares, a decline of 10.3% from the November 15th total of 11,970,000 shares. Based on an average daily trading volume, of 3,740,000 shares, the days-to-cover ratio is currently 2.9 days.
Hedge Funds Weigh In On Invitation Homes
A number of hedge funds have recently added to or reduced their stakes in the stock. Capital Square LLC increased its stake in Invitation Homes by 1.3% in the third quarter. Capital Square LLC now owns 23,726 shares of the company’s stock valued at $837,000 after acquiring an additional 308 shares during the last quarter. Oregon Public Employees Retirement Fund lifted its holdings in Invitation Homes by 0.6% during the 2nd quarter. Oregon Public Employees Retirement Fund now owns 49,448 shares of the company’s stock worth $1,775,000 after buying an additional 310 shares during the period. GAMMA Investing LLC raised its position in shares of Invitation Homes by 6.5% during the third quarter. GAMMA Investing LLC now owns 5,600 shares of the company’s stock worth $197,000 after acquiring an additional 343 shares during the last quarter. CWM LLC raised its holdings in Invitation Homes by 5.1% during the 3rd quarter. CWM LLC now owns 7,285 shares of the company’s stock worth $257,000 after purchasing an additional 351 shares during the last quarter. Finally, Inspire Investing LLC lifted its holdings in Invitation Homes by 0.6% in the third quarter. Inspire Investing LLC now owns 64,641 shares of the company’s stock valued at $2,279,000 after buying an additional 369 shares during the period. Institutional investors own 96.79% of the company’s stock.
Invitation Homes Stock Performance
INVH stock traded down $0.51 during trading hours on Tuesday, hitting $32.62. 513,751 shares of the stock were exchanged, compared to its average volume of 3,320,696. Invitation Homes has a 12 month low of $31.01 and a 12 month high of $37.80. The firm has a market capitalization of $19.98 billion, a P/E ratio of 46.68, a P/E/G ratio of 5.06 and a beta of 1.03. The company has a 50-day simple moving average of $33.58 and a two-hundred day simple moving average of $34.89. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.
Invitation Homes Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, January 17th. Investors of record on Thursday, December 26th will be paid a $0.29 dividend. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 3.56%. The ex-dividend date of this dividend is Thursday, December 26th. Invitation Homes’s payout ratio is 163.38%.
Analysts Set New Price Targets
A number of equities research analysts recently commented on the stock. Keefe, Bruyette & Woods dropped their price objective on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a report on Wednesday, November 6th. Evercore ISI lifted their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research note on Monday, September 16th. Scotiabank reduced their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research note on Tuesday, September 10th. Mizuho decreased their price objective on Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Finally, The Goldman Sachs Group initiated coverage on Invitation Homes in a report on Wednesday, September 4th. They set a “buy” rating and a $46.00 target price on the stock. Eight equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. Based on data from MarketBeat, Invitation Homes currently has a consensus rating of “Moderate Buy” and an average target price of $38.70.
Get Our Latest Analysis on Invitation Homes
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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