Invitation Homes Inc (NYSE:INVH) saw a significant decline in short interest in January. As of January 31st, there was short interest totalling 18,653,614 shares, a decline of 15.9% from the January 15th total of 22,182,011 shares. Based on an average daily volume of 3,368,428 shares, the short-interest ratio is presently 5.5 days. Currently, 6.3% of the company’s stock are short sold.

A number of analysts have recently commented on the company. Zacks Investment Research upgraded Invitation Homes from a “sell” rating to a “hold” rating in a report on Friday, January 25th. Mizuho lowered Invitation Homes from a “buy” rating to a “neutral” rating and cut their price target for the company from $25.00 to $23.00 in a report on Wednesday, November 14th. Finally, TheStreet upgraded Invitation Homes from a “d+” rating to a “c” rating in a report on Tuesday, November 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Invitation Homes has a consensus rating of “Buy” and an average target price of $25.25.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nissay Asset Management Corp Japan ADV raised its holdings in Invitation Homes by 1.6% during the fourth quarter. Nissay Asset Management Corp Japan ADV now owns 47,230 shares of the company’s stock worth $948,000 after acquiring an additional 723 shares in the last quarter. Bank of Montreal Can raised its holdings in Invitation Homes by 27.4% during the fourth quarter. Bank of Montreal Can now owns 5,802 shares of the company’s stock worth $116,000 after acquiring an additional 1,247 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in Invitation Homes by 5.0% during the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 27,807 shares of the company’s stock worth $558,000 after acquiring an additional 1,328 shares in the last quarter. Utah Retirement Systems raised its holdings in Invitation Homes by 2.4% during the fourth quarter. Utah Retirement Systems now owns 59,392 shares of the company’s stock worth $1,192,000 after acquiring an additional 1,400 shares in the last quarter. Finally, Comerica Bank raised its holdings in Invitation Homes by 5.8% during the fourth quarter. Comerica Bank now owns 29,002 shares of the company’s stock worth $646,000 after acquiring an additional 1,590 shares in the last quarter.

Shares of Invitation Homes stock opened at $23.52 on Friday. The stock has a market capitalization of $11.99 billion, a PE ratio of 90.46, a PEG ratio of 3.58 and a beta of 0.52. Invitation Homes has a one year low of $19.21 and a one year high of $23.97. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.47 and a current ratio of 0.47.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Thursday, February 14th. The company reported $0.30 EPS for the quarter, meeting analysts’ consensus estimates of $0.30. The company had revenue of $433.00 million for the quarter, compared to analyst estimates of $440.07 million. Invitation Homes had a negative return on equity of 0.56% and a negative net margin of 4.71%. The company’s quarterly revenue was up 31.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.29 earnings per share. Analysts predict that Invitation Homes will post 1.17 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 28th. Investors of record on Wednesday, February 13th will be issued a dividend of $0.13 per share. This represents a $0.52 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Tuesday, February 12th. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.11. Invitation Homes’s dividend payout ratio is presently 200.00%.

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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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