Invitation Homes Inc (NYSE:INVH) saw a significant increase in short interest in November. As of November 30th, there was short interest totalling 23,625,378 shares, an increase of 75.6% from the November 15th total of 13,455,872 shares. Approximately 8.0% of the company’s shares are short sold. Based on an average daily volume of 7,327,729 shares, the days-to-cover ratio is presently 3.2 days.

In related news, Director John Bartling sold 188,850 shares of the stock in a transaction that occurred on Tuesday, November 28th. The stock was sold at an average price of $23.11, for a total value of $4,364,323.50. Following the transaction, the director now owns 482,665 shares of the company’s stock, valued at $11,154,388.15. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Several institutional investors and hedge funds have recently modified their holdings of the company. APG Asset Management US Inc. lifted its holdings in shares of Invitation Homes by 18.6% during the 3rd quarter. APG Asset Management US Inc. now owns 10,900,582 shares of the company’s stock valued at $246,898,000 after purchasing an additional 1,712,493 shares during the last quarter. Principal Financial Group Inc. raised its stake in Invitation Homes by 22.3% in the 3rd quarter. Principal Financial Group Inc. now owns 7,997,265 shares of the company’s stock worth $181,138,000 after acquiring an additional 1,459,063 shares during the last quarter. Cbre Clarion Securities LLC raised its stake in Invitation Homes by 15.0% in the 2nd quarter. Cbre Clarion Securities LLC now owns 4,970,343 shares of the company’s stock worth $107,509,000 after acquiring an additional 649,707 shares during the last quarter. BlackRock Inc. raised its stake in Invitation Homes by 16.7% in the 2nd quarter. BlackRock Inc. now owns 4,955,788 shares of the company’s stock worth $107,194,000 after acquiring an additional 709,908 shares during the last quarter. Finally, Wells Fargo & Company MN raised its stake in Invitation Homes by 15.7% in the 3rd quarter. Wells Fargo & Company MN now owns 4,222,836 shares of the company’s stock worth $95,647,000 after acquiring an additional 574,588 shares during the last quarter.

Shares of Invitation Homes (NYSE INVH) opened at $23.67 on Wednesday. Invitation Homes has a twelve month low of $19.80 and a twelve month high of $24.30. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 1.59.

INVH has been the topic of several recent research reports. Deutsche Bank reaffirmed a “buy” rating and set a $26.00 target price on shares of Invitation Homes in a research report on Wednesday, November 29th. Zacks Investment Research cut Invitation Homes from a “buy” rating to a “hold” rating in a research report on Monday, September 4th. B. Riley set a $26.00 target price on Invitation Homes and gave the company a “buy” rating in a research report on Wednesday, November 15th. Evercore ISI set a $26.00 target price on Invitation Homes and gave the company an “outperform” rating in a research report on Monday, November 27th. Finally, FBR & Co reaffirmed a “buy” rating on shares of Invitation Homes in a research report on Thursday, September 21st. Two investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $25.06.

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About Invitation Homes

Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.

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