Invitation Home Inc. (NYSE:INVH) was the recipient of a significant growth in short interest in August. As of August 15th, there was short interest totalling 8,428,110 shares, a growth of 44.5% from the July 31st total of 5,833,435 shares. Approximately 9.7% of the shares of the stock are sold short. Based on an average daily volume of 2,542,998 shares, the days-to-cover ratio is currently 3.3 days.

Invitation Home (NYSE INVH) opened at 23.00 on Thursday. Invitation Home has a 52 week low of $19.80 and a 52 week high of $23.56. The company’s 50-day moving average price is $21.91 and its 200-day moving average price is $21.61. The company’s market capitalization is $7.16 billion.

Invitation Home (NYSE:INVH) last issued its earnings results on Thursday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The company had revenue of $242.22 million during the quarter, compared to analysts’ expectations of $240.58 million. The firm’s revenue was up 5.1% compared to the same quarter last year. Equities analysts forecast that Invitation Home will post ($0.14) earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, August 31st. Shareholders of record on Tuesday, August 15th will be issued a $0.08 dividend. The ex-dividend date is Friday, August 11th. This is a boost from Invitation Home’s previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a yield of 1.39%.

Several analysts recently issued reports on INVH shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $24.00 target price (up previously from $23.00) on shares of Invitation Home in a research report on Tuesday, May 16th. Evercore ISI started coverage on Invitation Home in a research report on Monday, June 5th. They set an “outperform” rating and a $24.00 target price for the company. Zelman & Associates upgraded Invitation Home from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Zacks Investment Research cut Invitation Home from a “buy” rating to a “hold” rating in a research report on Tuesday, August 1st. Finally, Keefe, Bruyette & Woods upgraded Invitation Home from a “market perform” rating to an “outperform” rating and cut their target price for the stock from $23.00 to $22.00 in a research report on Monday, August 14th. One research analyst has rated the stock with a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $24.38.

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Blackstone Group L.P. acquired a new position in shares of Invitation Home during the first quarter worth $4,801,407,000. APG Asset Management US Inc. boosted its position in shares of Invitation Home by 41.4% in the second quarter. APG Asset Management US Inc. now owns 9,188,089 shares of the company’s stock worth $198,738,000 after buying an additional 2,688,089 shares during the period. Vanguard Group Inc. acquired a new position in shares of Invitation Home during the first quarter worth $159,769,000. FMR LLC acquired a new position in shares of Invitation Home during the first quarter worth $149,699,000. Finally, Principal Financial Group Inc. boosted its position in shares of Invitation Home by 59.9% in the second quarter. Principal Financial Group Inc. now owns 6,538,202 shares of the company’s stock worth $141,422,000 after buying an additional 2,448,615 shares during the period.

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About Invitation Home

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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