Short Interest in Invitation Home Inc. (INVH) Expands By 44.5%
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.
TRADEMARK VIOLATION WARNING: “Short Interest in Invitation Home Inc. (INVH) Expands By 44.5%” was originally reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece of content on another publication, it was stolen and republished in violation of United States & international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.thecerbatgem.com/2017/08/31/short-interest-in-invitation-home-inc-invh-expands-by-44-5.html.
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.
Receive News & Stock Ratings for Invitation Home Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Home Inc. and related stocks with our FREE daily email newsletter.