( ) was the subject of a significant increase in short interest during April. On April 15, there were 17,140,000 shorted shares. This is an increase of 11.7% compared to the total of 15 340,000 shares on March 31st. The short-interest rate is currently 5.4 based on an average daily share volume of 3,180,000.
Invitation Homes Stocks Up 0.7 %
The stock rose $0.23 in the trading hours of Tuesday to $33.65. The stock changed hands 3,340,450 times, as compared to the average trading volume of 3,228,732. Invitation Homes's one-year low is $28.52 while its one-year high is $40.20. The company's moving average of the last 50 days is $31.49, and its moving average for the past two hundred days is $31.52. The company's current ratio is 0.10, its quick ratio is 0.10, and it has a debt to equity ratio of 0.53. The company released its last quarterly earnings report on February 15th. The company's earnings per share were $0.16, which was $0.41 below the consensus estimate. Revenue for the quarter was $579.84 millions, which is higher than the $566.68-million consensus estimate. Invitation Homes' net margin was 17.10%, and its return on equity was 3.89%. Research analysts predict that Invitation Homes's current-year earnings will be 1.73 EPS on average.
Invitation Homes Announces Dividend
A quarterly dividend was also declared by the firm, and will be paid out on Friday, 26th May. Investors who held shares on the record date of Wednesday, May 10, will receive a $0.26 dividend per share. The dividend is payable on Tuesday, May 9. This is a dividend of $1.04 on an annualized base and yields 3.09%. Invitation Homes's current dividend payout ratio is 167.74%.
Wall Street analysts weigh in
INVH stock has been the subject of several research analyst's opinions. Wells Fargo & Company began covering Invitation Homes on Tuesday, 28th March. They assigned the company an 'overweight rating' and set a target price of $33.50. Credit Suisse Group downgraded shares of Invitation Homes to a "neutral" rating from an "outperform" rating. The company's price target was set at $31.00. In a report published on Monday, 9th January. Mizuho reduced shares of Invitation Homes' rating from 'buy' to 'neutral,' and decreased the price target from $33.00 down to $32.00. This was revealed in a Mizuho report published on March 22nd. Barclays lowered their price target for shares of Invitation Homes in a research report on Wednesday, march 15th from $39.00 down to $38.00. The company was also given an 'overweight rating'. In a report published on Monday, Jan. 2nd, Jefferies Financial reduced Invitation Homes' rating from a "buy" to a "hold". They also reduced the price target for the company, from $38.00 down to $31.00. Nine equity research analysts gave the stock a hold rating, and eight others have given the company a buy rating. According to MarketBeat data, the average rating for the company is 'Hold' with an average price of $34.72.
Institutional investors weigh in on invitation homes
Recent hedge fund transactions have seen the company's shares bought and sold. Allspring Global Investments Holdings LLC increased its holdings of Invitation Homes by 40% in the third-quarter. Allspring Global Investments Holdings LLC owns 131 614 shares worth $4 444,000, after adding 37 595 shares during the last quarter. Credit Suisse AG increased its stake in Invitation Homes during the third quarter by 2.8%. Credit Suisse AG owns 805 602 shares worth $27 206,000, after buying an additional 21 807 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd increased its stake in Invitation Homes shares by 3.3% during the fourth quarter. Sumitomo Mitsui DS Asset Management Company Ltd owns 125 527 shares worth $3 721,000, after buying an additional 4,038 during the last quarter. Aviva PLC increased its stake in Invitation Homes shares by 2.4% during the third quarter. Aviva PLC owns now 532,576 of the company’s stock valued at $17,985,000, after buying an additional 12,652 during the last quarter. State Board of Administration of Florida Retirement System increased its holdings of Invitation Homes shares by 0.5% in the third quarter. State Board of Administration of Florida Retirement System owns now 681,886 of the company’s stock valued at approximately $23,027,000. This is after buying an additional 3,528 in the last quarter. Institutional investors hold 98.43% the company's shares.
Invitation Homes, Inc. is a company that specializes in the purchase, renovation, leasing, maintenance, and operation single-family rental homes, as well as single-family rentals in planned unit developments. Services include online payments, property management, home selection, and maintenance programs. The company, based in Dallas, TX, was founded in 2012 by Marcus Ridgway and Brad Greiwe.
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