What’s Ahead for Invitation Homes Incorporated (NYSE:INVH) After More Shorted Shares?

February 14, 2018 - By Kurt Siggers

 What’s Ahead for Invitation Homes Incorporated (NYSE:INVH) After More Shorted Shares?

The stock of Invitation Homes Incorporated (NYSE:INVH) registered an increase of 75.58% in short interest. INVH’s total short interest was 23.63M shares in February as published by FINRA. Its up 75.58% from 13.46 million shares, reported previously. With 7.33M shares average volume, it will take short sellers 3 days to cover their INVH’s short positions. The short interest to Invitation Homes Incorporated’s float is 7.63%.

The stock increased 0.24% or $0.05 during the last trading session, reaching $21.05. About 1.36 million shares traded. Invitation Homes Inc. (NYSE:INVH) has 0.00% since February 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Invitation Homes Inc. engages on owning, renovating, leasing, and operating single-family residential properties in the United States. The company has market cap of $10.92 billion. It has approximately 50,000 homes for lease in 13 markets. It currently has negative earnings.

Invitation Homes Inc. (NYSE:INVH) Ratings Coverage

Among 11 analysts covering Invitation Homes (NYSE:INVH), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Invitation Homes had 12 analyst reports since February 27, 2017 according to SRatingsIntel. Evercore initiated Invitation Homes Inc. (NYSE:INVH) on Monday, June 5 with “Outperform” rating. The rating was initiated by Citigroup with “Buy” on Friday, December 8. JP Morgan initiated Invitation Homes Inc. (NYSE:INVH) rating on Monday, February 27. JP Morgan has “Overweight” rating and $25 target. The rating was initiated by FBR Capital with “Outperform” on Monday, February 27. The company was initiated on Monday, February 27 by JMP Securities. Goldman Sachs initiated Invitation Homes Inc. (NYSE:INVH) on Monday, February 27 with “Neutral” rating. The firm earned “Outperform” rating on Monday, February 27 by Wells Fargo. Keefe Bruyette & Woods initiated it with “Mkt Perform” rating and $22 target in Monday, February 27 report. RBC Capital Markets initiated Invitation Homes Inc. (NYSE:INVH) rating on Monday, February 27. RBC Capital Markets has “Outperform” rating and $23 target. The stock has “Buy” rating by Deutsche Bank on Monday, February 27.

More notable recent Invitation Homes Inc. (NYSE:INVH) news were published by: Gurufocus.com which released: “PGGM Investments Buys Boston Properties Inc, Invitation Homes Inc, Hudson …” on January 29, 2018, also Nasdaq.com with their article: “Ex-Dividend Reminder: Invitation Homes, Webster Financial and WW Grainger” published on February 08, 2018, Nasdaq.com published: “Invitation Homes Inc. (INVH) Ex-Dividend Date Scheduled for February 12, 2018” on February 09, 2018. More interesting news about Invitation Homes Inc. (NYSE:INVH) were released by: Prnewswire.com and their article: “SHAREHOLDER ALERT: Bronstein, Gewirtz & Grossman, LLC Announces Investigation …” published on January 22, 2018 as well as Gurufocus.com‘s news article titled: “Timbercreek Asset Management Ltd. Buys Invitation Homes Inc, Retail Properties …” with publication date: February 12, 2018.

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