Invitation Home Inc. (NYSE:INVH) Issues Earnings Results

Invitation Home Inc. (NYSE:INVH) posted its quarterly earnings data on Thursday. The company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01, Bloomberg Earnings reports. The company had revenue of $242.22 million for the quarter, compared to the consensus estimate of $240.58 million. The company’s revenue for the quarter was up 5.1% on a year-over-year basis. Invitation Home updated its FY17 guidance to $0.96-1.04 EPS.

Invitation Home (INVH) traded up 0.87% on Friday, hitting $21.92. 4,896,880 shares of the stock were exchanged. The company’s 50 day moving average is $21.47 and its 200 day moving average is $21.46. The stock’s market cap is $6.80 billion. Invitation Home has a 1-year low of $19.80 and a 1-year high of $22.43.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be given a $0.08 dividend. This is an increase from Invitation Home’s previous quarterly dividend of $0.06. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.46%. The ex-dividend date of this dividend is Friday, August 11th.

COPYRIGHT VIOLATION NOTICE: This report was posted by Stock Observer and is the property of of Stock Observer. If you are reading this report on another publication, it was illegally stolen and republished in violation of US and international trademark & copyright law. The original version of this report can be accessed at https://www.thestockobserver.com/2017/08/12/invitation-home-inc-nyseinvh-issues-earnings-results.html.

A number of research analysts have commented on INVH shares. Royal Bank Of Canada reiterated an “outperform” rating and set a $24.00 price objective (up from $23.00) on shares of Invitation Home in a research note on Tuesday, May 16th. Evercore ISI began coverage on shares of Invitation Home in a research note on Monday, June 5th. They set an “outperform” rating and a $24.00 price objective on the stock. Zelman & Associates upgraded shares of Invitation Home from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Zacks Investment Research upgraded shares of Invitation Home from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, July 12th. Finally, FBR & Co restated a “buy” rating on shares of Invitation Home in a research report on Saturday, May 13th. Three equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $24.08.

A number of hedge funds have recently made changes to their positions in INVH. Blackstone Group L.P. purchased a new stake in shares of Invitation Home during the first quarter valued at $4,801,407,000. Bank of New York Mellon Corp purchased a new stake in shares of Invitation Home during the first quarter valued at $54,770,000. Advantus Capital Management Inc purchased a new stake in shares of Invitation Home during the first quarter valued at $8,712,000. Quantitative Systematic Strategies LLC purchased a new stake in shares of Invitation Home during the first quarter valued at $413,000. Finally, Lazard Asset Management LLC purchased a new stake in shares of Invitation Home during the first quarter valued at $866,000.

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 & 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 companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply