Invitation Homes (NYSE:INVH) is scheduled to release its earnings data after the market closes on Monday, August 3rd. Analysts expect Invitation Homes to post earnings of $0.30 per share for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.
Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Wednesday, May 6th. The company reported $0.09 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.32 by ($0.23). Invitation Homes had a return on equity of 2.15% and a net margin of 9.80%. The business had revenue of $449.80 million for the quarter, compared to analysts’ expectations of $446.24 million. During the same quarter in the prior year, the firm earned $0.33 earnings per share. Invitation Homes’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, analysts expect Invitation Homes to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.
Shares of NYSE INVH opened at $29.82 on Friday. Invitation Homes has a twelve month low of $15.64 and a twelve month high of $32.70. The company has a current ratio of 1.65, a quick ratio of 1.65 and a debt-to-equity ratio of 1.10. The company has a market capitalization of $16.22 billion, a price-to-earnings ratio of 93.19, a price-to-earnings-growth ratio of 6.70 and a beta of 0.89. The business has a 50 day simple moving average of $27.87 and a 200-day simple moving average of $26.83.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 28th. Stockholders of record on Wednesday, August 12th will be issued a $0.15 dividend. The ex-dividend date is Tuesday, August 11th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.01%. Invitation Homes’s dividend payout ratio (DPR) is 48.00%.
A number of equities research analysts have recently weighed in on INVH shares. Mizuho boosted their price target on Invitation Homes from $25.00 to $28.00 and gave the company a “buy” rating in a report on Monday, June 1st. Citigroup lowered their price target on Invitation Homes from $34.00 to $25.00 and set a “buy” rating for the company in a report on Tuesday, April 7th. B. Riley boosted their price target on Invitation Homes from $29.00 to $30.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Morgan Stanley boosted their price target on Invitation Homes from $22.00 to $25.00 and gave the company an “equal weight” rating in a report on Tuesday, June 9th. Finally, Keefe, Bruyette & Woods boosted their price objective on Invitation Homes from $27.00 to $29.00 and gave the company a “market perform” rating in a research report on Friday, May 8th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $28.92.
About Invitation Homes
Invitation Homes is a leading owner and operator of single-family rental homes, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.
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