Invitation Home (NYSE:INVH – Get Free Report) declared a quarterly dividend on Friday, June 12th. Investors of record on Thursday, June 25th will be given a dividend of 0.30 per share on Friday, July 17th. This represents a c) dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, June 25th.
Invitation Home has increased its dividend by an average of 0.1%per year over the last three years and has raised its dividend annually for the last 1 consecutive years. Invitation Home has a dividend payout ratio of 141.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Invitation Home to earn $1.97 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 60.9%.
Invitation Home Price Performance
NYSE:INVH opened at $29.68 on Friday. Invitation Home has a 52 week low of $24.25 and a 52 week high of $34.25. The firm has a market cap of $17.63 billion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 3.48 and a beta of 0.85. The firm’s 50-day simple moving average is $28.07 and its 200 day simple moving average is $27.09. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02.
Analysts Set New Price Targets
Several research firms have commented on INVH. Morgan Stanley decreased their target price on shares of Invitation Home from $34.00 to $33.00 and set an “equal weight” rating on the stock in a report on Monday, March 9th. Keefe, Bruyette & Woods raised their target price on shares of Invitation Home from $28.00 to $29.00 and gave the company a “market perform” rating in a report on Monday, May 4th. Oppenheimer decreased their target price on shares of Invitation Home from $38.00 to $31.00 and set an “outperform” rating on the stock in a report on Tuesday, February 24th. UBS Group decreased their target price on shares of Invitation Home from $35.00 to $32.00 and set a “buy” rating on the stock in a report on Tuesday, May 19th. Finally, Raymond James Financial raised shares of Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Monday, May 18th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $31.50.
View Our Latest Research Report on INVH
Invitation Home Company Profile
Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.
Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.
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