Invitation Homes (INVH) Projected to Post Quarterly Earnings on Wednesday

Invitation Homes (NYSE:INVH) is expected to release its earnings data after the market closes on Wednesday, February 26th. Analysts expect Invitation Homes to post earnings of $0.47 per share and revenue of $658.71 million for the quarter. Individual interested in registering for the company’s earnings conference call can do so using this link.

Invitation Homes Price Performance

NYSE INVH opened at $31.78 on Tuesday. Invitation Homes has a fifty-two week low of $30.13 and a fifty-two week high of $37.80. The stock’s 50-day moving average is $31.46 and its two-hundred day moving average is $33.49. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market cap of $19.47 billion, a P/E ratio of 44.75, a price-to-earnings-growth ratio of 4.70 and a beta of 1.04.

Invitation Homes Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were issued a dividend of $0.29 per share. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.65%. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes’s dividend payout ratio (DPR) is 163.38%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. Morgan Stanley lowered Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $39.00 to $35.00 in a report on Friday, January 24th. JMP Securities restated a “market outperform” rating and set a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Royal Bank of Canada cut their target price on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a report on Friday, November 1st. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and cut their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, Barclays dropped their price objective on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Eleven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $37.47.

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.