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

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

Invitation Homes Stock Down 0.4 %

INVH opened at $31.78 on Tuesday. Invitation Homes has a 12 month low of $30.13 and a 12 month high of $37.80. The stock has a market cap of $19.47 billion, a P/E ratio of 44.75, a P/E/G ratio of 4.70 and a beta of 1.04. The stock’s 50 day moving average price is $31.46 and its 200 day moving average price 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.

Invitation Homes Increases Dividend

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

Analyst Upgrades and Downgrades

INVH has been the topic of several research analyst reports. Royal Bank of Canada lowered their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research report on Friday, November 1st. JMP Securities reiterated a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a research report on Thursday, December 12th. Keefe, Bruyette & Woods lowered their price target on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research report on Wednesday, November 6th. Morgan Stanley cut Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $39.00 to $35.00 in a research report on Friday, January 24th. Finally, Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $37.47.

Invitation Homes Company Profile

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.