Invitation Homes Inc. (INVH) To Go Ex-Dividend on September 26th

Invitation Homes Inc. (NYSE:INVH) declared a quarterly dividend on Friday, September 13th, NASDAQ reports. Investors of record on Thursday, September 26th will be given a dividend of 0.28 per share on Friday, October 18th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.07%. The ex-dividend date is Thursday, September 26th.

Invitation Homes has raised its dividend payment by an average of 30.1% per year over the last three years. Invitation Homes has a dividend payout ratio of 143.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Invitation Homes to earn $1.92 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 58.3%.

Invitation Homes Stock Up 1.3 %

Shares of NYSE INVH opened at $36.50 on Tuesday. The firm’s 50-day moving average is $35.84 and its 200-day moving average is $35.25. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. The firm has a market capitalization of $22.36 billion, a PE ratio of 41.95, a price-to-earnings-growth ratio of 4.50 and a beta of 1.01. Invitation Homes has a 1 year low of $28.49 and a 1 year high of $37.80.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Wednesday, July 24th. The company reported $0.12 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.34). The company had revenue of $653.45 million during the quarter, compared to the consensus estimate of $654.70 million. Invitation Homes had a net margin of 18.75% and a return on equity of 4.68%. Equities analysts expect that Invitation Homes will post 1.83 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms recently commented on INVH. Keefe, Bruyette & Woods lowered their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research report on Tuesday, July 30th. JPMorgan Chase & Co. boosted their price objective on shares of Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Evercore ISI increased their price objective on Invitation Homes from $37.00 to $38.00 and gave the stock an “outperform” rating in a report on Monday, September 16th. Royal Bank of Canada lowered Invitation Homes from an “outperform” rating to a “sector perform” rating and dropped their target price for the stock from $37.00 to $36.00 in a report on Monday, September 9th. Finally, Mizuho decreased their price target on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating on the stock in a research note on Monday, June 3rd. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $39.10.

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.