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

Invitation Homes (NYSE:INVH) is expected to post its quarterly earnings results 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. Parties that wish to listen to the company’s conference call can do so using this link.

Invitation Homes Trading Up 1.4 %

NYSE:INVH opened at $31.86 on Wednesday. The stock has a market cap of $19.52 billion, a price-to-earnings ratio of 44.88, a price-to-earnings-growth ratio of 4.62 and a beta of 1.04. Invitation Homes has a one year low of $30.13 and a one year high of $37.80. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The business’s 50-day simple moving average is $31.59 and its 200 day simple moving average is $33.61.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.64%. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Thursday, December 26th. Invitation Homes’s dividend payout ratio is presently 163.38%.

Analysts Set New Price Targets

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