Invitation Homes (INVH) Set to Announce Earnings on Wednesday

Invitation Homes (NYSE:INVH) is scheduled to release its earnings data after the market closes on Wednesday, October 30th. Analysts expect Invitation Homes to post earnings of $0.45 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Invitation Homes (NYSE:INVH) last released its earnings results 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 for the quarter, compared to analysts’ expectations of $654.70 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. On average, analysts expect Invitation Homes to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Invitation Homes Stock Up 0.9 %

INVH stock opened at $34.03 on Wednesday. The stock has a market capitalization of $20.84 billion, a P/E ratio of 39.11, a P/E/G ratio of 4.71 and a beta of 1.01. The firm has a 50-day simple moving average of $35.38 and a 200-day simple moving average of $35.15. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. Invitation Homes has a 52 week low of $28.49 and a 52 week high of $37.80.

Invitation Homes Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Thursday, September 26th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.29%. Invitation Homes’s dividend payout ratio is currently 128.74%.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Royal Bank of Canada lowered shares of Invitation Homes from an “outperform” rating to a “sector perform” rating and lowered their price target for the stock from $37.00 to $36.00 in a research report on Monday, September 9th. Wells Fargo & Company lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their price target for the stock from $37.00 to $38.00 in a research report on Monday, August 26th. Deutsche Bank Aktiengesellschaft upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and boosted their price target for the stock from $35.00 to $41.00 in a research report on Wednesday, July 24th. JPMorgan Chase & Co. boosted their price target on shares of Invitation Homes from $36.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, UBS Group boosted their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Eight research analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $39.00.

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.