Invitation Homes (INVH) Set to Announce Earnings on Wednesday

Invitation Homes (NYSE:INVH) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Invitation Homes Price Performance

Shares of NYSE:INVH opened at $33.60 on Monday. The firm has a market capitalization of $20.58 billion, a PE ratio of 43.64, a P/E/G ratio of 4.82 and a beta of 1.01. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. The company has a 50-day moving average price of $35.32 and a two-hundred day moving average price of $35.13. Invitation Homes has a twelve month low of $28.49 and a twelve month high of $37.80.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 18th. Investors of record on Thursday, September 26th were issued a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.33%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio (DPR) is presently 145.46%.

Wall Street Analyst Weigh In

Several research firms have issued reports on INVH. UBS Group increased their target price on Invitation Homes from $41.00 to $42.00 and gave the stock a “buy” rating in a research report on Friday, August 16th. Bank of America downgraded Invitation Homes from a “buy” rating to a “neutral” rating and cut their target price for the stock from $39.00 to $37.00 in a research note on Tuesday, September 24th. Keefe, Bruyette & Woods decreased their price target on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research report on Tuesday, July 30th. Mizuho cut their price objective on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a research report on Thursday, October 10th. Finally, Wells Fargo & Company cut shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $37.00 to $38.00 in a research note on Monday, August 26th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $39.00.

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.