Invitation Homes (NYSE:INVH) Announces Earnings Results

Invitation Homes (NYSE:INVH) posted its quarterly earnings results on Wednesday. The company reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.18 by $0.30, Zacks reports. The firm had revenue of $731.28 million during the quarter, compared to the consensus estimate of $742.55 million. Invitation Homes had a return on equity of 7.22% and a net margin of 23.13%.

Invitation Homes Stock Performance

NYSE INVH traded down $0.49 during trading on Wednesday, reaching $26.70. 4,936,697 shares of the company’s stock were exchanged, compared to its average volume of 5,757,713. The business has a 50 day moving average price of $27.66 and a 200-day moving average price of $27.79. The stock has a market capitalization of $15.77 billion, a P/E ratio of 24.49, a PEG ratio of 4.10 and a beta of 0.82. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02. Invitation Homes has a fifty-two week low of $24.25 and a fifty-two week high of $30.89.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 16th. Investors of record on Thursday, September 24th were issued a dividend of $0.30 per share. The ex-dividend date was Thursday, September 24th. This represents a $1.20 dividend on an annualized basis and a yield of 4.5%. Invitation Homes’s dividend payout ratio (DPR) is presently 110.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the company. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $31.00 to $32.00 in a research note on Monday, September 21st. Wells Fargo & Company decreased their target price on shares of Invitation Homes from $33.00 to $30.00 and set an “overweight” rating for the company in a research note on Monday, October 19th. Royal Bank Of Canada decreased their target price on shares of Invitation Homes from $31.00 to $29.00 and set a “sector perform” rating for the company in a research note on Tuesday, October 13th. Barclays lowered their target price on shares of Invitation Homes from $36.00 to $35.00 and set an “overweight” rating on the stock in a report on Wednesday, October 14th. Finally, Jefferies Financial Group raised shares of Invitation Homes to a “hold” rating in a research report on Wednesday, July 22nd. Eleven investment analysts have rated the stock with a Buy rating, nine have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $32.00.

Invitation Homes Company Profile

Invitation Homes Inc (NYSE: INVH) is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides professionally managed rental housing for individuals and families, with properties generally located in suburban communities and metropolitan areas.

The company’s services include home leasing, property management, resident support, maintenance and renovations. Invitation Homes uses technology and centralized operating systems to market homes, manage lease agreements, collect rent and coordinate property care.