Invitation Homes Inc. (NYSE: INVH) Declares Quarterly Dividend of $0.22
Invitation Houses Inc. (NYSE:INVH – Get Rating) announced a quarterly dividend on Friday, July 22, Zacks reports. Investors of record on Tuesday August 9 will receive a dividend of 0.22 per share on Friday August 26. This represents an annualized dividend of $0.88 and a dividend yield of 2.41%. The ex-dividend date is Monday, August 8.
Invitation Homes has increased its dividend by an average of 15.6% per year over the past three years and has increased its dividend annually for the past 5 consecutive years. Invitation Homes has a payout ratio of 125.7%, meaning the company cannot currently cover its dividend with earnings alone and relies on its balance sheet to cover its dividend payments. Research analysts expect Invitation Homes to earn $1.85 per share next year, meaning the company should continue to be able to cover its annual dividend of $0.88 with a ratio of expected future payout of 47.6%.
Stock Performance Houses Invitation
NYSE:INVH shares opened at $36.45 on Friday. The company has a market capitalization of $22.25 billion, a P/E ratio of 72.90, a PEG ratio of 3.32 and a beta of 0.88. The company has a debt ratio of 0.60, a quick ratio of 0.22 and a current ratio of 0.22. Invitation Homes has a one-year minimum of $33.15 and a one-year maximum of $45.80. The company’s 50-day simple moving average is $36.09 and its 200-day simple moving average is $39.05.
Invitation Homes (NYSE:INVH – Get Rating) last released its quarterly earnings data on Wednesday, April 27. The company reported earnings per share of $0.17 for the quarter, missing analyst consensus estimates of $0.40 per ($0.23). Invitation Homes had a net margin of 14.43% and a return on equity of 3.29%. The company posted revenue of $532.31 million for the quarter, versus analyst estimates of $528.97 million. In the same quarter last year, the company achieved EPS of $0.36. On average, sell-side analysts expect Invitation Homes to post 1.64 earnings per share for the current fiscal year.
Analysts set new price targets
A number of brokerages have weighed in on INVH. Mizuho lowered its price target on Invitation Homes from $45.00 to $44.00 and set a “buy” rating for the company in a Wednesday, July 6 research note. BMO Capital Markets began covering Invitation Homes in a research report on Thursday, April 14. They issued a “market performance” rating and a target price of $45.00 for the company. KeyCorp reduced its target price on Invitation Homes from $46.00 to $41.00 and set an “overweight” rating for the company in a Tuesday, June 28 research report. Raymond James reiterated a “Strong Buy” rating and issued a price target of $44.00 (down from $48.00 previously) on Invitation Homes shares in a research report on Thursday, June 23. Finally, Jefferies Financial Group reduced its price target on Invitation Homes from $44.00 to $41.00 and set a “buy” rating for the company in a Thursday, June 30 research report. Three equity research analysts gave the stock a hold rating, thirteen gave the company a buy rating and one gave the company a strong buy rating. According to MarketBeat.com, Invitation Homes currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.53.
Institutional business of inviting houses
Hedge funds have recently increased or reduced their stakes in the company. Ethic Inc. increased its stake in Invitation Homes by 28.9% in the 1st quarter. Ethic Inc. now owns 9,814 shares of the company valued at $394,000 after acquiring 2,203 additional shares last quarter. Cetera Advisor Networks LLC bought a new stake in the shares of Invitation Homes in Q1 worth $373,000. Toroso Investments LLC increased its stake in the shares of Invitation Homes by 47.5% in the 1st quarter. Toroso Investments LLC now owns 8,966 shares of the company worth $360,000 after buying 2,889 additional shares in the last quarter. Global Wealth Management Investment Advisory Inc. increased its stake in Invitation Homes by 16.5% in Q1. Global Wealth Management Investment Advisory Inc. now owns 7,979 shares of the company worth $321,000 after purchasing an additional 1,131 shares last quarter. Finally, Pearl River Capital LLC purchased a new equity stake in Invitation Homes in Q1 for $297,000.
Company Profile Invitation Homes
(Get a rating)
Invitation Homes is the nation’s premier single-family home rental company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valuable features such as proximity to jobs and access to good schools. The company’s mission, “Together with you, we make a home a home”, reflects its commitment to providing homes where individuals and families can thrive and high-quality service that continually improves experiences. life of residents.
This instant news alert was powered by MarketBeat’s storytelling science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Invitation Homes right now?
Before you consider Invitation Homes, you’ll want to hear this.
MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes hold…and Invitation Homes didn’t make the list.
Although Invitation Homes currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here