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
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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.
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