Invitation Homes (INVH) Expected to Announce Quarterly Earnings on Wednesday

Invitation Homes (NYSE:INVH) is expected to be announcing its earnings results after the market closes on Wednesday, February 26th. Analysts expect the company to announce earnings of $0.47 per share and revenue of $658.71 million for the quarter. Investors that wish to listen to the company’s conference call can do so using this link.

Invitation Homes Trading Down 1.1 %

Invitation Homes stock opened at $31.90 on Monday. The stock has a market cap of $19.54 billion, a PE ratio of 44.92, a P/E/G ratio of 4.70 and a beta of 1.04. The stock has a 50-day moving average price of $31.48 and a 200 day moving average price of $33.52. Invitation Homes has a 52 week low of $30.13 and a 52 week high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54.

Invitation Homes Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Investors of record on Thursday, December 26th were given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 3.64%. The ex-dividend date of this dividend was Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio (DPR) is currently 163.38%.

Analyst Ratings Changes

A number of brokerages have issued reports on INVH. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $33.00 in a research note on Thursday, January 2nd. JMP Securities reissued a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a research report on Thursday, December 12th. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $39.00 to $35.00 in a report on Friday, January 24th. Royal Bank of Canada lowered their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Finally, Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and reduced their price objective for the company from $41.00 to $33.00 in a research report on Tuesday, January 21st. Eleven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Invitation Homes currently has a consensus rating of “Hold” and a consensus target price of $37.47.

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.