Invitation Homes Inc. (NYSE:INVH) Announces Quarterly Dividend of $0.28

Invitation Homes Inc. (NYSE:INVH) declared a quarterly dividend on Friday, September 13th, NASDAQ reports. Investors of record on Thursday, September 26th will be paid a dividend of 0.28 per share on Friday, October 18th. This represents a $1.12 annualized dividend and a yield of 3.15%. The ex-dividend date is Thursday, September 26th.

Invitation Homes has increased its dividend payment by an average of 30.1% annually over the last three years. Invitation Homes has a payout ratio of 143.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Invitation Homes to earn $1.91 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 58.6%.

Invitation Homes Price Performance

INVH opened at $35.55 on Wednesday. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $21.78 billion, a P/E ratio of 40.86, a PEG ratio of 4.56 and a beta of 1.01. The stock has a 50-day moving average price of $35.83 and a 200-day moving average price of $35.25. Invitation Homes has a 12-month low of $28.49 and a 12-month high of $37.80.

Invitation Homes (NYSE:INVH) last issued its earnings results on Wednesday, July 24th. The company reported $0.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.34). The firm had revenue of $653.45 million during the quarter, compared to analysts’ expectations of $654.70 million. Invitation Homes had a return on equity of 4.68% and a net margin of 18.75%. Equities analysts predict that Invitation Homes will post 1.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently commented on INVH shares. Mizuho decreased their target price on shares of Invitation Homes from $37.00 to $36.00 and set a “neutral” rating on the stock in a research report on Monday, June 3rd. JPMorgan Chase & Co. boosted their target price on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. Scotiabank reduced their price target on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a research report on Tuesday, September 10th. Barclays dropped their price objective on Invitation Homes from $41.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, May 29th. Finally, Bank of America downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $39.00 to $37.00 in a research note on Tuesday. Eight investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $39.00.

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.