Invitation Homes (INVH) Projected to Post Quarterly Earnings on Wednesday

Invitation Homes (NYSE:INVH) is anticipated to announce 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 interested in participating in the company’s conference call can do so using this link.

Invitation Homes Stock Up 1.4 %

Invitation Homes stock opened at $31.86 on Wednesday. The company’s 50-day moving average price is $31.59 and its two-hundred day moving average price is $33.61. The stock has a market cap of $19.52 billion, a price-to-earnings ratio of 44.88, a PEG ratio of 4.62 and a beta of 1.04. 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 paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.64%. The ex-dividend date of this dividend was Thursday, December 26th. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s dividend payout ratio (DPR) is currently 163.38%.

Wall Street Analyst Weigh In

INVH has been the subject of a number of research reports. Deutsche Bank Aktiengesellschaft lowered Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the company from $41.00 to $33.00 in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods decreased their target price on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Morgan Stanley lowered shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and reduced their price target for the stock from $39.00 to $35.00 in a research report on Friday, January 24th. JMP Securities reiterated a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Finally, Barclays lowered their target price on shares of Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a research note on Friday, January 24th. Eleven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, Invitation Homes has an average rating of “Hold” and a consensus price target of $37.47.

About Invitation Homes

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.