Invitation Homes (INVH) Releases FY18 Earnings Guidance

Invitation Homes (NYSE:INVH) issued an update on its FY18 earnings guidance on Monday morning. The company provided EPS guidance of $1.16-1.18 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.17. Invitation Homes also updated its FY 2018 guidance to $1.16-1.18 EPS.

Invitation Homes stock opened at $21.23 on Monday. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $11.05 billion, a price-to-earnings ratio of 81.65, a price-to-earnings-growth ratio of 3.15 and a beta of 0.03. Invitation Homes has a one year low of $20.25 and a one year high of $24.30.

Invitation Homes (NYSE:INVH) last posted its earnings results on Thursday, August 9th. The company reported $0.29 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. The firm had revenue of $432.00 million for the quarter, compared to the consensus estimate of $431.24 million. Invitation Homes had a negative net margin of 6.99% and a negative return on equity of 0.98%. The business’s quarterly revenue was up 78.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.25 earnings per share. On average, sell-side analysts predict that Invitation Homes will post 1.18 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th will be issued a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 2.07%. The ex-dividend date of this dividend is Tuesday, November 13th. Invitation Homes’s dividend payout ratio (DPR) is 169.23%.

Separately, Raymond James upped their price target on shares of Invitation Homes from $26.00 to $27.00 and gave the company a buy rating in a report on Tuesday, August 21st. Two research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $25.83.

In other news, Director Barry S. Sternlicht sold 1,309,849 shares of the firm’s stock in a transaction that occurred on Friday, September 14th. The shares were sold at an average price of $23.55, for a total transaction of $30,846,943.95. Following the completion of the sale, the director now owns 5,482 shares of the company’s stock, valued at $129,101.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.50% of the stock is owned by company insiders.

Invitation Homes Company Profile

Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

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Earnings History and Estimates for Invitation Homes (NYSE:INVH)

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