Equities research analysts forecast that Invitation Homes Inc (NYSE:INVH) will report $0.30 earnings per share for the current fiscal quarter, Zacks reports. Six analysts have provided estimates for Invitation Homes’ earnings. The highest EPS estimate is $0.31 and the lowest is $0.30. Invitation Homes posted earnings of ($0.11) per share during the same quarter last year, which indicates a positive year-over-year growth rate of 372.7%. The firm is scheduled to report its next quarterly earnings results on Wednesday, February 20th.
On average, analysts expect that Invitation Homes will report full-year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.17 to $1.18. For the next year, analysts forecast that the firm will report earnings of $1.24 per share, with EPS estimates ranging from $1.21 to $1.27. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side research analysts that cover Invitation Homes.
Invitation Homes (NYSE:INVH) last released its earnings results on Monday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.29. Invitation Homes had a negative return on equity of 0.56% and a negative net margin of 4.71%. The firm had revenue of $434.20 million for the quarter, compared to analysts’ expectations of $436.18 million. During the same quarter in the previous year, the business posted $0.20 earnings per share. The business’s revenue for the quarter was up 78.3% on a year-over-year basis.
A number of research firms have issued reports on INVH. TheStreet upgraded Invitation Homes from a “d+” rating to a “c” rating in a research report on Tuesday, November 6th. Zacks Investment Research cut Invitation Homes from a “hold” rating to a “sell” rating in a report on Wednesday, November 14th. Raymond James boosted their price target on Invitation Homes from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, August 21st. Finally, Mizuho cut Invitation Homes from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $25.00 to $23.00 in a report on Wednesday, November 14th. Three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $25.50.
In other news, Director Barry S. Sternlicht sold 1,309,849 shares of the business’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $23.55, for a total transaction of $30,846,943.95. Following the sale, the director now directly owns 5,482 shares in the company, valued at $129,101.10. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in INVH. Bank of Montreal Can boosted its holdings in Invitation Homes by 338.8% in the third quarter. Bank of Montreal Can now owns 4,555 shares of the company’s stock valued at $104,000 after acquiring an additional 3,517 shares during the last quarter. Capital Guardian Trust Co. bought a new stake in Invitation Homes in the third quarter valued at approximately $109,000. Point72 Hong Kong Ltd bought a new stake in Invitation Homes in the second quarter valued at approximately $175,000. Virtu Financial LLC bought a new stake in Invitation Homes in the third quarter valued at approximately $201,000. Finally, Signition LP bought a new stake in Invitation Homes in the third quarter valued at approximately $203,000.
Invitation Homes stock traded up $0.61 during midday trading on Friday, reaching $21.85. The company’s stock had a trading volume of 2,912,400 shares, compared to its average volume of 2,221,211. Invitation Homes has a 52 week low of $20.25 and a 52 week high of $24.30. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.12. The stock has a market cap of $11.06 billion, a PE ratio of 84.04, a P/E/G ratio of 3.24 and a beta of 0.02.
The company also recently declared a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Wednesday, November 14th were issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.01%. The ex-dividend date of this dividend was Tuesday, November 13th. Invitation Homes’s dividend payout ratio (DPR) is currently 169.23%.
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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