Invitation Homes (NYSE:INVH) Releases FY 2024 Earnings Guidance

Invitation Homes (NYSE:INVH) updated its FY 2024 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 1.820-1.900 for the period, compared to the consensus estimate of 1.870. The company issued revenue guidance of -. Invitation Homes also updated its FY24 guidance to $1.82-$1.90 EPS.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on INVH shares. Evercore ISI reissued an in-line rating and issued a $36.00 price target on shares of Invitation Homes in a report on Monday, March 18th. Deutsche Bank Aktiengesellschaft started coverage on shares of Invitation Homes in a report on Tuesday, January 30th. They issued a hold rating and a $35.00 price target for the company. Citigroup reissued a neutral rating and issued a $39.00 price target on shares of Invitation Homes in a report on Friday, March 22nd. Keefe, Bruyette & Woods cut their price target on shares of Invitation Homes from $38.00 to $37.00 and set a market perform rating for the company in a report on Tuesday, February 27th. Finally, JMP Securities reaffirmed a market outperform rating and set a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, March 7th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, Invitation Homes has a consensus rating of Moderate Buy and an average price target of $38.19.

Invitation Homes Stock Performance

Invitation Homes stock traded down $0.38 during trading hours on Tuesday, reaching $34.20. 4,314,652 shares of the company were exchanged, compared to its average volume of 3,134,835. The firm has a market cap of $20.95 billion, a price-to-earnings ratio of 40.71, a PEG ratio of 2.05 and a beta of 0.94. The company has a current ratio of 0.20, a quick ratio of 0.20 and a debt-to-equity ratio of 0.53. The stock has a 50-day moving average of $34.45 and a 200 day moving average of $33.47. Invitation Homes has a 12 month low of $28.49 and a 12 month high of $36.53.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). The company had revenue of $624.32 million during the quarter, compared to analyst estimates of $623.51 million. Invitation Homes had a return on equity of 5.06% and a net margin of 21.34%. As a group, research analysts anticipate that Invitation Homes will post 1.83 earnings per share for the current year.

Invitation Homes Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were paid a dividend of $0.28 per share. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.12 dividend on an annualized basis and a yield of 3.27%. Invitation Homes’s dividend payout ratio is currently 133.33%.

Insiders Place Their Bets

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction on Friday, March 15th. The shares were sold at an average price of $34.75, for a total transaction of $347,500.00. Following the sale, the chief financial officer now owns 37,037 shares in the company, valued at $1,287,035.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.28% of the company’s stock.

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.