$0.41 Earnings Per Share Expected for Invitation Homes Inc. (NYSE:INVH) This Quarter

Equities research analysts expect Invitation Homes Inc. (NYSE:INVHGet Rating) to announce earnings of $0.41 per share for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Invitation Homes’ earnings. The lowest EPS estimate is $0.41 and the highest is $0.42. Invitation Homes reported earnings per share of $0.37 during the same quarter last year, which indicates a positive year-over-year growth rate of 10.8%. The firm is scheduled to issue its next quarterly earnings results on Monday, January 1st.

According to Zacks, analysts expect that Invitation Homes will report full year earnings of $1.69 per share for the current year, with EPS estimates ranging from $1.67 to $1.72. For the next financial year, analysts anticipate that the business will report earnings of $1.88 per share, with EPS estimates ranging from $1.84 to $1.92. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side research analysts that cover Invitation Homes.

Invitation Homes (NYSE:INVHGet Rating) last issued its quarterly earnings data on Wednesday, April 27th. The company reported $0.15 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by ($0.25). Invitation Homes had a return on equity of 3.37% and a net margin of 14.43%. During the same quarter in the prior year, the firm earned $0.36 EPS.

A number of brokerages have recently issued reports on INVH. Mizuho reduced their target price on shares of Invitation Homes from $48.00 to $45.00 and set a “buy” rating on the stock in a research report on Wednesday, March 30th. Morgan Stanley cut their price objective on shares of Invitation Homes from $48.50 to $44.50 and set an “overweight” rating on the stock in a report on Friday, March 11th. Deutsche Bank Aktiengesellschaft cut their price objective on shares of Invitation Homes from $52.00 to $51.00 and set a “buy” rating on the stock in a report on Thursday, March 24th. BMO Capital Markets assumed coverage on shares of Invitation Homes in a report on Thursday, April 14th. They issued a “market perform” rating and a $45.00 price objective on the stock. Finally, Evercore ISI upgraded shares of Invitation Homes from an “in-line” rating to an “outperform” rating and increased their price objective for the company from $44.00 to $46.00 in a report on Wednesday, April 6th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Buy” and an average price target of $46.69.

Hedge funds have recently made changes to their positions in the business. Illinois Municipal Retirement Fund lifted its stake in shares of Invitation Homes by 217.8% during the 1st quarter. Illinois Municipal Retirement Fund now owns 275,465 shares of the company’s stock worth $11,068,000 after buying an additional 188,792 shares during the last quarter. Park Avenue Securities LLC lifted its stake in shares of Invitation Homes by 44.8% during the 1st quarter. Park Avenue Securities LLC now owns 12,754 shares of the company’s stock worth $512,000 after buying an additional 3,948 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in shares of Invitation Homes by 63.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 13,522,964 shares of the company’s stock worth $543,353,000 after buying an additional 5,268,384 shares during the last quarter. Belpointe Asset Management LLC lifted its stake in shares of Invitation Homes by 7.5% during the 1st quarter. Belpointe Asset Management LLC now owns 37,549 shares of the company’s stock worth $1,509,000 after buying an additional 2,629 shares during the last quarter. Finally, Keybank National Association OH lifted its stake in shares of Invitation Homes by 54.5% during the 1st quarter. Keybank National Association OH now owns 848,112 shares of the company’s stock worth $34,077,000 after buying an additional 299,345 shares during the last quarter. Hedge funds and other institutional investors own 93.87% of the company’s stock.

Shares of INVH stock traded down $1.38 during trading hours on Friday, reaching $39.82. 7,926,947 shares of the company were exchanged, compared to its average volume of 3,864,803. Invitation Homes has a fifty-two week low of $34.05 and a fifty-two week high of $45.80. The stock’s fifty day moving average is $40.40 and its two-hundred day moving average is $41.37. The company has a market cap of $24.22 billion, a price-to-earnings ratio of 79.64, a P/E/G ratio of 2.60 and a beta of 0.93. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.29 and a quick ratio of 0.29.

The company also recently declared a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Tuesday, May 10th will be paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a yield of 2.21%. The ex-dividend date is Monday, May 9th. Invitation Homes’s dividend payout ratio is currently 176.00%.

About Invitation Homes (Get Rating)

Invitation Homes is the nation's premier single-family home leasing 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.

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