Invitation Homes (INVH) to Release Earnings on Wednesday

Invitation Homes (NYSE:INVHGet Rating) will be issuing its quarterly earnings data after the market closes on Wednesday, July 27th. Analysts expect the company to announce earnings of $0.40 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

Invitation Homes (NYSE:INVHGet Rating) last issued its earnings results on Wednesday, April 27th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.23). The firm had revenue of $532.31 million during the quarter, compared to the consensus estimate of $528.97 million. Invitation Homes had a return on equity of 3.29% and a net margin of 14.43%. During the same period last year, the firm posted $0.36 earnings per share. On average, analysts expect Invitation Homes to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Invitation Homes Trading Up 0.3 %

INVH opened at $35.67 on Wednesday. The firm has a market cap of $21.77 billion, a P/E ratio of 71.34, a P/E/G ratio of 3.28 and a beta of 0.88. Invitation Homes has a 12 month low of $33.15 and a 12 month high of $45.80. The company has a current ratio of 0.22, a quick ratio of 0.22 and a debt-to-equity ratio of 0.60. The stock has a 50-day moving average of $36.10 and a 200 day moving average of $39.20.

Invitation Homes Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, May 27th. Shareholders of record on Tuesday, May 10th were given a dividend of $0.22 per share. The ex-dividend date was Monday, May 9th. This represents a $0.88 annualized dividend and a dividend yield of 2.47%. Invitation Homes’s dividend payout ratio (DPR) is presently 176.00%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Oppenheimer assumed coverage on Invitation Homes in a report on Monday. They issued a “market perform” rating and a $39.00 price target for the company. Credit Suisse Group reduced their price objective on shares of Invitation Homes from $47.00 to $40.00 and set an “outperform” rating for the company in a research note on Wednesday, June 22nd. Jefferies Financial Group reduced their price target on Invitation Homes from $44.00 to $41.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. BMO Capital Markets assumed coverage on Invitation Homes in a research report on Thursday, April 14th. They set a “market perform” rating and a $45.00 price target on the stock. Finally, Morgan Stanley reduced their price target on Invitation Homes from $42.50 to $40.50 and set an “overweight” rating on the stock in a research report on Friday, July 15th. Three research analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, Invitation Homes currently has a consensus rating of “Moderate Buy” and an average target price of $44.53.

Hedge Funds Weigh In On Invitation Homes

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Covestor Ltd raised its holdings in shares of Invitation Homes by 848.0% in the 1st quarter. Covestor Ltd now owns 2,351 shares of the company’s stock valued at $94,000 after purchasing an additional 2,103 shares in the last quarter. Centaurus Financial Inc. acquired a new stake in Invitation Homes during the 1st quarter worth $119,000. First Manhattan Co. acquired a new position in Invitation Homes in the first quarter valued at $138,000. Lazard Asset Management LLC increased its stake in Invitation Homes by 144.5% in the first quarter. Lazard Asset Management LLC now owns 4,225 shares of the company’s stock valued at $169,000 after purchasing an additional 2,497 shares during the period. Finally, Beacon Pointe Advisors LLC acquired a new position in Invitation Homes in the first quarter valued at $200,000.

Invitation Homes Company Profile

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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.

Further Reading

Earnings History for Invitation Homes (NYSE:INVH)

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