Invitation Homes (INVH) Scheduled to Post Earnings on Tuesday

Invitation Homes (NYSE:INVH) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Invitation Homes to post earnings of $0.46 per share for the quarter. Invitation Homes has set its FY24 guidance at $1.82-1.90 EPS and its FY 2024 guidance at 1.820-1.900 EPS.Individual interested in listening to the company’s earnings conference call can do so using this link.

Invitation Homes (NYSE:INVH) last released its earnings results on Tuesday, February 13th. The company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.23). The firm had revenue of $624.32 million during the quarter, compared to analyst estimates of $623.51 million. Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. 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 Stock Up 0.6 %

NYSE INVH opened at $33.78 on Tuesday. The stock has a fifty day moving average of $34.22 and a 200-day moving average of $33.37. The stock has a market capitalization of $20.69 billion, a P/E ratio of 40.21, a price-to-earnings-growth ratio of 1.99 and a beta of 0.94. Invitation Homes has a 52 week low of $28.49 and a 52 week high of $36.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.20 and a current ratio of 0.20.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Stockholders of record on Thursday, March 28th were paid a $0.28 dividend. The ex-dividend date of this dividend was Wednesday, March 27th. This represents a $1.12 annualized dividend and a dividend yield of 3.32%. Invitation Homes’s dividend payout ratio (DPR) is currently 133.33%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on INVH shares. Mizuho lifted their price objective on Invitation Homes from $35.00 to $37.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 20th. BNP Paribas started coverage on Invitation Homes in a research note on Monday, January 22nd. They set an “outperform” rating and a $39.00 price objective for the company. Evercore ISI reaffirmed an “in-line” rating and set a $36.00 price objective on shares of Invitation Homes in a research note on Monday, March 18th. Keefe, Bruyette & Woods decreased their price objective on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research note on Tuesday, February 27th. Finally, Raymond James lifted their price objective on Invitation Homes from $37.00 to $39.00 and gave the stock an “outperform” rating in a research note on Thursday, March 28th. Six analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Invitation Homes presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.19.

Insiders Place Their Bets

In other Invitation Homes news, CFO Jonathan S. Olsen sold 10,000 shares of Invitation Homes stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $34.75, for a total transaction of $347,500.00. Following the transaction, the chief financial officer now directly owns 37,037 shares in the company, valued at $1,287,035.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.28% of the company’s stock.

About Invitation Homes

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.