Invitation Homes (INVH) Scheduled to Post Quarterly 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 posted its quarterly 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 company had revenue of $624.32 million for 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%. 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 Price Performance

NYSE INVH opened at $34.72 on Friday. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.53. The stock has a market capitalization of $21.27 billion, a PE ratio of 41.32, a price-to-earnings-growth ratio of 2.04 and a beta of 0.94. The company has a 50 day moving average price of $34.38 and a two-hundred day moving average price of $33.44. Invitation Homes has a 12-month low of $28.49 and a 12-month high of $36.53.

Invitation Homes Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.23%. The ex-dividend date of this dividend was Wednesday, March 27th. Invitation Homes’s dividend payout ratio (DPR) is presently 133.33%.

Analysts Set New Price Targets

A number of research firms have recently commented on INVH. Mizuho lifted their price target on shares of Invitation Homes from $35.00 to $37.00 and gave the company a “neutral” rating in a research report on Wednesday, March 20th. Evercore ISI reaffirmed an “in-line” rating and set a $36.00 target price on shares of Invitation Homes in a research report on Monday, March 18th. Jefferies Financial Group upgraded shares of Invitation Homes from a “hold” rating to a “buy” rating and lifted their price target for the stock from $33.00 to $41.00 in a research note on Tuesday, January 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 price target on shares of Invitation Homes in a research note on Thursday, February 15th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Invitation Homes from $38.00 to $37.00 and set a “market perform” rating on the stock in a research note on Tuesday, February 27th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $38.19.

Insider Buying and Selling

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $34.75, for a total transaction of $347,500.00. Following the completion of the sale, the chief financial officer now directly owns 37,037 shares of the company’s stock, valued at approximately $1,287,035.75. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.28% of the stock is owned by company insiders.

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.