Invitation Homes Inc. (INVH) To Go Ex-Dividend on June 27th

Invitation Homes Inc. (NYSE:INVH) declared a quarterly dividend on Friday, June 14th, Zacks reports. Investors of record on Thursday, June 27th will be given a dividend of 0.28 per share on Friday, July 19th. This represents a $1.12 annualized dividend and a yield of 3.15%. The ex-dividend date of this dividend is Thursday, June 27th.

Invitation Homes has increased its dividend payment by an average of 30.1% per year over the last three years. Invitation Homes has a dividend payout ratio of 141.8% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Invitation Homes to earn $1.92 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 58.3%.

Invitation Homes Stock Up 1.3 %

NYSE INVH opened at $35.50 on Friday. The business has a fifty day moving average price of $34.61 and a 200 day moving average price of $34.16. Invitation Homes has a one year low of $28.49 and a one year high of $36.53. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.21 and a current ratio of 0.21. The company has a market cap of $21.75 billion, a P/E ratio of 40.80, a P/E/G ratio of 2.17 and a beta of 0.99.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Tuesday, April 30th. The company reported $0.23 EPS for the quarter, missing the consensus estimate of $0.45 by ($0.22). The firm had revenue of $646.04 million during the quarter, compared to analyst estimates of $630.97 million. Invitation Homes had a net margin of 21.75% and a return on equity of 5.29%. Research analysts anticipate that Invitation Homes will post 1.82 EPS for the current fiscal year.

Insider Activity at Invitation Homes

In related news, Director Cohen Jana Barbe sold 7,200 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $34.58, for a total transaction of $248,976.00. Following the completion of the transaction, the director now directly owns 28,068 shares in the company, valued at approximately $970,591.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Invitation Homes news, COO Charles D. Young sold 5,000 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total value of $174,250.00. Following the sale, the chief operating officer now owns 275,296 shares of the company’s stock, valued at approximately $9,594,065.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Cohen Jana Barbe sold 7,200 shares of the stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $34.58, for a total value of $248,976.00. Following the completion of the sale, the director now directly owns 28,068 shares in the company, valued at approximately $970,591.44. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts have issued reports on INVH shares. Evercore ISI restated an “in-line” rating and issued a $36.00 target price on shares of Invitation Homes in a report on Monday, March 18th. Keefe, Bruyette & Woods upped their target price on Invitation Homes from $37.00 to $38.00 and gave the company a “market perform” rating in a report on Monday, May 13th. Mizuho dropped their target price on Invitation Homes from $37.00 to $36.00 and set a “neutral” rating for the company in a report on Monday, June 3rd. Raymond James upped their target price on Invitation Homes from $37.00 to $39.00 and gave the company an “outperform” rating in a report on Thursday, March 28th. Finally, JMP Securities reiterated a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a report on Thursday, March 7th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $38.12.

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.