Invitation Homes (NYSE:INVH – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of 1.840-1.900 for the period, compared to the consensus estimate of 1.880. The company issued revenue guidance of -. Invitation Homes also updated its FY24 guidance to $1.84-$1.90 EPS.
Invitation Homes Price Performance
Shares of NYSE:INVH traded down $0.52 during mid-day trading on Wednesday, reaching $35.97. The stock had a trading volume of 3,502,988 shares, compared to its average volume of 3,143,238. The company has a market cap of $22.03 billion, a P/E ratio of 42.05, a price-to-earnings-growth ratio of 2.23 and a beta of 0.99. The business’s 50 day moving average price is $35.37 and its 200 day moving average price is $34.51. The company has a current ratio of 0.21, a quick ratio of 0.21 and a debt-to-equity ratio of 0.53. Invitation Homes has a 1 year low of $28.49 and a 1 year high of $36.92.
Invitation Homes (NYSE:INVH – Get Free Report) last issued its quarterly earnings data on Tuesday, April 30th. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.45 by ($0.22). Invitation Homes had a return on equity of 5.29% and a net margin of 21.75%. The firm had revenue of $646.04 million for the quarter, compared to analysts’ expectations of $630.97 million. Research analysts expect that Invitation Homes will post 1.83 EPS for the current fiscal year.
Invitation Homes Announces Dividend
Wall Street Analyst Weigh In
INVH has been the subject of several recent research reports. Deutsche Bank Aktiengesellschaft upgraded Invitation Homes from a hold rating to a buy rating and lifted their price target for the stock from $35.00 to $41.00 in a research report on Wednesday. Raymond James lifted their target price on Invitation Homes from $37.00 to $39.00 and gave the stock an outperform rating in a report on Thursday, March 28th. Keefe, Bruyette & Woods reiterated a market perform rating and set a $38.00 price objective on shares of Invitation Homes in a research report on Monday, June 17th. Scotiabank raised their target price on shares of Invitation Homes from $36.00 to $38.00 and gave the stock a sector perform rating in a report on Thursday, May 16th. Finally, JPMorgan Chase & Co. upped their price target on shares of Invitation Homes from $35.00 to $36.00 and gave the company a neutral rating in a report on Monday, June 17th. Seven investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Moderate Buy and an average price target of $38.39.
Get Our Latest Stock Analysis on Invitation Homes
Insider Activity at Invitation Homes
In other Invitation Homes 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 value of $248,976.00. Following the completion of the sale, the director now owns 28,068 shares of the company’s stock, valued at $970,591.44. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Invitation Homes news, Director Cohen Jana Barbe sold 7,200 shares of the firm’s stock in a transaction that occurred on Friday, May 24th. The shares were 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 of the company’s stock, valued at approximately $970,591.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, COO Charles D. Young sold 5,000 shares of the stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $34.85, for a total transaction of $174,250.00. Following the completion of the sale, the chief operating officer now owns 275,296 shares in the company, valued at approximately $9,594,065.60. The disclosure for this sale can be found here. 0.28% of the stock is currently owned by corporate 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.
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