Invitation Homes (NYSE:INVH) Issues FY 2024 Earnings Guidance

Invitation Homes (NYSE:INVH) issued an update on its FY 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 1.860-1.900 for the period, compared to the consensus EPS estimate of 1.880. The company issued revenue guidance of -. Invitation Homes also updated its FY24 guidance to $1.86 to $1.90 EPS.

Invitation Homes Trading Up 0.1 %

Shares of NYSE INVH traded up $0.04 during midday trading on Wednesday, reaching $33.25. The company had a trading volume of 5,984,136 shares, compared to its average volume of 3,341,784. Invitation Homes has a one year low of $29.23 and a one year high of $37.80. The company has a quick ratio of 0.20, a current ratio of 0.20 and a debt-to-equity ratio of 0.54. The firm’s fifty day moving average price is $35.23 and its 200-day moving average price is $35.12. The stock has a market cap of $20.37 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 4.82 and a beta of 1.01.

Invitation Homes Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, October 18th. Stockholders of record on Thursday, September 26th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date was Thursday, September 26th. Invitation Homes’s dividend payout ratio (DPR) is presently 128.74%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on INVH. JPMorgan Chase & Co. upped their price target on Invitation Homes from $36.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, September 16th. Scotiabank lowered their price target on Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating for the company in a research report on Tuesday, September 10th. Royal Bank of Canada lowered Invitation Homes from an “outperform” rating to a “sector perform” rating and lowered their price target for the company from $37.00 to $36.00 in a research report on Monday, September 9th. The Goldman Sachs Group began coverage on Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price target for the company. Finally, Keefe, Bruyette & Woods lowered their price target on Invitation Homes from $38.00 to $37.00 and set a “market perform” rating for the company in a research report on Tuesday, July 30th. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

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.