Invitation Home (INVH) to Issue Quarterly Dividend of $0.30 on January 16th

by · The Markets Daily

Invitation Home (NYSE:INVH – Get Free Report) announced a quarterly dividend on Friday, December 12th. Stockholders of record on Tuesday, December 23rd will be given a dividend of 0.30 per share on Friday, January 16th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date of this dividend is Tuesday, December 23rd. This is a 3.4% increase from Invitation Home’s previous quarterly dividend of $0.29.

Invitation Home has raised its dividend payment by an average of 0.2%per year over the last three years and has raised its dividend every year for the last 1 years. Invitation Home has a payout ratio of 141.2% meaning 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 Home to earn $1.89 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 63.5%.

Invitation Home Price Performance

NYSE:INVH opened at $27.07 on Friday. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.42. Invitation Home has a 52 week low of $26.02 and a 52 week high of $35.80. The stock’s 50-day moving average price is $27.91 and its 200-day moving average price is $30.02. The stock has a market capitalization of $16.59 billion, a PE ratio of 28.49, a price-to-earnings-growth ratio of 2.66 and a beta of 0.83.

Invitation Home (NYSE:INVH – Get Free Report) last released its quarterly earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Invitation Home had a return on equity of 6.03% and a net margin of 21.70%.The company had revenue of $688.17 million during the quarter, compared to analysts’ expectations of $679.41 million. During the same quarter in the prior year, the firm posted $0.47 EPS. Invitation Home’s quarterly revenue was up 4.2% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. As a group, equities analysts expect that Invitation Home will post 1.83 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on INVH. Evercore ISI decreased their target price on Invitation Home from $34.00 to $33.00 and set an “outperform” rating on the stock in a research report on Friday, October 31st. Mizuho reduced their price objective on shares of Invitation Home from $32.00 to $30.00 and set an “outperform” rating for the company in a research report on Tuesday, October 21st. Barclays dropped their target price on shares of Invitation Home from $37.00 to $34.00 and set an “overweight” rating on the stock in a research report on Tuesday, November 25th. Scotiabank reduced their price target on shares of Invitation Home from $36.00 to $31.00 and set a “sector perform” rating for the company in a research report on Monday, November 10th. Finally, Oppenheimer set a $38.00 price target on shares of Invitation Home and gave the company an “outperform” rating in a research note on Tuesday, November 4th. Eight analysts have rated the stock with a Buy rating and nine have given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $34.59.

View Our Latest Report on Invitation Home

Invitation Home Company Profile

(Get Free Report)

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.

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