Brokerages Anticipate Invitation Home Inc. (INVH) Will Post Earnings of $0.24 Per Share
Analysts expect that Invitation Home Inc. (NYSE:INVH) will post earnings of $0.24 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Invitation Home’s earnings, with the lowest EPS estimate coming in at $0.20 and the highest estimate coming in at $0.26. The firm is scheduled to issue its next quarterly earnings report on Thursday, August 10th.
On average, analysts expect that Invitation Home will report full-year earnings of $1.01 per share for the current financial year, with EPS estimates ranging from $1.00 to $1.02. For the next fiscal year, analysts expect that the company will post earnings of $1.12 per share, with EPS estimates ranging from $1.04 to $1.15. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Invitation Home.
Invitation Home (NYSE:INVH) last issued its quarterly earnings results on Thursday, May 11th. The company reported $0.25 EPS for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.02. The firm had revenue of $238.80 million for the quarter, compared to analysts’ expectations of $238.10 million. The business’s revenue for the quarter was up 6.4% on a year-over-year basis.
INVH has been the topic of a number of recent research reports. Zelman & Associates raised Invitation Home from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Royal Bank Of Canada reissued a “buy” rating and issued a $23.00 target price on shares of Invitation Home in a report on Wednesday, March 29th. Evercore ISI initiated coverage on Invitation Home in a report on Monday, June 5th. They issued an “outperform” rating and a $24.00 target price on the stock. Zacks Investment Research raised Invitation Home from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Wednesday. Finally, FBR & Co reaffirmed a “buy” rating on shares of Invitation Home in a report on Saturday, May 13th. Two investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $24.08.
Invitation Home (INVH) remained flat at $21.49 during trading on Monday. 655,044 shares of the company’s stock traded hands. Invitation Home has a one year low of $19.80 and a one year high of $22.43. The firm’s 50 day moving average is $21.52 and its 200 day moving average is $21.46. The firm’s market capitalization is $6.67 billion.
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Hedge funds and other institutional investors have recently made changes to their positions in the company. Blackstone Group L.P. acquired a new position in shares of Invitation Home during the first quarter worth $4,801,407,000. Vanguard Group Inc. acquired a new position in shares of Invitation Home during the first quarter worth $159,769,000. FMR LLC acquired a new position in shares of Invitation Home during the first quarter worth $149,699,000. APG Asset Management US Inc. acquired a new position in shares of Invitation Home during the first quarter worth $141,895,000. Finally, BlackRock Inc. acquired a new position in shares of Invitation Home during the first quarter worth $92,688,000.
About Invitation Home
Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.
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