Wall Street brokerages expect Invitation Homes Inc (NYSE:INVH) to report $0.30 earnings per share (EPS) for the current quarter, according to Zacks. Six analysts have issued estimates for Invitation Homes’ earnings, with the lowest EPS estimate coming in at $0.30 and the highest estimate coming in at $0.31. Invitation Homes reported earnings of ($0.11) per share during the same quarter last year, which indicates a positive year over year growth rate of 372.7%. The firm is expected to report its next earnings results on Wednesday, February 20th.

On average, analysts expect that Invitation Homes will report full year earnings of $1.17 per share for the current fiscal year, with EPS estimates ranging from $1.17 to $1.18. For the next year, analysts expect that the firm will post earnings of $1.24 per share, with EPS estimates ranging from $1.20 to $1.26. Zacks’ EPS calculations are an average based on a survey of research analysts that that provide coverage for Invitation Homes.

Invitation Homes (NYSE:INVH) last announced its earnings results on Monday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Invitation Homes had a negative net margin of 4.71% and a negative return on equity of 0.56%. The business had revenue of $434.20 million during the quarter, compared to analyst estimates of $436.18 million. During the same period in the previous year, the business posted $0.20 earnings per share. Invitation Homes’s revenue for the quarter was up 78.3% on a year-over-year basis.

A number of brokerages have recently weighed in on INVH. Zacks Investment Research upgraded shares of Invitation Homes from a “sell” rating to a “hold” rating in a report on Thursday. Mizuho lowered shares of Invitation Homes from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $25.00 to $23.00 in a report on Wednesday, November 14th. Finally, TheStreet upgraded shares of Invitation Homes from a “d+” rating to a “c” rating in a report on Tuesday, November 6th. Three research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.25.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bank of Montreal Can increased its stake in shares of Invitation Homes by 338.8% in the third quarter. Bank of Montreal Can now owns 4,555 shares of the company’s stock worth $104,000 after buying an additional 3,517 shares during the period. Capital Guardian Trust Co. purchased a new position in shares of Invitation Homes in the third quarter worth $109,000. Virtu Financial LLC purchased a new position in shares of Invitation Homes in the third quarter worth $201,000. Signition LP purchased a new position in shares of Invitation Homes in the third quarter worth $203,000. Finally, IFM Investors Pty Ltd purchased a new position in shares of Invitation Homes in the third quarter worth $266,000.

Invitation Homes stock traded up $0.03 during mid-day trading on Wednesday, hitting $21.25. 4,815,242 shares of the company traded hands, compared to its average volume of 2,354,186. Invitation Homes has a one year low of $19.21 and a one year high of $23.97. The firm has a market cap of $11.06 billion, a PE ratio of 81.73, a PEG ratio of 3.17 and a beta of 0.27. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.47 and a quick ratio of 0.47.

About Invitation Homes

Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

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