Invitation Homes (INVH) to Release Earnings on Tuesday

Invitation Homes (NYSE:INVH) will be announcing its earnings results after the market closes on Tuesday, April 30th. Analysts expect the company to announce earnings of $0.46 per share for the quarter. Invitation Homes has set its FY24 guidance at $1.82-1.90 EPS and its FY 2024 guidance at 1.820-1.900 EPS.Parties that are interested in participating in the company’s conference call can do so using this link.

Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Tuesday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by ($0.23). Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. The company had revenue of $624.32 million for the quarter, compared to the consensus estimate of $623.51 million. On average, analysts expect Invitation Homes to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Invitation Homes Price Performance

Shares of NYSE:INVH opened at $34.72 on Monday. The company has a debt-to-equity ratio of 0.53, a quick ratio of 0.20 and a current ratio of 0.20. The firm has a market cap of $21.27 billion, a price-to-earnings ratio of 41.33, a P/E/G ratio of 2.05 and a beta of 0.94. The firm has a fifty day moving average price of $34.38 and a 200 day moving average price of $33.45. Invitation Homes has a fifty-two week low of $28.49 and a fifty-two week high of $36.53.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, April 19th. Investors of record on Thursday, March 28th were given a $0.28 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.12 dividend on an annualized basis and a dividend yield of 3.23%. Invitation Homes’s dividend payout ratio is currently 133.33%.

Wall Street Analyst Weigh In

A number of brokerages recently commented on INVH. Jefferies Financial Group raised shares of Invitation Homes from a “hold” rating to a “buy” rating and increased their price target for the company from $33.00 to $41.00 in a report on Tuesday, January 2nd. Royal Bank of Canada reiterated an “outperform” rating and set a $36.00 target price on shares of Invitation Homes in a report on Thursday, February 15th. Oppenheimer upped their price objective on Invitation Homes from $35.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. KeyCorp lifted their price target on shares of Invitation Homes from $35.00 to $38.00 and gave the stock an “overweight” rating in a report on Friday, January 5th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday, March 7th. Six research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.19.

Insiders Place Their Bets

In related news, CFO Jonathan S. Olsen sold 10,000 shares of the stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.75, for a total value of $347,500.00. Following the transaction, the chief financial officer now owns 37,037 shares of the company’s stock, valued at $1,287,035.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.28% of the stock is owned by company 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.