Invitation Home (NYSE:INVH) Announces Dividend Increase – $0.30 Per Share

Invitation Home (NYSE:INVH) declared 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) dividend on an annualized basis 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 by an average of 0.2%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Invitation Home has a dividend 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 Trading Down 1.2%

INVH stock opened at $27.07 on Friday. The firm has a fifty day moving average price of $27.91 and a 200 day moving average price of $30.02. Invitation Home has a fifty-two week low of $26.02 and a fifty-two week high of $35.80. The firm has a market cap 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. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.03 and a current ratio of 0.03.

Invitation Home (NYSE:INVH) last released its quarterly earnings data on Wednesday, October 29th. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47. The business had revenue of $688.17 million during the quarter, compared to analyst estimates of $679.41 million. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. Invitation Home’s quarterly revenue was up 4.2% compared to the same quarter last year. During the same quarter last year, the business earned $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. Sell-side analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Institutional Trading of Invitation Home

A number of hedge funds and other institutional investors have recently bought and sold shares of INVH. Harbor Capital Advisors Inc. bought a new stake in shares of Invitation Home during the second quarter worth $30,000. Hantz Financial Services Inc. increased its stake in Invitation Home by 1,695.2% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,131 shares of the company’s stock worth $33,000 after buying an additional 1,068 shares during the period. Smartleaf Asset Management LLC increased its stake in Invitation Home by 59.1% in the 3rd quarter. Smartleaf Asset Management LLC now owns 1,255 shares of the company’s stock worth $36,000 after buying an additional 466 shares during the period. GKV Capital Management Co. Inc. purchased a new stake in Invitation Home in the 1st quarter valued at about $37,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in Invitation Home by 136,000.0% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock valued at $40,000 after buying an additional 1,360 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

About Invitation Home

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.