Invitation Home (NYSE:INVH) to Issue Quarterly Dividend of $0.30

Invitation Home (NYSE:INVH) announced a quarterly dividend on Friday, September 11th. Investors of record on Thursday, September 24th will be paid a dividend of 0.30 per share on Friday, October 16th. This represents a c) dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Thursday, September 24th.

Invitation Home has raised its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. Invitation Home has a payout ratio of 141.2% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Invitation Home to earn $1.98 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 60.6%.

Invitation Home Price Performance

INVH opened at $27.57 on Friday. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.44. The company’s 50-day moving average price is $29.65 and its 200 day moving average price is $28.26. Invitation Home has a fifty-two week low of $24.25 and a fifty-two week high of $30.89. The firm has a market cap of $16.28 billion, a price-to-earnings ratio of 25.29, a price-to-earnings-growth ratio of 3.92 and a beta of 0.83.

Invitation Home (NYSE:INVH) last posted its earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, beating the consensus estimate of $0.17 by $0.34. The company had revenue of $747.55 million during the quarter, compared to analyst estimates of $731.13 million. Invitation Home had a return on equity of 7.22% and a net margin of 23.13%.The business’s revenue was up 9.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 earnings per share. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. As a group, sell-side analysts expect that Invitation Home will post 1.9 earnings per share for the current year.

Institutional Trading of Invitation Home

Several institutional investors and hedge funds have recently added to or reduced their stakes in INVH. AQR Capital Management LLC boosted its stake in shares of Invitation Home by 67.4% during the 1st quarter. AQR Capital Management LLC now owns 74,426 shares of the company’s stock worth $2,589,000 after acquiring an additional 29,962 shares in the last quarter. Empowered Funds LLC lifted its holdings in shares of Invitation Home by 10.7% during the first quarter. Empowered Funds LLC now owns 13,324 shares of the company’s stock valued at $464,000 after purchasing an additional 1,290 shares during the last quarter. Sivia Capital Partners LLC acquired a new position in shares of Invitation Home in the 2nd quarter valued at $287,000. Cetera Investment Advisers increased its stake in Invitation Home by 8.5% in the 2nd quarter. Cetera Investment Advisers now owns 19,412 shares of the company’s stock worth $637,000 after purchasing an additional 1,528 shares in the last quarter. Finally, Cresset Asset Management LLC raised its holdings in Invitation Home by 5.5% during the 2nd quarter. Cresset Asset Management LLC now owns 15,646 shares of the company’s stock worth $515,000 after buying an additional 809 shares during the period. 96.79% of the stock is owned by institutional investors and hedge funds.

About Invitation Home

Invitation Homes Inc (NYSE: INVH) is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides residents with professionally managed rental homes, including leasing support, property maintenance and resident services.

Invitation Homes focuses primarily on metropolitan areas across the Sun Belt and other high-growth U.S. markets. Its portfolio includes detached homes in established neighborhoods, and the company manages the acquisition, renovation, leasing and ongoing operation of those properties.

The company was founded in 2012 and became a public company in 2017 following its merger with Starwood Waypoint Homes.