Invitation Homes (NYSE:INVH) Posts Quarterly Earnings Results, Hits Expectations

Invitation Homes (NYSE:INVH) released its quarterly earnings data on Wednesday. The company reported $0.47 EPS for the quarter, meeting the consensus estimate of $0.47, Zacks reports. The company had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Invitation Homes updated its FY 2025 guidance to 1.880-1.940 EPS.

Invitation Homes Price Performance

Invitation Homes stock traded up $1.19 during midday trading on Friday, reaching $34.51. The company’s stock had a trading volume of 782,862 shares, compared to its average volume of 2,790,788. Invitation Homes has a 52 week low of $30.13 and a 52 week high of $37.80. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. The business has a 50-day moving average price of $31.45 and a 200-day moving average price of $33.45. The stock has a market cap of $21.14 billion, a PE ratio of 48.46, a price-to-earnings-growth ratio of 4.70 and a beta of 1.04.

Invitation Homes Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, January 17th. Shareholders of record on Thursday, December 26th were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 3.36%. The ex-dividend date of this dividend was Thursday, December 26th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.28. Invitation Homes’s payout ratio is currently 158.90%.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Morgan Stanley downgraded Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $39.00 to $35.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded Invitation Homes from a “buy” rating to a “hold” rating and cut their price target for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. JMP Securities reaffirmed a “market outperform” rating and set a $40.00 price target on shares of Invitation Homes in a report on Thursday, December 12th. Royal Bank of Canada cut their price target on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating for the company in a report on Friday, November 1st. Finally, Keefe, Bruyette & Woods cut their price target on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Eleven analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $37.47.

About Invitation Homes

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.