Invitation Homes Inc. (INVH) To Go Ex-Dividend on March 27th

Invitation Homes Inc. (NYSE:INVH) declared a quarterly dividend on Friday, March 14th, RTT News reports. Shareholders of record on Monday, March 17th will be given a dividend of 0.29 per share on Thursday, April 17th. This represents a $1.16 annualized dividend and a yield of 3.38%. The ex-dividend date of this dividend is Thursday, March 27th.

Invitation Homes has increased its dividend payment by an average of 18.5% annually over the last three years. Invitation Homes has a dividend payout ratio of 146.8% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities research analysts expect Invitation Homes to earn $1.89 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 61.4%.

Invitation Homes Stock Up 1.2 %

Shares of NYSE INVH opened at $34.28 on Tuesday. The company has a current ratio of 0.24, a quick ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes has a 12-month low of $30.13 and a 12-month high of $37.80. The firm’s 50-day moving average price is $32.25 and its 200-day moving average price is $33.15. The stock has a market capitalization of $21.00 billion, a price-to-earnings ratio of 48.28, a P/E/G ratio of 4.70 and a beta of 1.03.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Wednesday, February 26th. The company reported $0.47 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.47. The business had revenue of $659.13 million for 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%. On average, equities research analysts anticipate that Invitation Homes will post 1.83 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts have commented on INVH shares. Mizuho raised shares of Invitation Homes from a “neutral” rating to an “outperform” rating and lifted their price objective for the stock from $33.00 to $36.00 in a research note on Thursday, March 13th. JMP Securities restated a “market outperform” rating and issued a $40.00 target price on shares of Invitation Homes in a report on Thursday, December 12th. Deutsche Bank Aktiengesellschaft downgraded shares of 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. Keefe, Bruyette & Woods raised their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the stock a “market perform” rating in a research note on Wednesday, March 5th. Finally, Barclays restated an “overweight” rating and set a $37.00 target price (up previously from $36.00) on shares of Invitation Homes in a research report on Wednesday, March 12th. Nine investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $37.56.

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.