Invitation Home (NYSE:INVH – Get Free Report) declared a quarterly dividend on Friday, June 12th. Investors of record on Thursday, June 25th will be paid a dividend of 0.30 per share on Friday, July 17th. This represents a c) annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Thursday, June 25th.
Invitation Home has raised its dividend by an average of 0.1%annually over the last three years and has raised its dividend annually for the last 1 consecutive years. Invitation Home has a 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. Equities analysts expect Invitation Home to earn $1.96 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 61.2%.
Invitation Home Price Performance
Invitation Home stock traded up $0.23 during mid-day trading on Friday, hitting $29.68. 5,898,555 shares of the company traded hands, compared to its average volume of 6,481,657. Invitation Home has a one year low of $24.25 and a one year high of $34.25. The stock has a market cap of $17.63 billion, a price-to-earnings ratio of 31.24, a price-to-earnings-growth ratio of 3.49 and a beta of 0.85. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02. The stock has a fifty day moving average price of $27.97 and a 200-day moving average price of $27.07.
Invitation Home Company Profile
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.
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