Invitation Homes Inc. (NYSE:INVH – Get Free Report) announced a quarterly dividend on Friday, March 14th, RTT News reports. Stockholders of record on Thursday, March 27th will be given a dividend of 0.29 per share on Thursday, April 17th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date is Thursday, March 27th.
Invitation Homes has raised its dividend payment by an average of 18.5% annually over the last three years. Invitation Homes has a dividend payout ratio of 148.7% indicating that 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 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 Trading Up 1.7 %
Shares of INVH stock opened at $33.46 on Friday. The company’s 50-day moving average price is $31.86 and its 200-day moving average price is $33.30. 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 stock has a market cap of $20.50 billion, a price-to-earnings ratio of 47.13, a PEG ratio of 4.70 and a beta of 1.03. Invitation Homes has a twelve month low of $30.13 and a twelve month high of $37.80.
Wall Street Analyst Weigh In
Several equities analysts have commented on INVH shares. Barclays reiterated an “overweight” rating and issued a $37.00 price target (up from $36.00) on shares of Invitation Homes in a research note on Wednesday. Jefferies Financial Group downgraded Invitation Homes from a “buy” rating to a “hold” rating and decreased their price target for the stock from $39.00 to $33.00 in a report on Thursday, January 2nd. Mizuho upgraded Invitation Homes from a “neutral” rating to an “outperform” rating and raised their price target for the company from $33.00 to $36.00 in a research report on Thursday. JMP Securities restated a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a research report on Thursday, December 12th. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a research note on Wednesday, March 5th. Ten 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.com, the stock presently has a consensus rating of “Hold” and an average target price of $37.65.
Read Our Latest Report on Invitation Homes
Invitation Homes Company Profile
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.
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