Invitation Homes Inc. (INVH) to Issue Quarterly Dividend of $0.29 on April 17th

Invitation Homes Inc. (NYSE:INVH) 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.

Invitation Homes (NYSE:INVH) last posted its earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, meeting analysts’ consensus estimates of $0.47. The company had revenue of $659.13 million for the quarter, compared to analysts’ expectations of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. As a group, equities analysts predict that Invitation Homes will post 1.83 earnings per share for the current year.

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.

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.