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

Invitation Homes (NYSE:INVH) released its quarterly earnings results on Wednesday. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47, Zacks reports. The company had revenue of $659.13 million for the quarter, compared to analysts’ expectations 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 Stock Up 3.6 %

Shares of NYSE INVH traded up $1.19 during midday trading on Friday, hitting $34.51. 782,862 shares of the stock traded hands, compared to its average volume of 2,790,788. The company has a market cap of $21.14 billion, a PE ratio of 48.46, a P/E/G ratio of 4.70 and a beta of 1.04. Invitation Homes has a one year low of $30.13 and a one year high of $37.80. The business has a 50 day moving average price of $31.45 and a two-hundred day moving average price of $33.45. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24.

Invitation Homes Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were issued a dividend of $0.29 per share. This is an increase from Invitation Homes’s previous quarterly dividend of $0.28. The ex-dividend date was Thursday, December 26th. This represents a $1.16 annualized dividend and a dividend yield of 3.36%. Invitation Homes’s payout ratio is currently 158.90%.

Analysts Set New Price Targets

INVH has been the topic of several research reports. Deutsche Bank Aktiengesellschaft cut Invitation Homes from a “buy” rating to a “hold” rating and reduced their price target for the stock from $41.00 to $33.00 in a report on Tuesday, January 21st. Barclays reduced their price target on Invitation Homes from $38.00 to $36.00 and set an “overweight” rating on the stock in a report on Friday, January 24th. Keefe, Bruyette & Woods cut their price objective on Invitation Homes from $37.00 to $35.00 and set a “market perform” rating on the stock in a research note on Wednesday, November 6th. Royal Bank of Canada cut their price objective on Invitation Homes from $36.00 to $34.00 and set a “sector perform” rating on the stock in a research note on Friday, November 1st. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price objective on shares of Invitation Homes in a research note on Thursday, December 12th. Eleven equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price 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.