Invitation Homes Inc. (NYSE:INVH) to Issue Quarterly Dividend of $0.29

Invitation Homes Inc. (NYSE:INVH) announced a quarterly dividend on Friday, March 14th, RTT News reports. Investors of record on Monday, March 17th will be paid a dividend of 0.29 per share on Thursday, April 17th. This represents a $1.16 dividend on an annualized basis 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 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 Performance

INVH stock opened at $34.28 on Tuesday. Invitation Homes has a one year low of $30.13 and a one year high of $37.80. The firm has a market cap of $21.00 billion, a price-to-earnings ratio of 48.28, a PEG ratio of 4.70 and a beta of 1.03. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.24 and a current ratio of 0.24. The firm has a 50-day simple moving average of $32.25 and a two-hundred day simple moving average of $33.15.

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. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The company had revenue of $659.13 million during the quarter, compared to analysts’ expectations of $658.71 million. On average, equities analysts forecast that Invitation Homes will post 1.83 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Jefferies Financial Group lowered Invitation Homes from a “buy” rating to a “hold” rating and reduced their target price for the company from $39.00 to $33.00 in a research report on Thursday, January 2nd. Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $39.00 to $35.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft cut shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the stock from $41.00 to $33.00 in a research note on Tuesday, January 21st. Keefe, Bruyette & Woods upped their price target 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. Finally, Barclays reaffirmed an “overweight” rating and issued a $37.00 price target (up previously from $36.00) on shares of Invitation Homes in a report on Wednesday, March 12th. Nine equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $37.56.

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.