Invitation Home Inc. (NYSE:INVH) is scheduled to be announcing its earnings results after the market closes on Thursday, August 10th. Analysts expect the company to announce earnings of $0.24 per share for the quarter.
Invitation Home (NYSE:INVH) last announced its earnings results on Thursday, May 11th. The company reported $0.25 EPS for the quarter, missing the consensus estimate of $0.27 by $0.02. The company had revenue of $238.80 million during the quarter, compared to analyst estimates of $238.10 million. The company’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, analysts expect Invitation Home to post $-0.09 EPS for the current fiscal year and $0.24 EPS for the next fiscal year.
Shares of Invitation Home Inc. (INVH) opened at 20.83 on Wednesday. The stock’s market capitalization is $6.47 billion. Invitation Home Inc. has a one year low of $19.80 and a one year high of $22.43. The company’s 50 day moving average price is $21.48 and its 200 day moving average price is $21.46.
The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.54%. The ex-dividend date is Friday, August 11th. This is an increase from Invitation Home’s previous quarterly dividend of $0.06.
INVH has been the subject of several recent analyst reports. FBR & Co reiterated a “buy” rating on shares of Invitation Home in a research note on Saturday, May 13th. Royal Bank Of Canada reiterated an “outperform” rating and set a $24.00 price target (up previously from $23.00) on shares of Invitation Home in a research note on Tuesday, May 16th. Evercore ISI initiated coverage on Invitation Home in a research note on Monday, June 5th. They set an “outperform” rating and a $24.00 price target for the company. Zelman & Associates upgraded Invitation Home from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. Finally, Zacks Investment Research upgraded Invitation Home from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Wednesday, July 12th. Three research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. Invitation Home presently has an average rating of “Buy” and a consensus target price of $24.08.
Invitation Home Company Profile
Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.
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