Invitation Home (NYSE:INVH) Increases Dividend to $0.30 Per Share

Invitation Home (NYSE:INVH) announced a quarterly dividend on Friday, December 12th. Shareholders of record on Tuesday, December 23rd will be given a dividend of 0.30 per share on Friday, January 16th. This represents a c) annualized dividend and a dividend yield of 4.4%. The ex-dividend date is Tuesday, December 23rd. This is a 3.4% increase from Invitation Home’s previous quarterly dividend of $0.29.

Invitation Home has increased its dividend by an average of 0.2%annually over the last three years and has raised its dividend every year for the last 1 years. Invitation Home has a payout ratio of 141.2% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect Invitation Home to earn $1.89 per share next year, which means the company should continue to be able to cover its $1.20 annual dividend with an expected future payout ratio of 63.5%.

Invitation Home Stock Down 1.2%

INVH stock opened at $27.07 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.03 and a quick ratio of 0.03. The stock has a market capitalization of $16.59 billion, a P/E ratio of 28.49, a P/E/G ratio of 2.66 and a beta of 0.83. Invitation Home has a fifty-two week low of $26.02 and a fifty-two week high of $35.80. The business has a 50-day moving average of $27.91 and a 200-day moving average of $30.02.

Invitation Home (NYSE:INVH) last released its earnings results on Wednesday, October 29th. The company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. Invitation Home had a net margin of 21.70% and a return on equity of 6.03%. The business had revenue of $688.17 million during the quarter, compared to the consensus estimate of $679.41 million. During the same quarter last year, the firm earned $0.47 earnings per share. The firm’s revenue for the quarter was up 4.2% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.900-1.940 EPS. On average, sell-side analysts anticipate that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Invitation Home Company Profile

Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.

Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.