Invitation Home (NYSE:INVH – Get Free Report) announced a quarterly dividend on Friday, June 12th. Stockholders of record on Thursday, June 25th will be given a dividend of 0.30 per share on Friday, July 17th. This represents a c) dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date is Thursday, June 25th.
Invitation Home has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 1 consecutive years. Invitation Home has a dividend payout ratio of 141.2% indicating that 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 Home to earn $1.96 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 61.2%.
Invitation Home Trading Up 0.8%
Shares of NYSE:INVH traded up $0.23 during trading on Friday, reaching $29.68. The stock had a trading volume of 5,898,555 shares, compared to its average volume of 6,481,657. The firm’s fifty day moving average is $27.97 and its 200 day moving average is $27.07. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02. Invitation Home has a 52 week low of $24.25 and a 52 week high of $34.25. The stock has a market cap of $17.63 billion, a price-to-earnings ratio of 31.24, a P/E/G ratio of 3.49 and a beta of 0.85.
Wall Street Analysts Forecast Growth
A number of research analysts have weighed in on the stock. Wells Fargo & Company raised their price target on shares of Invitation Home from $28.00 to $31.00 and gave the company an “equal weight” rating in a research report on Monday, June 1st. Mizuho dropped their price target on shares of Invitation Home from $27.00 to $26.00 and set a “neutral” rating on the stock in a research report on Friday, March 13th. UBS Group dropped their price target on shares of Invitation Home from $35.00 to $32.00 and set a “buy” rating on the stock in a research report on Tuesday, May 19th. Wall Street Zen raised shares of Invitation Home from a “sell” rating to a “hold” rating in a research report on Saturday, April 25th. Finally, Oppenheimer dropped their price target on shares of Invitation Home from $38.00 to $31.00 and set an “outperform” rating on the stock in a research report on Tuesday, February 24th. Nine investment analysts have rated the stock with a Buy rating, nine have issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Invitation Home currently has an average rating of “Hold” and an average price target of $31.50.
Check Out Our Latest Analysis on INVH
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.
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