Invitation Home (INVH) to Issue Quarterly Dividend of $0.30 on October 16th

Invitation Home (NYSE:INVH) declared a quarterly dividend on Friday, September 11th. Investors of record on Thursday, September 24th will be given a dividend of 0.30 per share on Friday, October 16th. This represents a c) dividend on an annualized basis and a yield of 4.4%. The ex-dividend date is Thursday, September 24th.

Invitation Home has raised its dividend payment by an average of 0.1%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% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Invitation Home to earn $1.98 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 60.6%.

Invitation Home Price Performance

Shares of Invitation Home stock opened at $27.57 on Friday. Invitation Home has a 52 week low of $24.25 and a 52 week high of $30.89. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.44. The stock has a market cap of $16.28 billion, a PE ratio of 25.29, a price-to-earnings-growth ratio of 3.92 and a beta of 0.83. The company’s 50-day moving average price is $29.65 and its two-hundred day moving average price is $28.26.

Invitation Home (NYSE:INVH) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.34. The company had revenue of $747.55 million during the quarter, compared to analyst estimates of $731.13 million. Invitation Home had a net margin of 23.13% and a return on equity of 7.22%. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. As a group, sell-side analysts anticipate that Invitation Home will post 1.9 EPS for the current fiscal year.

Institutional Investors Weigh In On Invitation Home

Hedge funds have recently made changes to their positions in the company. BlackRock Inc. purchased a new position in Invitation Home during the 2nd quarter worth approximately $1,866,973,000. Norges Bank purchased a new stake in shares of Invitation Home in the fourth quarter valued at $1,438,952,000. State Street Corp boosted its position in shares of Invitation Home by 1.3% in the third quarter. State Street Corp now owns 36,621,403 shares of the company’s stock worth $1,084,514,000 after buying an additional 462,379 shares during the period. California State Teachers Retirement System boosted its position in shares of Invitation Home by 2,442.8% in the second quarter. California State Teachers Retirement System now owns 28,526,729 shares of the company’s stock worth $944,281,000 after buying an additional 27,404,868 shares during the period. Finally, Geode Capital Management LLC boosted its position in shares of Invitation Home by 1.2% in the fourth quarter. Geode Capital Management LLC now owns 16,934,620 shares of the company’s stock worth $468,997,000 after buying an additional 203,474 shares during the period. Hedge funds and other institutional investors own 96.79% of the company’s stock.

About Invitation Home

Invitation Homes Inc (NYSE: INVH) is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides residents with professionally managed rental homes, including leasing support, property maintenance and resident services.

Invitation Homes focuses primarily on metropolitan areas across the Sun Belt and other high-growth U.S. markets. Its portfolio includes detached homes in established neighborhoods, and the company manages the acquisition, renovation, leasing and ongoing operation of those properties.

The company was founded in 2012 and became a public company in 2017 following its merger with Starwood Waypoint Homes.