Invitation Home (NYSE:INVH – Get Free Report) announced a quarterly dividend on Friday, March 13th. Investors of record on Thursday, March 26th will be given a dividend of 0.30 per share on Friday, April 17th. This represents a c) annualized dividend and a yield of 4.8%. The ex-dividend date of this dividend is Thursday, March 26th.
Invitation Home has increased its dividend by an average of 0.1%per year over the last three years and has increased 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. 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 Performance
Shares of NYSE INVH opened at $24.76 on Tuesday. The stock has a market capitalization of $15.09 billion, a P/E ratio of 25.79, a P/E/G ratio of 2.61 and a beta of 0.83. The firm’s 50-day moving average price is $26.27 and its two-hundred day moving average price is $27.52. Invitation Home has a 52-week low of $24.25 and a 52-week high of $35.80. The company has a quick ratio of 0.03, a current ratio of 0.03 and a debt-to-equity ratio of 0.44.
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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