Invitation Home (NYSE:INVH – Get Free Report) announced a quarterly dividend on Thursday, June 11th. Investors of record on Thursday, June 25th will be paid a dividend of 0.30 per share on Friday, July 17th. This represents a c) dividend on an annualized basis and a yield of 4.2%. The ex-dividend date of this dividend is Thursday, June 25th.
Invitation Home has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Invitation Home has a dividend 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 $1.97 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 60.9%.
Invitation Home Stock Performance
NYSE:INVH opened at $28.40 on Tuesday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.50. The firm has a 50-day moving average price of $28.42 and a two-hundred day moving average price of $27.11. Invitation Home has a twelve month low of $24.25 and a twelve month high of $34.19. The company has a market capitalization of $16.87 billion, a P/E ratio of 29.89, a price-to-earnings-growth ratio of 3.33 and a beta of 0.85.
Institutional Trading of Invitation Home
Several hedge funds and other institutional investors have recently bought and sold shares of INVH. Cromwell Holdings LLC boosted its holdings in shares of Invitation Home by 2,463.5% during the fourth quarter. Cromwell Holdings LLC now owns 1,333 shares of the company’s stock worth $37,000 after purchasing an additional 1,281 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of Invitation Home by 136,000.0% in the third quarter. Caitong International Asset Management Co. Ltd now owns 1,361 shares of the company’s stock valued at $40,000 after purchasing an additional 1,360 shares during the period. Prosperity Bancshares Inc acquired a new position in Invitation Home in the fourth quarter valued at $42,000. MUFG Securities EMEA plc purchased a new position in Invitation Home during the second quarter worth about $55,000. Finally, Avalon Trust Co purchased a new position in Invitation Home during the third quarter worth about $53,000. 96.79% of the stock is owned by hedge funds and other institutional investors.
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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