Invitation Homes Inc (NYSE:INVH) Expected to Post Earnings of $0.31 Per Share

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Wall Street analysts predict that Invitation Homes Inc (NYSE:INVH) will report $0.31 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Invitation Homes’ earnings. The lowest EPS estimate is $0.30 and the highest is $0.31. The firm is scheduled to announce its next quarterly earnings results on Monday, November 4th.

According to Zacks, analysts expect that Invitation Homes will report full year earnings of $1.26 per share for the current fiscal year, with EPS estimates ranging from $1.25 to $1.28. For the next financial year, analysts forecast that the company will report earnings of $1.33 per share, with EPS estimates ranging from $1.30 to $1.37. Zacks Investment Research’s EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Invitation Homes.

Invitation Homes (NYSE:INVH) last issued its earnings results on Tuesday, July 30th. The company reported $0.07 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.24). Invitation Homes had a return on equity of 1.42% and a net margin of 4.91%. The business had revenue of $442.00 million for the quarter, compared to analyst estimates of $442.81 million. During the same period last year, the business posted $0.29 EPS. Invitation Homes’s revenue was up 2.3% on a year-over-year basis.

Several research firms have commented on INVH. Keefe, Bruyette & Woods lowered Invitation Homes from an “outperform” rating to a “market perform” rating and set a $28.50 price target on the stock. in a research report on Friday, July 19th. Zacks Investment Research raised Invitation Homes from a “hold” rating to a “buy” rating and set a $31.00 price target on the stock in a research report on Wednesday, June 19th. Evercore ISI lowered Invitation Homes from an “outperform” rating to an “in-line” rating in a research report on Monday, June 10th. BTIG Research set a $27.00 price target on Invitation Homes and gave the stock a “buy” rating in a research report on Tuesday, May 14th. Finally, Raymond James lifted their price target on Invitation Homes from $27.00 to $30.00 and gave the stock a “strong-buy” rating in a research report on Wednesday, May 15th. Three analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Invitation Homes has a consensus rating of “Buy” and a consensus target price of $27.92.

INVH opened at $27.74 on Friday. The firm has a market capitalization of $14.97 billion, a price-to-earnings ratio of 120.61, a price-to-earnings-growth ratio of 3.52 and a beta of 0.42. Invitation Homes has a 52 week low of $19.21 and a 52 week high of $28.17. The stock’s 50 day moving average price is $27.43. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.34 and a current ratio of 0.34.

The company also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a dividend of $0.13 per share. The ex-dividend date is Wednesday, August 14th. This represents a $0.52 dividend on an annualized basis and a yield of 1.87%. Invitation Homes’s payout ratio is 226.09%.

In other news, major shareholder Brep Ih6 Holdings Llc sold 40,000,000 shares of the business’s stock in a transaction on Monday, June 3rd. The stock was sold at an average price of $25.21, for a total value of $1,008,400,000.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Holdings L.P. Blackstone II sold 37,500,000 shares of the business’s stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $27.43, for a total value of $1,028,625,000.00. The disclosure for this sale can be found here. 0.25% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Private Capital Group LLC increased its stake in Invitation Homes by 43.4% in the first quarter. Private Capital Group LLC now owns 1,460 shares of the company’s stock valued at $36,000 after purchasing an additional 442 shares during the last quarter. Parallel Advisors LLC increased its stake in Invitation Homes by 296.4% during the first quarter. Parallel Advisors LLC now owns 1,546 shares of the company’s stock worth $38,000 after acquiring an additional 1,156 shares during the last quarter. Penserra Capital Management LLC acquired a new stake in Invitation Homes during the first quarter worth about $59,000. NEXT Financial Group Inc increased its stake in Invitation Homes by 18.1% during the second quarter. NEXT Financial Group Inc now owns 2,919 shares of the company’s stock worth $78,000 after acquiring an additional 447 shares during the last quarter. Finally, Whittier Trust Co. acquired a new stake in Invitation Homes during the second quarter worth about $83,000.

About Invitation Homes

Invitation Homes is a leading owner and operator of single-family rental homes, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.

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