Equities research analysts expect Invitation Homes Inc (NYSE:INVH) to post sales of $451.51 million for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Invitation Homes’ earnings, with the lowest sales estimate coming in at $451.50 million and the highest estimate coming in at $451.53 million. Invitation Homes posted sales of $435.50 million during the same quarter last year, which would indicate a positive year over year growth rate of 3.7%. The business is scheduled to report its next earnings report on Monday, May 4th.
According to Zacks, analysts expect that Invitation Homes will report full year sales of $1.85 billion for the current year, with estimates ranging from $1.79 billion to $1.98 billion. For the next year, analysts expect that the business will post sales of $1.95 billion, with estimates ranging from $1.88 billion to $2.09 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that follow Invitation Homes.
Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Tuesday, February 18th. The company reported $0.10 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.21). Invitation Homes had a return on equity of 1.78% and a net margin of 8.23%. The firm had revenue of $444.28 million for the quarter, compared to analysts’ expectations of $450.54 million. During the same period in the prior year, the firm posted $0.30 earnings per share. Invitation Homes’s revenue for the quarter was up 2.7% on a year-over-year basis.
INVH stock opened at $19.93 on Friday. Invitation Homes has a 12 month low of $15.64 and a 12 month high of $32.70. The company has a current ratio of 0.50, a quick ratio of 0.50 and a debt-to-equity ratio of 1.04. The company has a 50-day moving average price of $27.92 and a 200 day moving average price of $29.44. The stock has a market cap of $9.83 billion, a PE ratio of 73.82, a P/E/G ratio of 2.01 and a beta of 0.47.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Wednesday, February 12th were issued a $0.15 dividend. The ex-dividend date of this dividend was Tuesday, February 11th. This represents a $0.60 annualized dividend and a dividend yield of 3.01%. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.13. Invitation Homes’s payout ratio is currently 48.00%.
In other news, COO Charles D. Young sold 20,201 shares of the business’s stock in a transaction dated Tuesday, March 3rd. The shares were sold at an average price of $29.79, for a total value of $601,787.79. Following the completion of the sale, the chief operating officer now owns 190,422 shares in the company, valued at approximately $5,672,671.38. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.25% of the company’s stock.
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Nuveen Asset Management LLC raised its stake in shares of Invitation Homes by 18.1% during the 4th quarter. Nuveen Asset Management LLC now owns 8,421,548 shares of the company’s stock worth $252,393,000 after acquiring an additional 1,289,002 shares in the last quarter. Norges Bank bought a new position in shares of Invitation Homes during the 4th quarter worth approximately $127,923,000. Wealth Quarterback LLC bought a new position in shares of Invitation Homes during the 4th quarter worth approximately $76,000. Redpoint Investment Management Pty Ltd raised its stake in shares of Invitation Homes by 15.3% during the 4th quarter. Redpoint Investment Management Pty Ltd now owns 77,976 shares of the company’s stock worth $2,337,000 after acquiring an additional 10,346 shares in the last quarter. Finally, National Pension Service bought a new position in shares of Invitation Homes during the 4th quarter worth approximately $20,900,000.
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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