Invitation Homes (NYSE:INVH) Updates FY 2021 Earnings Guidance

Invitation Homes (NYSE:INVH) updated its FY 2021 earnings guidance on Tuesday. The company provided earnings per share guidance of $1.380-1.460 for the period. The company issued revenue guidance of -.

A number of brokerages have recently commented on INVH. Deutsche Bank Aktiengesellschaft upped their target price on shares of Invitation Homes from $35.00 to $40.00 and gave the company a buy rating in a report on Wednesday, May 26th. Zacks Investment Research raised shares of Invitation Homes from a sell rating to a hold rating in a report on Tuesday, May 25th. Royal Bank of Canada assumed coverage on shares of Invitation Homes in a report on Tuesday, March 30th. They set an outperform rating and a $35.00 price target for the company. Credit Suisse Group increased their price target on shares of Invitation Homes from $36.00 to $41.00 and gave the stock an outperform rating in a report on Friday. Finally, B. Riley increased their price target on shares of Invitation Homes from $39.00 to $41.00 and gave the stock a buy rating in a report on Monday, May 3rd. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Buy and a consensus price target of $36.42.

Shares of INVH stock traded down $0.28 during trading hours on Friday, hitting $37.67. The company’s stock had a trading volume of 106,914 shares, compared to its average volume of 3,619,893. The stock has a fifty day moving average of $34.78. The firm has a market capitalization of $21.38 billion, a PE ratio of 105.42, a price-to-earnings-growth ratio of 7.00 and a beta of 0.84. Invitation Homes has a twelve month low of $25.96 and a twelve month high of $38.00. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.95.

Invitation Homes (NYSE:INVH) last released its quarterly earnings results on Wednesday, April 28th. The company reported $0.10 EPS for the quarter, missing the consensus estimate of $0.33 by ($0.23). The business had revenue of $475.20 million during the quarter, compared to analyst estimates of $473.21 million. Invitation Homes had a net margin of 11.01% and a return on equity of 2.40%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.34 earnings per share. On average, analysts anticipate that Invitation Homes will post 1.38 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, May 28th. Stockholders of record on Tuesday, May 11th were given a $0.17 dividend. The ex-dividend date of this dividend was Monday, May 10th. This represents a $0.68 annualized dividend and a dividend yield of 1.81%. Invitation Homes’s dividend payout ratio is presently 53.13%.

Invitation Homes Company Profile

Invitation Homes is the nation's premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, "Together with you, we make a house a home," reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.

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