Invitation Homes (NYSE:INVH) Posts Quarterly Earnings Results, Hits Expectations

Invitation Homes (NYSE:INVH - Get Free Report) announced its quarterly earnings data on Wednesday. The company reported $0.47 earnings per share for the quarter, hitting the consensus estimate of $0.47, Zacks reports. The firm had revenue of $659.13 million during the quarter, compared to analysts' expectations of $658.71 million. Invitation Homes had a return on equity of 4.36% and a net margin of 17.02%. Invitation Homes updated its FY 2025 guidance to 1.880-1.940 EPS.

Invitation Homes Stock Performance

Shares of INVH traded up $0.70 during midday trading on Friday, reaching $34.02. 6,897,460 shares of the stock were exchanged, compared to its average volume of 2,958,112. Invitation Homes has a twelve month low of $30.13 and a twelve month high of $37.80. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. The company has a market cap of $20.84 billion, a P/E ratio of 47.91, a PEG ratio of 4.70 and a beta of 1.04. The stock's 50 day simple moving average is $31.52 and its 200 day simple moving average is $33.43.

Invitation Homes Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 17th. Stockholders of record on Thursday, December 26th were issued a dividend of $0.29 per share. The ex-dividend date was Thursday, December 26th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.41%. This is an increase from Invitation Homes's previous quarterly dividend of $0.28. Invitation Homes's dividend payout ratio (DPR) is currently 158.90%.

Wall Street Analysts Forecast Growth

INVH has been the subject of several recent research reports. JMP Securities reissued a "market outperform" rating and set a $40.00 price objective on shares of Invitation Homes in a report on Thursday, December 12th. Morgan Stanley cut Invitation Homes from an "overweight" rating to an "equal weight" rating and lowered their price target for the company from $39.00 to $35.00 in a research note on Friday, January 24th. Jefferies Financial Group cut Invitation Homes from a "buy" rating to a "hold" rating and lowered their price target for the company from $39.00 to $33.00 in a research note on Thursday, January 2nd. Barclays lowered their price target on Invitation Homes from $38.00 to $36.00 and set an "overweight" rating for the company in a research note on Friday, January 24th. Finally, Keefe, Bruyette & Woods lowered their price target on Invitation Homes from $37.00 to $35.00 and set a "market perform" rating for the company in a research note on Wednesday, November 6th. Eleven research analysts have rated the stock with a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $37.47.

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management 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.