Invitation Home Announces Quarterly Dividend of $0.30 (NYSE:INVH)

Key Points

• Invitation Home declared a quarterly dividend of $0.30 per share, payable October 16 to shareholders of record on September 24. The dividend implies a 4.4% annualized yield, but the current 141.2% payout ratio exceeds earnings.
• The company reported quarterly EPS of $0.51, beating the $0.17 consensus estimate, while revenue rose 9.7% year over year to $747.55 million. Analysts expect next year’s earnings to improve dividend coverage, with an estimated payout ratio of 60.6%.
• Analyst sentiment is mixed but generally constructive: 10 analysts rate the stock Buy, 10 Hold and one Sell, producing a consensus Hold rating and a $32.53 price target versus the reported share price of $27.57.

Invitation Home (NYSE:INVH - Get Free Report) declared a quarterly dividend on Friday, September 11th. Investors of record on Thursday, September 24th will be paid a dividend of 0.30 per share on Friday, October 16th. This represents a c) annualized dividend and a yield of 4.4%. The ex-dividend date of this dividend is Thursday, September 24th.

Invitation Home has increased its dividend by an average of 0.1%annually over the last three years and has increased its dividend every year for the last 1 years. Invitation Home has a payout ratio of 141.2% indicating that 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 $1.98 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 60.6%.

Invitation Home Stock Performance

INVH stock traded up $0.01 during trading on Friday, hitting $27.57. 6,086,113 shares of the company traded hands, compared to its average volume of 3,653,846. Invitation Home has a 1 year low of $24.25 and a 1 year high of $30.89. The company has a market cap of $16.28 billion, a PE ratio of 25.29, a P/E/G ratio of 3.92 and a beta of 0.83. The stock's 50-day simple moving average is $29.65 and its 200 day simple moving average is $28.26. The company has a debt-to-equity ratio of 0.44, a current ratio of 0.02 and a quick ratio of 0.02.

Invitation Home (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping the consensus estimate of $0.17 by $0.34. The business had revenue of $747.55 million for the quarter, compared to analyst estimates of $731.13 million. Invitation Home had a return on equity of 7.22% and a net margin of 23.13%.The business's quarterly revenue was up 9.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. On average, equities analysts expect that Invitation Home will post 1.9 earnings per share for the current fiscal year.

Analyst Ratings Changes

INVH has been the subject of a number of recent analyst reports. Barclays lifted their price objective on shares of Invitation Home from $32.00 to $36.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Raymond James Financial upgraded Invitation Home from a "market perform" rating to an "outperform" rating and set a $32.00 target price on the stock in a research report on Monday, May 18th. UBS Group lifted their price target on Invitation Home from $32.00 to $35.00 and gave the company a "buy" rating in a research note on Wednesday, July 8th. Keefe, Bruyette & Woods upped their price target on Invitation Home from $29.00 to $31.00 and gave the stock a "market perform" rating in a report on Wednesday, August 5th. Finally, JPMorgan Chase & Co. upped their price target on Invitation Home from $33.00 to $34.00 and gave the stock an "overweight" rating in a report on Tuesday, August 25th. Ten equities research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $32.53.

About Invitation Home

Invitation Homes Inc NYSE: INVH is a real estate investment trust that owns, leases and operates single-family homes in the United States. The company provides residents with professionally managed rental homes, including leasing support, property maintenance and resident services.

Invitation Homes focuses primarily on metropolitan areas across the Sun Belt and other high-growth U.S. markets. Its portfolio includes detached homes in established neighborhoods, and the company manages the acquisition, renovation, leasing and ongoing operation of those properties.

The company was founded in 2012 and became a public company in 2017 following its merger with Starwood Waypoint Homes.

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