Invitation Home Plans Quarterly Dividend of $0.29 (NYSE:INVH)

Key Points

• Invitation Home announced a quarterly dividend of $0.29 per share, with stockholders of record set to receive it on October 17, which equates to an annualized dividend yield of 3.8%.
• The company currently has a dividend payout ratio of 136.5%, indicating that it is relying on its balance sheet to sustain dividend payments, though future earnings are expected to improve.
• Shares of Invitation Home increased by 2.0%, and the company has a market capitalization of $18.76 billion, with stock fluctuations observed between a fifty-two week low of $29.37 and a high of $37.24.

Invitation Home (NYSE:INVH - Get Free Report) declared a quarterly dividend on Friday, September 12th, RTT News reports. Shareholders of record on Thursday, September 25th will be given a dividend of 0.29 per share on Friday, October 17th. This represents a c) dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Thursday, September 25th.

Invitation Home has a payout ratio of 136.5% 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 $1.89 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 61.4%.

Invitation Home Stock Performance

Shares of NYSE INVH traded up $0.43 during midday trading on Wednesday, reaching $29.96. The company had a trading volume of 1,647,064 shares, compared to its average volume of 3,352,306. The stock has a market cap of $18.37 billion, a P/E ratio of 34.00, a P/E/G ratio of 2.96 and a beta of 0.82. Invitation Home has a 1 year low of $29.37 and a 1 year high of $36.75. The business's 50-day simple moving average is $30.95 and its 200 day simple moving average is $32.65. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.47.

Invitation Home (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, hitting analysts' consensus estimates of $0.48. The firm had revenue of $681.40 million for the quarter, compared to analyst estimates of $675.01 million. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The business's quarterly revenue was up 4.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 earnings per share. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. On average, analysts forecast that Invitation Home will post 1.83 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have recently weighed in on INVH shares. Scotiabank cut their price objective on shares of Invitation Home from $38.00 to $36.00 and set a "sector performer" rating on the stock in a research note on Thursday, August 28th. Wells Fargo & Company cut their price objective on shares of Invitation Home from $34.00 to $33.00 and set an "equal weight" rating on the stock in a research note on Wednesday, August 27th. Keefe, Bruyette & Woods cut their price objective on shares of Invitation Home from $37.00 to $33.00 and set a "market perform" rating on the stock in a research note on Wednesday, August 6th. Royal Bank Of Canada dropped their price target on shares of Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a research report on Friday, August 1st. Finally, Barclays dropped their price target on shares of Invitation Home from $40.00 to $37.00 and set an "overweight" rating on the stock in a research report on Tuesday, August 12th. Eight investment analysts have rated the stock with a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $36.47.

Invitation Home Company Profile

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.