Invitation Home (NYSE:INVH) Announces $0.29 Quarterly Dividend

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) announced a quarterly dividend on Friday, September 12th, RTT News reports. Stockholders of record on Thursday, September 25th will be paid a dividend of 0.29 per share on Friday, October 17th. This represents a c) annualized dividend and a dividend yield of 3.8%.

Invitation Home has a dividend payout ratio of 136.5% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research 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 Up 2.0%

Shares of NYSE:INVH opened at $30.61 on Friday. The company has a market cap of $18.76 billion, a price-to-earnings ratio of 34.78, a PEG ratio of 3.00 and a beta of 0.82. The firm's 50-day simple moving average is $31.11 and its 200-day simple moving average is $32.71. The company has a quick ratio of 0.02, a current ratio of 0.02 and a debt-to-equity ratio of 0.47. Invitation Home has a fifty-two week low of $29.37 and a fifty-two week high of $37.24.

Invitation Home (NYSE:INVH - Get Free Report) last issued its earnings results on Wednesday, July 30th. The company reported $0.48 earnings per share for the quarter, meeting the consensus estimate of $0.48. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The business had revenue of $681.40 million for the quarter, compared to the consensus estimate of $675.01 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The business's quarterly revenue was up 4.3% compared to the same quarter last year. Invitation Home has set its FY 2025 guidance at 1.880-1.940 EPS. As a group, equities research analysts predict that Invitation Home will post 1.83 earnings per share for the current year.

Hedge Funds Weigh In On Invitation Home

Institutional investors have recently modified their holdings of the company. Toronto Dominion Bank raised its position in shares of Invitation Home by 6.6% in the fourth quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock valued at $9,794,000 after buying an additional 19,084 shares during the last quarter. GF Fund Management CO. LTD. acquired a new position in shares of Invitation Home in the fourth quarter valued at approximately $338,000. Wealth Enhancement Advisory Services LLC raised its position in shares of Invitation Home by 9.3% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 14,913 shares of the company's stock valued at $520,000 after buying an additional 1,268 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC raised its position in shares of Invitation Home by 2.4% in the first quarter. Cbre Investment Management Listed Real Assets LLC now owns 5,731,189 shares of the company's stock valued at $199,732,000 after buying an additional 134,012 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Invitation Home in the first quarter valued at approximately $329,000. Institutional investors and hedge funds own 96.79% of the company's stock.

About Invitation Home

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.

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