Invitation Home (NYSE:INVH) Issues Earnings Results

Key Points

• Invitation Home reported a quarterly earnings per share (EPS) of $0.48, beating the estimated $0.47 by $0.01, with a net margin of 18.01% and a return on equity of 4.82%.
• The company declared a quarterly dividend of $0.29, equating to an annualized yield of 3.70%, though its dividend payout ratio stands at a high 150.65%.
• Analyst ratings reflect a consensus of "Moderate Buy," with target prices ranging from $36.00 to $41.00 set by various research firms.

Invitation Home (NYSE:INVH - Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.48 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.48, Zacks reports. Invitation Home had a net margin of 20.36% and a return on equity of 5.56%. The firm had revenue of $681.40 million during the quarter, compared to the consensus estimate of $675.01 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The business's revenue for the quarter was up 4.3% compared to the same quarter last year. Invitation Home updated its FY 2025 guidance to 1.880-1.940 EPS.

Invitation Home Price Performance

INVH stock traded down $0.33 during midday trading on Friday, reaching $30.32. 5,312,992 shares of the stock were exchanged, compared to its average volume of 3,188,052. Invitation Home has a 52 week low of $29.37 and a 52 week high of $37.80. The company has a fifty day moving average price of $32.75 and a 200 day moving average price of $32.88. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.01 and a quick ratio of 0.02. The stock has a market capitalization of $18.58 billion, a PE ratio of 34.45, a P/E/G ratio of 2.29 and a beta of 0.78.

Invitation Home Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, July 18th. Investors of record on Thursday, June 26th were given a dividend of $0.29 per share. The ex-dividend date was Thursday, June 26th. This represents a $1.16 dividend on an annualized basis and a yield of 3.8%. Invitation Home's payout ratio is currently 131.82%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on INVH shares. Scotiabank boosted their price target on Invitation Home from $36.00 to $38.00 and gave the company a "sector perform" rating in a research note on Monday, May 12th. Oppenheimer upped their target price on Invitation Home from $39.00 to $41.00 and gave the company an "outperform" rating in a research report on Tuesday, May 6th. Royal Bank Of Canada reduced their target price on Invitation Home from $35.00 to $34.00 and set a "sector perform" rating on the stock in a report on Friday. Keefe, Bruyette & Woods boosted their price target on Invitation Home from $36.00 to $37.00 and gave the company a "market perform" rating in a research note on Monday, May 5th. Finally, Barclays reaffirmed an "overweight" rating on shares of Invitation Home in a research report on Tuesday, July 15th. Nine investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.86.

Insider Activity at Invitation Home

In other news, CEO Dallas B. Tanner sold 148,749 shares of the business's stock in a transaction dated Friday, June 13th. The stock was sold at an average price of $33.41, for a total transaction of $4,969,704.09. Following the sale, the chief executive officer directly owned 642,973 shares in the company, valued at approximately $21,481,727.93. The trade was a 18.79% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.29% of the company's stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Invitation Home stock. AQR Capital Management LLC grew its stake in Invitation Home (NYSE:INVH - Free Report) by 67.4% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 74,426 shares of the company's stock after buying an additional 29,962 shares during the period. AQR Capital Management LLC's holdings in Invitation Home were worth $2,589,000 as of its most recent filing with the Securities and Exchange Commission. 96.79% of the stock is owned by institutional investors and hedge funds.

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.