Invitation Home Inc. (INVH) to Issue Quarterly Dividend of $0.08
Invitation Home Inc. (NYSE:INVH) declared a quarterly dividend on Monday, October 16th, Wall Street Journal reports. Investors of record on Tuesday, October 24th will be paid a dividend of 0.08 per share on Tuesday, November 7th. This represents a $0.32 annualized dividend and a yield of 1.41%. The ex-dividend date is Monday, October 23rd.
Shares of Invitation Home (NYSE:INVH) traded up 0.04% on Monday, reaching $22.64. 1,385,492 shares of the company traded hands. The company’s market capitalization is $7.05 billion. Invitation Home has a one year low of $19.80 and a one year high of $23.56. The firm’s 50 day moving average is $22.63 and its 200 day moving average is $21.91.
Invitation Home (NYSE:INVH) last released its earnings results on Thursday, August 10th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $242.22 million during the quarter, compared to the consensus estimate of $240.58 million. The company’s revenue was up 5.1% compared to the same quarter last year. Analysts expect that Invitation Home will post ($0.10) earnings per share for the current fiscal year.
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INVH has been the topic of a number of recent analyst reports. Zelman & Associates upgraded Invitation Home from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Zacks Investment Research upgraded Invitation Home from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Wednesday, July 12th. Finally, Keefe, Bruyette & Woods upgraded Invitation Home from a “market perform” rating to an “outperform” rating and decreased their target price for the company from $23.00 to $22.00 in a research report on Monday, August 14th. Two research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $24.50.
About Invitation Home
Invitation Homes Inc is a real estate investment trust. The Company owns and operates single-family homes for lease in the United States. The Company’s segment relates to acquiring, renovating, leasing and operating single-family homes as rental properties, including single-family homes in planned unit developments.
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