Invitation Homes Inc (INVH) Raises Dividend to $0.11 Per Share

Invitation Homes Inc (NYSE:INVH) announced a quarterly dividend on Monday, February 5th, Wall Street Journal reports. Investors of record on Tuesday, February 13th will be paid a dividend of 0.11 per share on Wednesday, February 28th. This represents a $0.44 dividend on an annualized basis and a yield of 2.08%. The ex-dividend date of this dividend is Monday, February 12th. This is a boost from Invitation Homes’s previous quarterly dividend of $0.08.

Shares of Invitation Homes (NYSE INVH) traded down $0.88 during mid-day trading on Monday, reaching $21.19. The company had a trading volume of 3,108,992 shares, compared to its average volume of 2,699,854. The company has a debt-to-equity ratio of 1.59, a current ratio of 0.84 and a quick ratio of 0.84. Invitation Homes has a 1 year low of $20.55 and a 1 year high of $24.30.

Invitation Homes (NYSE:INVH) last announced its quarterly earnings data on Wednesday, November 8th. The company reported ($0.07) EPS for the quarter, missing the Zacks’ consensus estimate of $0.24 by ($0.31). Invitation Homes had a negative return on equity of 2.49% and a negative net margin of 9.24%. equities analysts anticipate that Invitation Homes will post 1.03 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on INVH shares. B. Riley set a $26.00 target price on Invitation Homes and gave the stock a “buy” rating in a report on Wednesday, November 15th. Deutsche Bank restated a “buy” rating and set a $26.00 target price on shares of Invitation Homes in a report on Wednesday, November 29th. JPMorgan Chase & Co. started coverage on Invitation Homes in a report on Tuesday, December 12th. They set an “overweight” rating on the stock. BTIG Research started coverage on Invitation Homes in a report on Monday, October 9th. They set a “buy” rating and a $26.00 target price on the stock. Finally, Evercore ISI set a $26.00 target price on Invitation Homes and gave the stock an “outperform” rating in a report on Monday, November 27th. Two analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. Invitation Homes has an average rating of “Buy” and an average price target of $25.06.

In other news, Director John Bartling sold 188,850 shares of Invitation Homes stock in a transaction dated Tuesday, November 28th. The stock was sold at an average price of $23.11, for a total transaction of $4,364,323.50. Following the transaction, the director now owns 482,665 shares in the company, valued at approximately $11,154,388.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

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About Invitation Homes

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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