Equities research analysts expect Invitation Homes Inc (NYSE:INVH) to report $440.33 million in sales for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Invitation Homes’ earnings. The lowest sales estimate is $434.17 million and the highest is $447.30 million. Invitation Homes reported sales of $329.95 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 33.5%. The firm is expected to issue its next earnings results on Wednesday, February 20th.
According to Zacks, analysts expect that Invitation Homes will report full-year sales of $1.73 billion for the current fiscal year, with estimates ranging from $1.70 billion to $1.75 billion. For the next fiscal year, analysts anticipate that the company will post sales of $1.81 billion, with estimates ranging from $1.76 billion to $1.85 billion. Zacks’ sales calculations are an average based on a survey of sell-side research analysts that cover Invitation Homes.
Invitation Homes (NYSE:INVH) last posted its earnings results on Monday, November 5th. The company reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. The firm had revenue of $434.20 million for the quarter, compared to analyst estimates of $436.18 million. Invitation Homes had a negative return on equity of 0.56% and a negative net margin of 4.71%. Invitation Homes’s revenue for the quarter was up 78.3% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.20 earnings per share.
Several equities analysts have issued reports on INVH shares. Raymond James raised their price objective on Invitation Homes from $26.00 to $27.00 and gave the stock a “buy” rating in a report on Tuesday, August 21st. TheStreet raised Invitation Homes from a “d+” rating to a “c” rating in a report on Tuesday. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $25.83.
In other Invitation Homes news, Director Barry S. Sternlicht sold 1,309,849 shares of the firm’s stock in a transaction dated Friday, September 14th. The stock was sold at an average price of $23.55, for a total transaction of $30,846,943.95. Following the transaction, the director now owns 5,482 shares of the company’s stock, valued at $129,101.10. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.50% of the company’s stock.
Several hedge funds have recently modified their holdings of the business. Canada Pension Plan Investment Board purchased a new position in shares of Invitation Homes during the third quarter worth about $18,014,000. Loeb Partners Corp grew its holdings in shares of Invitation Homes by 31.9% during the third quarter. Loeb Partners Corp now owns 294,210 shares of the company’s stock worth $6,737,000 after buying an additional 71,158 shares during the last quarter. FMR LLC grew its holdings in shares of Invitation Homes by 1,679.2% during the third quarter. FMR LLC now owns 2,256,047 shares of the company’s stock worth $51,686,000 after buying an additional 2,129,247 shares during the last quarter. BlackRock Inc. grew its holdings in shares of Invitation Homes by 8.4% during the third quarter. BlackRock Inc. now owns 25,275,117 shares of the company’s stock worth $579,052,000 after buying an additional 1,953,906 shares during the last quarter. Finally, Capital Growth Management LP purchased a new position in shares of Invitation Homes during the third quarter worth about $37,343,000.
Shares of INVH stock opened at $21.71 on Friday. The stock has a market cap of $10.95 billion, a price-to-earnings ratio of 83.50, a PEG ratio of 3.16 and a beta of 0.03. Invitation Homes has a 1 year low of $20.25 and a 1 year high of $24.30. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.75 and a current ratio of 0.47.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th will be issued a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Tuesday, November 13th. Invitation Homes’s payout ratio is 169.23%.
About Invitation Homes
Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.
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