Wall Street brokerages expect Invitation Homes Inc (NYSE:INVH) to announce $439.73 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Invitation Homes’ earnings, with estimates ranging from $433.07 million to $445.59 million. Invitation Homes posted sales of $329.95 million during the same quarter last year, which suggests a positive year over year growth rate of 33.3%. The business is expected to announce its next quarterly earnings results on Wednesday, February 20th.
On average, analysts expect that Invitation Homes will report full year sales of $1.73 billion for the current fiscal year, with estimates ranging from $1.72 billion to $1.74 billion. For the next year, analysts anticipate that the business will report sales of $1.81 billion, with estimates ranging from $1.77 billion to $1.84 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side research analysts that follow Invitation Homes.
Invitation Homes (NYSE:INVH) last posted its quarterly earnings results on Monday, November 5th. The company reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. Invitation Homes had a negative return on equity of 0.56% and a negative net margin of 4.71%. The business had revenue of $434.20 million during the quarter, compared to the consensus estimate of $436.18 million. During the same period in the prior year, the company posted $0.20 EPS. The firm’s revenue for the quarter was up 78.3% compared to the same quarter last year.
Several research firms have weighed in on INVH. Zacks Investment Research upgraded Invitation Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, November 21st. Mizuho downgraded Invitation Homes from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $25.00 to $23.00 in a research note on Wednesday, November 14th. TheStreet upgraded Invitation Homes from a “d+” rating to a “c” rating in a research note on Tuesday, November 6th. Finally, Raymond James upped their price target on Invitation Homes from $26.00 to $27.00 and gave the stock a “buy” rating in a research note on Tuesday, August 21st. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $25.50.
INVH stock opened at $21.46 on Monday. Invitation Homes has a 1-year low of $20.25 and a 1-year high of $24.30. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $11.17 billion, a price-to-earnings ratio of 82.54, a price-to-earnings-growth ratio of 3.27 and a beta of 0.03.
The company also recently announced a quarterly dividend, which was paid on Friday, November 30th. Stockholders of record on Wednesday, November 14th were given a dividend of $0.11 per share. The ex-dividend date of this dividend was Tuesday, November 13th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.05%. Invitation Homes’s dividend payout ratio is currently 169.23%.
In other news, Director Barry S. Sternlicht sold 1,309,849 shares of the stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 5,482 shares in the company, valued at approximately $129,101.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.50% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Bank of Montreal Can lifted its position in Invitation Homes by 338.8% in the third quarter. Bank of Montreal Can now owns 4,555 shares of the company’s stock worth $104,000 after buying an additional 3,517 shares during the last quarter. Capital Guardian Trust Co. bought a new stake in Invitation Homes in the third quarter worth $109,000. Point72 Hong Kong Ltd bought a new stake in Invitation Homes in the second quarter worth $175,000. Virtu Financial LLC bought a new stake in Invitation Homes in the third quarter worth $201,000. Finally, Signition LP bought a new stake in Invitation Homes in the third quarter worth $203,000.
Invitation Homes Company Profile
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.
Read More: How to read a candlestick chart
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Invitation Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Homes and related companies with MarketBeat.com's FREE daily email newsletter.