Wall Street analysts expect that Invitation Homes Inc (NYSE:INVH) will announce earnings per share (EPS) of $0.31 for the current quarter, Zacks Investment Research reports. Six analysts have provided estimates for Invitation Homes’ earnings, with the highest EPS estimate coming in at $0.32 and the lowest estimate coming in at $0.30. Invitation Homes posted earnings per share of ($0.11) during the same quarter last year, which indicates a positive year-over-year growth rate of 381.8%. The company is scheduled to report its next quarterly earnings results on Wednesday, February 20th.
On average, analysts expect that Invitation Homes will report full-year earnings of $1.18 per share for the current fiscal year, with EPS estimates ranging from $1.16 to $1.18. For the next financial year, analysts anticipate that the business will report earnings of $1.27 per share, with EPS estimates ranging from $1.22 to $1.30. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of analysts that follow Invitation Homes.
Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Monday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.29. Invitation Homes had a negative net margin of 4.71% and a negative return on equity of 0.56%. The company had revenue of $434.20 million during the quarter, compared to the consensus estimate of $436.18 million. During the same quarter in the prior year, the firm posted $0.20 earnings per share. Invitation Homes’s revenue for the quarter was up 78.3% on a year-over-year basis.
In other news, Director Barry S. Sternlicht sold 1,309,849 shares of the stock in a transaction dated Friday, September 14th. The shares were sold at an average price of $23.55, for a total transaction of $30,846,943.95. Following the completion of the sale, the director now owns 5,482 shares in the company, valued at $129,101.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.50% of the stock is currently owned by corporate insiders.
Several institutional investors and hedge funds have recently made changes to their positions in INVH. Daiwa Securities Group Inc. boosted its stake in shares of Invitation Homes by 34.6% during the third quarter. Daiwa Securities Group Inc. now owns 10,095,740 shares of the company’s stock worth $231,294,000 after buying an additional 2,594,695 shares during the period. Principal Financial Group Inc. boosted its stake in shares of Invitation Homes by 5.2% during the first quarter. Principal Financial Group Inc. now owns 22,203,550 shares of the company’s stock worth $506,907,000 after buying an additional 1,099,007 shares during the period. Security Capital Research & Management Inc. boosted its stake in shares of Invitation Homes by 86.1% during the second quarter. Security Capital Research & Management Inc. now owns 2,116,200 shares of the company’s stock worth $48,800,000 after buying an additional 979,150 shares during the period. Citadel Advisors LLC boosted its stake in shares of Invitation Homes by 283.0% during the second quarter. Citadel Advisors LLC now owns 1,072,944 shares of the company’s stock worth $24,742,000 after buying an additional 792,832 shares during the period. Finally, Cbre Clarion Securities LLC boosted its stake in shares of Invitation Homes by 5.8% during the second quarter. Cbre Clarion Securities LLC now owns 12,378,674 shares of the company’s stock worth $285,452,000 after buying an additional 682,379 shares during the period.
NYSE INVH opened at $21.32 on Thursday. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.47 and a quick ratio of 0.75. Invitation Homes has a 1 year low of $20.25 and a 1 year high of $24.30. The firm has a market capitalization of $10.95 billion, a price-to-earnings ratio of 82.00, a P/E/G ratio of 3.16 and a beta of 0.03.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 30th. Shareholders of record on Wednesday, November 14th will be paid a $0.11 dividend. The ex-dividend date is Tuesday, November 13th. This represents a $0.44 annualized dividend and a yield of 2.06%. Invitation Homes’s dividend payout ratio is presently 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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