Invitation Homes Inc (INVH) Plans $0.11 Quarterly Dividend

Invitation Homes Inc (NYSE:INVH) declared a quarterly dividend on Friday, November 2nd, NASDAQ reports. Stockholders of record on Wednesday, November 14th will be given a dividend of 0.11 per share on Friday, November 30th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Tuesday, November 13th.

Shares of INVH stock opened at $21.32 on Thursday. The company has a current ratio of 0.47, a quick ratio of 0.75 and a debt-to-equity ratio of 1.12. Invitation Homes has a 52-week low of $20.25 and a 52-week high of $24.30. The firm has a market capitalization of $10.95 billion, a P/E ratio of 82.00, a price-to-earnings-growth ratio of 3.16 and a beta of 0.03.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings data on Monday, November 5th. The company reported $0.29 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 company had revenue of $434.20 million for the quarter, compared to the consensus estimate of $436.18 million. During the same quarter last year, the business posted $0.20 earnings per share. The firm’s revenue was up 78.3% compared to the same quarter last year. On average, analysts predict that Invitation Homes will post 1.18 EPS for the current year.

INVH has been the topic of a number of recent analyst reports. Raymond James increased their price objective on Invitation Homes from $26.00 to $27.00 and gave the stock a “buy” rating in a research report on Tuesday, August 21st. TheStreet upgraded Invitation Homes from a “d+” rating to a “c” rating in a research report on Tuesday. Two investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price 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 sale, the director now owns 5,482 shares in the company, valued at $129,101.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.50% of the company’s stock.

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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.

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Dividend History for Invitation Homes (NYSE:INVH)

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