$0.24 Earnings Per Share Expected for Invitation Home Inc. (INVH) This Quarter

Brokerages expect that Invitation Home Inc. (NYSE:INVH) will report earnings per share (EPS) of $0.24 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Invitation Home’s earnings, with estimates ranging from $0.20 to $0.26. The company is expected to report its next quarterly earnings results on Thursday, August 10th.

On average, analysts expect that Invitation Home will report full year earnings of $1.01 per share for the current fiscal year, with EPS estimates ranging from $1.00 to $1.02. For the next fiscal year, analysts forecast that the firm will report earnings of $1.12 per share, with EPS estimates ranging from $1.04 to $1.15. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Invitation Home.

Invitation Home (NYSE:INVH) last issued its earnings results on Thursday, May 11th. The company reported $0.25 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The company had revenue of $238.80 million for the quarter, compared to the consensus estimate of $238.10 million. The business’s revenue was up 6.4% on a year-over-year basis.

A number of research analysts have issued reports on INVH shares. Goldman Sachs Group, Inc. (The) started coverage on shares of Invitation Home in a research note on Monday, February 27th. They set a “neutral” rating and a $21.50 price target on the stock. Morgan Stanley started coverage on shares of Invitation Home in a research note on Monday, February 27th. They set an “overweight” rating and a $24.00 price target on the stock. JMP Securities started coverage on shares of Invitation Home in a research note on Monday, February 27th. They set an “outperform” rating and a $25.50 price target on the stock. FBR & Co started coverage on shares of Invitation Home in a research note on Monday, February 27th. They set an “outperform” rating and a $25.00 price target on the stock. Finally, Bank of America Corporation began coverage on shares of Invitation Home in a research note on Monday, February 27th. They set a “buy” rating and a $24.00 price target on the stock. Two analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $24.08.

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Shares of Invitation Home (INVH) traded down 1.07% during midday trading on Wednesday, reaching $21.23. 3,989,696 shares of the company traded hands. The company’s market capitalization is $6.59 billion. Invitation Home has a 1-year low of $19.80 and a 1-year high of $22.43. The company has a 50 day moving average price of $21.51 and a 200 day moving average price of $21.45.

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 31st. Stockholders of record on Monday, May 15th were paid a $0.06 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.13%.

Hedge funds have recently added to or reduced their stakes in the company. Public Employees Retirement System of Ohio acquired a new stake in Invitation Home during the first quarter worth $901,000. Goldman Sachs Group Inc. acquired a new stake in Invitation Home during the first quarter worth $4,483,000. FNY Partners Fund LP acquired a new stake in Invitation Home during the first quarter worth $163,000. Salem Investment Counselors Inc. acquired a new stake in Invitation Home during the first quarter worth $109,000. Finally, Credit Suisse AG acquired a new stake in Invitation Home during the first quarter worth $2,938,000.

Invitation Home Company Profile

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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