Invitation Homes Inc. (NYSE:INVH) Plans $0.29 Quarterly Dividend

Invitation Homes Inc. (NYSE:INVH) announced a quarterly dividend on Friday, March 14th, RTT News reports. Stockholders of record on Monday, March 17th will be paid a dividend of 0.29 per share on Thursday, April 17th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.47%.

Invitation Homes has increased its dividend payment by an average of 18.5% per year over the last three years. Invitation Homes has a dividend payout ratio of 148.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Analysts expect Invitation Homes to earn $1.89 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 61.4%.

Invitation Homes Stock Performance

Shares of NYSE INVH opened at $33.46 on Friday. The company has a market cap of $20.50 billion, a PE ratio of 47.13, a price-to-earnings-growth ratio of 4.70 and a beta of 1.03. Invitation Homes has a 12 month low of $30.13 and a 12 month high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The company has a 50-day simple moving average of $31.83 and a 200-day simple moving average of $33.34.

Invitation Homes (NYSE:INVH) last issued its quarterly earnings results on Wednesday, February 26th. The company reported $0.47 EPS for the quarter, hitting analysts’ consensus estimates of $0.47. The business had revenue of $659.13 million during the quarter, compared to the consensus estimate of $658.71 million. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. On average, equities analysts anticipate that Invitation Homes will post 1.83 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on INVH shares. Morgan Stanley downgraded shares of Invitation Homes from an “overweight” rating to an “equal weight” rating and lowered their target price for the company from $39.00 to $35.00 in a report on Friday, January 24th. Deutsche Bank Aktiengesellschaft downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the company from $41.00 to $33.00 in a report on Tuesday, January 21st. Barclays restated an “overweight” rating and issued a $37.00 target price (up from $36.00) on shares of Invitation Homes in a report on Wednesday. Jefferies Financial Group downgraded shares of Invitation Homes from a “buy” rating to a “hold” rating and lowered their target price for the company from $39.00 to $33.00 in a report on Thursday, January 2nd. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Invitation Homes from $35.00 to $36.00 and gave the company a “market perform” rating in a report on Wednesday, March 5th. Ten analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $37.65.

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.