Equities research analysts expect Invitation Homes Inc (NYSE:INVH) to report earnings per share of $0.26 for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for Invitation Homes’ earnings. The highest EPS estimate is $0.28 and the lowest is $0.23. The business is scheduled to issue its next earnings report after the market closes on Thursday, May 11th.
On average, analysts expect that Invitation Homes will report full-year earnings of $0.99 per share for the current financial year, with EPS estimates ranging from $0.96 to $1.01. For the next year, analysts anticipate that the business will report earnings of $1.11 per share, with EPS estimates ranging from $1.04 to $1.14. Zacks’ EPS calculations are an average based on a survey of analysts that cover Invitation Homes.
Invitation Homes (NYSE:INVH) last released its earnings results on Thursday, May 11th. The company reported $0.25 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.27 by $0.02. The business had revenue of $238.80 million for the quarter, compared to analyst estimates of $238.10 million. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year.
A number of brokerages have recently commented on INVH. Wells Fargo & Co began coverage on Invitation Homes in a research report on Monday, February 27th. They set an “outperform” rating on the stock. Raymond James Financial, Inc. reaffirmed a “strong-buy” rating and set a $25.00 price target on shares of Invitation Homes in a research report on Tuesday, February 28th. Keefe, Bruyette & Woods began coverage on Invitation Homes in a research report on Monday, February 27th. They set a “market perform” rating and a $22.00 price target on the stock. Royal Bank of Canada reaffirmed an “outperform” rating and set a $24.00 price target (up previously from $23.00) on shares of Invitation Homes in a research report on Tuesday. Finally, FBR & Co reaffirmed a “buy” rating on shares of Invitation Homes in a research report on Saturday. Two equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.09.
Hedge funds have recently added to or reduced their stakes in the stock. FNY Partners Fund LP bought a new stake in Invitation Homes during the first quarter worth about $163,000. Salem Investment Counselors Inc. bought a new stake in Invitation Homes during the first quarter worth about $109,000. Credit Suisse AG bought a new stake in Invitation Homes during the first quarter worth about $2,938,000. Blackstone Group L.P. bought a new stake in Invitation Homes during the first quarter worth about $4,801,407,000. Finally, Highbridge Capital Management LLC bought a new stake in Invitation Homes during the first quarter worth about $16,245,000.
Invitation Homes (NYSE:INVH) opened at 21.37 on Wednesday. The stock’s market capitalization is $6.63 billion. The firm has a 50-day moving average of $21.60 and a 200-day moving average of $21.44. Invitation Homes has a 1-year low of $19.80 and a 1-year high of $22.15.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 31st. Investors of record on Monday, May 15th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, May 11th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 1.12%.
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Invitation Homes 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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