Invitation Homes (NYSE:INVH) Updates FY 2022 Earnings Guidance

Invitation Homes (NYSE:INVHGet Rating) issued an update on its FY 2022 earnings guidance on Thursday morning. The company provided earnings per share guidance of $1.66-$1.72 for the period. The company issued revenue guidance of -.

Invitation Homes Stock Up 3.8 %

INVH traded up $1.41 on Thursday, hitting $38.38. 138,945 shares of the company were exchanged, compared to its average volume of 4,262,046. The company has a debt-to-equity ratio of 0.60, a quick ratio of 0.22 and a current ratio of 0.22. The stock’s fifty day moving average is $36.11 and its 200-day moving average is $38.91. The company has a market cap of $23.42 billion, a PE ratio of 74.70, a PEG ratio of 3.34 and a beta of 0.88. Invitation Homes has a 12 month low of $33.15 and a 12 month high of $45.80.

Invitation Homes (NYSE:INVHGet Rating) last released its quarterly earnings data on Wednesday, April 27th. The company reported $0.17 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by ($0.23). The business had revenue of $532.31 million during the quarter, compared to the consensus estimate of $528.97 million. Invitation Homes had a net margin of 14.43% and a return on equity of 3.29%. During the same quarter in the prior year, the company earned $0.36 EPS. Equities research analysts predict that Invitation Homes will post 1.64 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Tuesday, August 9th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Monday, August 8th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.29%. Invitation Homes’s dividend payout ratio (DPR) is currently 176.00%.

Analyst Ratings Changes

A number of equities analysts have recently weighed in on the company. Mizuho lowered their target price on Invitation Homes from $45.00 to $44.00 and set a buy rating on the stock in a research note on Wednesday, July 6th. KeyCorp lowered their target price on Invitation Homes from $46.00 to $41.00 and set an overweight rating on the stock in a research note on Tuesday, June 28th. Oppenheimer initiated coverage on Invitation Homes in a research report on Monday, July 18th. They set a market perform rating and a $39.00 price target on the stock. Jefferies Financial Group reduced their price target on Invitation Homes from $44.00 to $41.00 and set a buy rating on the stock in a research report on Thursday, June 30th. Finally, Barclays reduced their price target on Invitation Homes from $46.00 to $43.00 and set an overweight rating on the stock in a research report on Tuesday. Three equities research analysts have rated the stock with a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Invitation Homes presently has an average rating of Moderate Buy and a consensus price target of $44.34.

Institutional Trading of Invitation Homes

Large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Invitation Homes by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 86,649,432 shares of the company’s stock valued at $3,481,574,000 after purchasing an additional 2,784,696 shares during the last quarter. State Street Corp boosted its stake in Invitation Homes by 12.8% during the 1st quarter. State Street Corp now owns 29,070,728 shares of the company’s stock valued at $1,168,062,000 after purchasing an additional 3,310,121 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Invitation Homes by 4.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 4,831,362 shares of the company’s stock worth $194,125,000 after buying an additional 225,830 shares during the last quarter. First Trust Advisors LP boosted its stake in shares of Invitation Homes by 10.0% in the 1st quarter. First Trust Advisors LP now owns 328,337 shares of the company’s stock worth $13,193,000 after buying an additional 29,870 shares during the last quarter. Finally, Cibc World Markets Corp boosted its stake in shares of Invitation Homes by 0.7% in the 1st quarter. Cibc World Markets Corp now owns 300,403 shares of the company’s stock worth $12,070,000 after buying an additional 2,072 shares during the last quarter.

About Invitation Homes

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Invitation Homes is the nation's premier single-family home leasing 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.

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Earnings History and Estimates for Invitation Homes (NYSE:INVH)

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