Invitation Homes (INVH) Updates FY18 Earnings Guidance

Invitation Homes (NYSE:INVH) updated its FY18 earnings guidance on Wednesday. The company provided earnings per share guidance of $1.13-1.21 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.20.

Several brokerages recently issued reports on INVH. B. Riley reiterated a buy rating and set a $26.00 price objective on shares of Invitation Homes in a report on Thursday, November 9th. Zacks Investment Research lowered Invitation Homes from a buy rating to a hold rating in a report on Wednesday, February 14th. Citigroup began coverage on Invitation Homes in a report on Friday, December 8th. They set a buy rating and a $27.00 price objective for the company. Deutsche Bank reiterated a buy rating and set a $26.00 price objective on shares of Invitation Homes in a report on Wednesday, November 29th. Finally, Evercore ISI set a $26.00 price objective on Invitation Homes and gave the stock an outperform rating in a report on Monday, November 27th. Two analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. Invitation Homes has an average rating of Buy and a consensus price target of $25.06.

Invitation Homes (NYSE INVH) traded down $0.41 during trading on Wednesday, reaching $20.85. 2,068,373 shares of the company’s stock traded hands, compared to its average volume of 2,641,542. The company has a debt-to-equity ratio of 1.59, a quick ratio of 0.84 and a current ratio of 0.84. Invitation Homes has a 52-week low of $20.25 and a 52-week high of $24.30.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Tuesday, February 13th will be given a dividend of $0.11 per share. This represents a $0.44 annualized dividend and a yield of 2.11%. This is an increase from Invitation Homes’s previous quarterly dividend of $0.08. The ex-dividend date of this dividend is Monday, February 12th.

In other Invitation Homes news, Director John Bartling sold 188,850 shares of the stock in a transaction on Tuesday, November 28th. The shares were sold at an average price of $23.11, for a total transaction of $4,364,323.50. Following the transaction, the director now directly owns 482,665 shares of the company’s stock, valued at $11,154,388.15. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

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About Invitation Homes

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.

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

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