Invitation Homes Inc. (NYSE:INVH) to Issue Quarterly Dividend of $0.29

Invitation Homes Inc. (NYSE:INVH) declared a quarterly dividend on Friday, December 13th,RTT News reports. Stockholders of record on Thursday, December 26th will be paid a dividend of 0.29 per share on Friday, January 17th. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.50%. This is a positive change from Invitation Homes’s previous quarterly dividend of $0.28.

Invitation Homes has raised its dividend payment by an average of 30.1% per year over the last three years. Invitation Homes has a payout ratio of 145.5% 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 $1.92 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 58.3%.

Invitation Homes Trading Down 0.3 %

Shares of Invitation Homes stock opened at $33.18 on Friday. The firm has a market cap of $20.33 billion, a price-to-earnings ratio of 46.73, a PEG ratio of 5.06 and a beta of 1.03. The business has a 50-day moving average price of $33.63 and a 200-day moving average price of $34.89. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 0.54. Invitation Homes has a twelve month low of $31.01 and a twelve month high of $37.80.

Wall Street Analyst Weigh In

A number of research analysts recently commented on INVH shares. Keefe, Bruyette & Woods lowered their price target on shares of Invitation Homes from $37.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, November 6th. Bank of America downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and lowered their price target for the company from $39.00 to $37.00 in a report on Tuesday, September 24th. Evercore ISI increased their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a report on Monday, September 16th. JMP Securities reaffirmed a “market outperform” rating and issued a $40.00 price target on shares of Invitation Homes in a report on Thursday. Finally, Mizuho lowered their price target on shares of Invitation Homes from $36.00 to $35.00 and set a “neutral” rating for the company in a report on Thursday, October 10th. Eight analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $38.80.

Invitation Homes Company Profile

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.