Wall Street brokerages predict that Invitation Homes Inc (NYSE:INVH) will announce $440.85 million in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have issued estimates for Invitation Homes’ earnings, with the lowest sales estimate coming in at $434.17 million and the highest estimate coming in at $447.30 million. Invitation Homes posted sales of $329.95 million during the same quarter last year, which suggests a positive year-over-year growth rate of 33.6%. The company is expected to announce its next quarterly earnings results on Wednesday, February 20th.
On average, analysts expect that Invitation Homes will report full year sales of $1.73 billion for the current fiscal year, with estimates ranging from $1.70 billion to $1.75 billion. For the next financial year, analysts forecast that the business will report sales of $1.81 billion, with estimates ranging from $1.76 billion to $1.85 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Invitation Homes.
Invitation Homes (NYSE:INVH) last released its quarterly earnings data on Monday, November 5th. The company reported $0.29 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. Invitation Homes had a negative net margin of 4.71% and a negative return on equity of 0.56%. The business had revenue of $434.20 million during the quarter, compared to analyst estimates of $436.18 million. During the same quarter last year, the business earned $0.20 earnings per share. Invitation Homes’s quarterly revenue was up 78.3% compared to the same quarter last year.
INVH stock traded down $0.27 during trading on Friday, hitting $21.10. 2,006,000 shares of the company’s stock traded hands, compared to its average volume of 2,234,985. Invitation Homes has a 52 week low of $20.25 and a 52 week high of $24.30. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $11.28 billion, a P/E ratio of 81.15, a price-to-earnings-growth ratio of 3.25 and a beta of 0.03.
The company also recently announced a quarterly dividend, which will be paid on Friday, November 30th. Stockholders of record on Wednesday, November 14th will be paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 2.09%. The ex-dividend date is Tuesday, November 13th. Invitation Homes’s dividend payout ratio is currently 169.23%.
In other news, Director Barry S. Sternlicht sold 1,309,849 shares of the stock in a transaction on Friday, September 14th. The shares were sold at an average price of $23.55, for a total value of $30,846,943.95. Following the sale, the director now owns 5,482 shares of the company’s stock, valued at $129,101.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.50% of the company’s stock.
Several institutional investors and hedge funds have recently made changes to their positions in INVH. Bank of Montreal Can raised its stake in shares of Invitation Homes by 338.8% in the third quarter. Bank of Montreal Can now owns 4,555 shares of the company’s stock valued at $104,000 after acquiring an additional 3,517 shares during the period. Capital Guardian Trust Co. purchased a new position in Invitation Homes in the 3rd quarter worth about $109,000. Point72 Hong Kong Ltd purchased a new position in Invitation Homes in the 2nd quarter worth about $175,000. Virtu Financial LLC purchased a new position in Invitation Homes in the 3rd quarter worth about $201,000. Finally, Signition LP purchased a new position in Invitation Homes in the 3rd quarter worth about $203,000.
Invitation Homes Company Profile
Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high-quality homes across America. With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.
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