Invitation Home Inc. (INVH) to Release Earnings on Wednesday

Invitation Home Inc. (NYSE:INVH) is set to post its quarterly earnings results after the market closes on Wednesday, November 8th. Analysts expect Invitation Home to post earnings of $0.24 per share for the quarter. Invitation Home has set its FY17 guidance at $0.96-1.04 EPS.

Invitation Home (NYSE:INVH) last posted its quarterly earnings results on Thursday, August 10th. The company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. The business had revenue of $242.22 million for the quarter, compared to the consensus estimate of $240.58 million. Invitation Home’s revenue was up 5.1% compared to the same quarter last year. On average, analysts expect Invitation Home to post $1 EPS for the current fiscal year and $1.15 EPS for the next fiscal year.

Shares of Invitation Home Inc. (INVH) opened at 22.57 on Wednesday. The company’s market capitalization is $7.03 billion. The firm’s 50-day moving average price is $22.62 and its 200-day moving average price is $22.01. Invitation Home Inc. has a 12-month low of $19.80 and a 12-month high of $23.56.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th will be given a dividend of $0.08 per share. The ex-dividend date is Monday, October 23rd. This represents a $0.32 annualized dividend and a dividend yield of 1.42%.

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A number of analysts have commented on INVH shares. Zacks Investment Research upgraded shares of Invitation Home from a “hold” rating to a “buy” rating and set a $26.00 price objective for the company in a report on Wednesday, August 23rd. Keefe, Bruyette & Woods reaffirmed a “buy” rating and set a $25.00 price objective on shares of Invitation Home in a research report on Friday, August 18th. FBR & Co reaffirmed a “buy” rating on shares of Invitation Home in a research report on Thursday, September 21st. Finally, BTIG Research initiated coverage on shares of Invitation Home in a research report on Monday, October 9th. They set a “buy” rating and a $26.00 price objective for the company. Two analysts have rated the stock with a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $24.50.

Invitation Home 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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