Invitation Homes (NYSE:INVH – Get Free Report) updated its FY 2024 earnings guidance on Wednesday. The company provided EPS guidance of 1.860-1.900 for the period, compared to the consensus EPS estimate of 1.880. The company issued revenue guidance of -. Invitation Homes also updated its FY24 guidance to $1.86 to $1.90 EPS.
Analysts Set New Price Targets
Several analysts have weighed in on the stock. Bank of America downgraded shares of Invitation Homes from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $39.00 to $37.00 in a research report on Tuesday, September 24th. Scotiabank dropped their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a “sector perform” rating on the stock in a report on Tuesday, September 10th. UBS Group raised their price target on shares of Invitation Homes from $41.00 to $42.00 and gave the company a “buy” rating in a research report on Friday, August 16th. Evercore ISI raised their price target on shares of Invitation Homes from $37.00 to $38.00 and gave the company an “outperform” rating in a research report on Monday, September 16th. Finally, The Goldman Sachs Group initiated coverage on shares of Invitation Homes in a research report on Wednesday, September 4th. They set a “buy” rating and a $46.00 price target on the stock. Eight analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $38.90.
Check Out Our Latest Research Report on INVH
Invitation Homes Trading Down 0.0 %
Invitation Homes Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Friday, October 18th. Shareholders of record on Thursday, September 26th were paid a dividend of $0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 3.57%. The ex-dividend date of this dividend was Thursday, September 26th. Invitation Homes’s dividend payout ratio (DPR) is presently 157.75%.
About Invitation Homes
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.
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