Invitation Homes Inc. (NYSE:INVH) is reporting third quarter earnings results on Wednesday 28th October 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.04 per share.
For the full year, analysts predict revenues of $ 1807.91 million, while looking forward to income of $ 0.27 per share.
The Company Outlook
Full Year 2020 bottomline are predicted in a range of $ 1.04 ~ $ 1.12 per share
Click Here For More Historical Outlooks Of Invitation Homes Inc.
Previous Quarter Performance
Invitation Homes Inc. unfold income for the second quarter of $ 0.32 per share, from the revenue of $ 449.75 million. The quarterly earnings 357.14 percent while revenues up 1.95 percent compared with the same quarter last year.
Street analysts expected Invitation Homes Inc. to report income of $ 0.06 per share on revenue of $ 445.63 million for the second quarter. The bottom line results beat street analysts by $ 0.26 or 433.33 percent, at the same time, top line results outshined analysts by $ 4.12 million or 0.92 percent.
Stock Performance
Shares of Invitation Homes Inc. traded low $ -0.59 or -2.06 percent on Tuesday, reaching $ 28.05 with volume of 2.90 million shares. Invitation Homes Inc. has traded high as $ 28.84 and has cracked $ 28.04 on the downward trend
According to the previous trading day, closing price of $ 28.05, representing a 83.12 % increase from the 52 week low of $ 15.64 and a 12.42 % decrease over the 52 week high of $ 32.70.
The company has a market capital of $ 15.72 billion and is part of the Real Estate sector and REIT – Residential industry.
Recent Analyst recommendations
- On 1st October 2020, initiated by Berenberg Bank at Buy rating, with $ 32.00 target price.
- On 9th September 2020, upgraded by Goldman Sachs Group to Buy from Sell rating, with $ 35.00 target price.
Recent Stock Dividend Announcement
The board of directors has authorized quarterly dividend of $ 0.15 per share on October 23, 2020. The dividend were payable on November 25, 2020 to holders of record as of the close of business on November 10, 2020 and ex-dividend date on November 9, 2020.
The board of directors has authorized quarterly dividend of $ 0.15 per share on July 24, 2020. The dividend were payable on August 28, 2020 to holders of record as of the close of business on August 12, 2020 and ex-dividend date on August 11, 2020.
Invitation Homes is a leading owner and operator of single-family rental homes, 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. The Companys mission statement, “Together with you, we make a house a home,” reflects its commitment to high-touch service that continuously enhances residents living experiences and provides homes where individuals and families can thrive.
