Invitation Home Inc. (NYSE:INVH) announced its earnings results on Thursday. The company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01, Bloomberg Earnings reports. The business had revenue of $242.22 million for the quarter, compared to analyst estimates of $240.58 million. The firm’s revenue was up 5.1% on a year-over-year basis. Invitation Home updated its FY17 guidance to $0.96-1.04 EPS.

Invitation Home (NYSE:INVH) traded up 3.91% on Thursday, hitting $21.81. The stock had a trading volume of 10,985,818 shares. Invitation Home has a one year low of $19.80 and a one year high of $22.43. The stock’s 50 day moving average is $21.44 and its 200 day moving average is $21.45. The stock’s market cap is $6.77 billion.

The business also recently declared a quarterly dividend, which will be paid on Thursday, August 31st. Stockholders of record on Tuesday, August 15th will be issued a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 1.47%. The ex-dividend date is Friday, August 11th. This is a positive change from Invitation Home’s previous quarterly dividend of $0.06.

Several equities research analysts have issued reports on INVH shares. Zacks Investment Research raised shares of Invitation Home from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research note on Wednesday, July 12th. Zelman & Associates raised shares of Invitation Home from a “hold” rating to a “buy” rating in a research note on Friday, June 23rd. FBR & Co reaffirmed a “buy” rating on shares of Invitation Home in a research note on Saturday, May 13th. Evercore ISI started coverage on shares of Invitation Home in a research note on Monday, June 5th. They set an “outperform” rating and a $24.00 target price on the stock. Finally, Royal Bank Of Canada reaffirmed an “outperform” rating and set a $24.00 target price (up previously from $23.00) on shares of Invitation Home in a research note on Tuesday, May 16th. Three research analysts have rated the stock with a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Invitation Home currently has a consensus rating of “Buy” and a consensus price target of $24.08.

ILLEGAL ACTIVITY NOTICE: “Invitation Home Inc. (NYSE:INVH) Issues Quarterly Earnings Results” was first published by Daily Political and is owned by of Daily Political. If you are accessing this piece on another site, it was illegally copied and republished in violation of international copyright and trademark laws. The correct version of this piece can be read at https://www.dailypolitical.com/2017/08/10/invitation-home-inc-nyseinvh-issues-quarterly-earnings-results.html.

Hedge funds have recently bought and sold shares of the stock. Blackstone Group L.P. bought a new stake in Invitation Home during the first quarter worth approximately $4,801,407,000. APG Asset Management US Inc. raised its stake in Invitation Home by 41.4% in the second quarter. APG Asset Management US Inc. now owns 9,188,089 shares of the company’s stock worth $198,738,000 after buying an additional 2,688,089 shares during the last quarter. Vanguard Group Inc. bought a new stake in Invitation Home during the first quarter worth approximately $159,769,000. FMR LLC bought a new stake in Invitation Home during the first quarter worth approximately $149,699,000. Finally, Principal Financial Group Inc. raised its stake in Invitation Home by 59.9% in the second quarter. Principal Financial Group Inc. now owns 6,538,202 shares of the company’s stock worth $141,422,000 after buying an additional 2,448,615 shares during the last quarter.

About Invitation Home

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.

Receive News & Ratings for Invitation Home Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Invitation Home Inc. and related companies with MarketBeat.com's FREE daily email newsletter.