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Monday, June 5, 2023

Momentum Is Strong For Invitation Homes Inc. (NYSE: INVH)

After Hours

There is a slight risk associated with trading before and after the market open. Due to lower liquidity and higher volatility, extended-hours trading may result in wider spreads on particular security due to the release of critical financial information after regular trading hours. After-hours trades for Invitation Homes Inc. (INVH) shows that investor sentiment remained broken, with the stock’s consolidated last price falling by -$0.03, or -0.09%, to $33.42. The Invitation Homes Inc. has recorded 47,029 volume in the after hours trading session. Earlier, Yahoo Finance discussed this stock as it revealed Invitation Homes Reports First Quarter 2023 Results.

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Stocks Info

This NYSE-listed company operates within the REIT – Residential industry segment, falling under the Real Estate sector. At the end of the last regular session, the stock closed at $33.45 and fluctuated between $34.13 as its day high and $33.43 as its day low. The current market capitalization of Invitation Homes Inc. is $20.16B. A total of 2.72 million shares were traded on the day, compared to an average of 3.15M shares.

Insider trades can also provide insight into a stock’s future direction. During the recent three months, INVH has seen 9 BUY and 20 SELL insider trades, representing the acquisition of 406,705 and the disposition of 152,065 shares. Over the last 12 months, there were 17 BUYs and 20 SELLs from insiders. Insiders purchased 443,617 shares during that period but sold 152,065.

Dividend

The income generated by dividends is an indication that a company is improving its financial position, which is why investors prefer companies paying dividends. Invitation Homes Inc. pays an annual dividend of $1.04, resulting in a dividend yield of 3.11%, and it has a price to earnings (P/E) ratio of 53.43. INVH’s most recent ex-dividend date was 5/9/2023 when it declared a $0.26 quarterly dividend that was paid in cash on 5/26/2023. Previously, the company paid the dividend on 2/28/2023 with an ex-dividend date of 2/13/2023. The INVH stock dividend was $0.26 per share in cash.

Even though price targets are rarely accurate, they do tend to exert some kind of influence from time to time and are often considered important by markets. According to analysts who have offered 12-month price targets for INVH in the last 3 months, the mean price target is $34.73 with high estimates of $40.00 and low estimates of $31.00. In terms of 52-week highs and lows, INVH has a high of $40.20 and a low of $28.52.

As of this writing, INVH has an earnings estimate of $0.17 per share for the current quarter. EPS was calculated based on a consensus of 11 estimates, with a high estimate of $0.18 per share and a lower estimate of $0.15. The company reported an EPS of $0.16 in the last quarter, which was 6.70% higher than expectations of $0.15.

Balance Sheet Annually/Quarterly

In a balance sheet, you can see what assets and liabilities the company has, as well as how much equity investors have invested. These figures can be used to calculate a company’s financial ratios to give investors a better idea of its prospects. INVH’s latest balance sheet shows that the firm has $610.17M in Cash & Short Term Investments as of fiscal 2021. There were $8.00B in debt and $193.63M in liabilities at the time. Its Book Value Per Share was $16.83, while its Total Shareholder’s Equity was $9.84B.

Analysts Opinion

The risks associated with pre-market and after-hours trading may be slightly higher than the regular market hours. The reason is that extended-hours trading may result in wider spreads for particular security due to lower liquidity and higher volatility as issuers often announce critical financial information outside regular trading hours. Currently, 24 analysts are providing their opinions on the stock. On a scale of 1 to 5, with 1 being Sell and 5 being Buy, the average analyst rating for INVH is Sell with a score of 3.86. A total of 8 analysts rated the stock as Buy while 3 rated it as Overweight while 13 rated it as Hold. Among the other participants, 0 thought the stock was Underweight and 0 thought it should be Sold.

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