Invitation Homes Inc (NYSE:INVH) reached a new 52-week high during trading on Friday . The company traded as high as $24.00 and last traded at $23.85, with a volume of 41407 shares traded. The stock had previously closed at $23.86.

A number of research analysts recently issued reports on the company. Zacks Investment Research upgraded Invitation Homes from a “sell” rating to a “hold” rating in a report on Wednesday, November 21st. TheStreet upgraded Invitation Homes from a “d+” rating to a “c-” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $25.10.

The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $12.26 billion, a PE ratio of 103.70, a PEG ratio of 3.30 and a beta of 0.53.

Invitation Homes (NYSE:INVH) last posted its quarterly earnings data on Thursday, February 14th. The company reported $0.30 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.30. The business had revenue of $433.00 million during the quarter, compared to the consensus estimate of $440.07 million. Invitation Homes had a positive return on equity of 0.64% and a negative net margin of 0.30%. Invitation Homes’s quarterly revenue was up 31.2% on a year-over-year basis. During the same period last year, the company earned $0.29 earnings per share. Equities analysts expect that Invitation Homes Inc will post 1.24 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Thursday, February 28th. Shareholders of record on Wednesday, February 13th were paid a $0.13 dividend. This represents a $0.52 dividend on an annualized basis and a yield of 2.18%. This is an increase from Invitation Homes’s previous quarterly dividend of $0.11. The ex-dividend date of this dividend was Tuesday, February 12th. Invitation Homes’s dividend payout ratio (DPR) is currently 226.09%.

Hedge funds have recently bought and sold shares of the business. Pearl River Capital LLC bought a new position in Invitation Homes in the fourth quarter valued at approximately $53,000. Bank of Montreal Can grew its stake in Invitation Homes by 338.8% in the third quarter. Bank of Montreal Can now owns 4,555 shares of the company’s stock valued at $104,000 after purchasing an additional 3,517 shares in the last quarter. Capital Guardian Trust Co. bought a new position in Invitation Homes in the third quarter valued at approximately $109,000. NumerixS Investment Technologies Inc grew its stake in Invitation Homes by 25.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 9,000 shares of the company’s stock valued at $180,000 after purchasing an additional 1,800 shares in the last quarter. Finally, Virtu Financial LLC bought a new position in Invitation Homes in the third quarter valued at approximately $201,000.

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Invitation Homes Company Profile (NYSE:INVH)

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.

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