DALLAS (AP) _ Invitation Home Inc. (INVH) on Tuesday reported third-quarter net income of $33.7 million.
On a per-share basis, the Dallas-based company said it had net income of 6 cents.
The results missed Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of 31 cents per share.
The real estate investment trust focused on single-family rentals posted revenue of $443.3 million in the period, which also missed Street forecasts. Six analysts surveyed by Zacks expected $448.2 million.
Invitation Home expects full-year earnings in the range of $1.24 to $1.28 per share.
Invitation Home shares have risen 53% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $30.75, a rise of 38% in the last 12 months.