Invitation Homes Inc

Invitation Homes Inc

INVH

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Market Cap$16.88B
Close$

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P/E RatioDividendsReturn on EquityPrice-to-SalesDebt-to-Equity
Invitation Homes IncInvitation Homes Inc29.54.15%6%7.31

Earnings Call Q1 2025

May 1, 2025 - AI Summary

Solid Performance Metrics: Invitation Homes reported a strong first quarter with a 3.6% blended rent growth, 97.2% average occupancy, and a 3.7% year-over-year increase in Net Operating Income (NOI). Core Funds From Operations (FFO) per share grew by 3.5% year-over-year, while Adjusted FFO (AFFO) grew by 4%. These metrics illustrate resilience in the single-family rental (SFR) market despite economic volatility.
Positive Rental and Occupancy Trends: For the month of April, blended rent growth increased to 4%, with renewal rent growth at 4.5% and average occupancy rising to 97.4%. This indicates strong demand in the SFR sector, with residents showing a tendency to renew leases due to favorable living conditions and economic uncertainties in homeownership.
Home Acquisition Strategy: The company acquired 577 homes for around $194 million, predominantly newly built, while disposing of 454 homes to first-time homeowners. This capital recycling approach ensures continuous portfolio growth and minimizes risks associated with on-balance sheet development. The strategy aims for a 6% average yield on cost.

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$31.17

Target Price by Analysts

7.3% upsideInvitation Homes Target Price DetailsTarget Price
$37.20

Current Fair Value

28.1% upside

Undervalued by 28.1% based on the discounted cash flow analysis.

Share Statistics

Market cap$16.88 Billion
Enterprise Value$25.75 Billion
Dividend Yield$1.18 (4.15%)
Earnings per Share$0.96
Beta0.85
Outstanding Shares605,997,344

Return

Return on Equity6.41%ROE
Return on Assets3.12%
Return on Invested Capital5.09%

Valuation & Multiples

P/E Ratio29.55P/E Ratio
PEG-935.11PEG
Price to Sales7.26Price to Sales
Price to Book Ratio1.94Price to Book Ratio
Enterprise Value to Revenue9.23
Enterprise Value to EBIT28.6
Enterprise Value to Net Income44
Total Debt to Enterprise0.35
Debt to Equity0.99Debt to Equity

Revenue Sources

No data

Insider Trades

Last Earnings Call

Report Date
May 5, 2026
EPS Estimate
$0.19
Average shareholder expectation
Revenue Estimate
$690.71 M
Average shareholder expectation

Next Earnings Call

Expected Date
July 29, 2026
EPS Estimate
$0.17
Average shareholder expectation
Revenue Estimate
$709.65 M
Average shareholder expectation

Institutional Put/Call Ratio

Market sentiment based on institutional option activity.

Put/Call Ratio0.4420 297.85%
Total Calls1,756,200 648.91%
Total Puts776,242 3.22%

Institutional Ownership

Holdings and activity of institutional investors.

Ownership %89.01% 11.50%
Total Invested$13.57B 20.83%
Investors Holding591 8.00%

ESG Score

No data

About Invitation Homes Inc

Relevant Senate Committees

Joint Committee on Taxation

This committee provides the official revenue estimates and technical analysis for all tax legislation, directly influencing the specific details and viability of tax policies crafted by the Finance Committee, which profoundly affect INVH.

Finance

As the primary tax-writing committee, it directly impacts Invitation Homes' corporate profitability, capital structure, and investment decisions through tax policy (e.g., corporate tax rates, depreciation, REIT regulations).

Appropriations

This committee directly allocates federal discretionary spending, which can include significant funds for housing programs (e.g., HUD, rental assistance) or infrastructure projects, substantially impacting the housing market.

Banking, Housing, and Urban Affairs

This committee directly regulates the financial system (impacting INVH's access to capital and securitization markets) and explicitly oversees housing and urban development, including potential landlord-tenant laws or housing finance policies.