Invitation Homes
INVH
Market cap $20.8B

33.89 USD

+0.18

0.53%

Updated Oct 22, 10:48 AM EDT

1 day

0.53%

5 days

1.25%

1 month

-7.15%

3 months

-6.64%

6 months

0.33%

Year to date

-2.11%

1 year

10.75%

5 years

10.25%

About: Invitation Homes owns a portfolio of nearly 85,000 single-family rental homes. The company focuses on owning homes in the starter and move-up segments of the housing market with an average sale price around $350,000 and generally less than 1,800 square feet. The portfolio is spread across 16 target markets that feature high employment and household formation growth with almost 70% of the portfolio in the Western U.S. and Florida; 15 of the 16 markets featuring average rents lower than homeownership costs.

Employees: 1,555

Real Estate Real Estate Operators (Except Developers) & Lessors

0

Funds holding %

of 6,740 funds

0

Analysts bullish %

of 15 analysts

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

70% more first-time investments, than exits

New positions opened: 68 | Existing positions closed: 40

18% more repeat investments, than reductions

Existing positions increased: 216 | Existing positions reduced: 183

6% more funds holding

Funds holding: 500 [Q1] → 528 (+28) [Q2]

2.14% more ownership

Funds ownership: 95.9% [Q1] → 98.04% (+2.14%) [Q2]

3% more capital invested

Capital invested by funds: $20.9B [Q1] → $21.6B (+$682M) [Q2]

0% more funds holding in top 10

Funds holding in top 10: 15 [Q1] → 15 (+0) [Q2]

27% less call options, than puts

Call options by funds: $14.4M | Put options by funds: $19.7M

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Research analyst outlook

15 Wall Street Analysts provided 1 year price targets over the past 3 months

Low target

$35

3%

upside

Avg. target

$38

13%

upside

High target

$46

36%

upside

15 analyst ratings

8 positive

53%

7 neutral

47%

0 negative

0%

Mizuho Haendel St. Juste 88% 1-year accuracy 14 / 16 met price target	3%upside $35	Neutral Maintained	10 Oct 2024
B of A Securities Jeffrey Spector 50% 1-year accuracy 1 / 2 met price target	9%upside $37	Neutral Downgraded	24 Sept 2024
Evercore ISI Group Steve Sakwa 59% 1-year accuracy 33 / 56 met price target	12%upside $38	Outperform Maintained	16 Sept 2024
JP Morgan Anthony Paolone 69% 1-year accuracy 11 / 16 met price target	18%upside $40	Neutral Maintained	16 Sept 2024
Scotiabank Nicholas Yulico 67% 1-year accuracy 18 / 27 met price target	9%upside $37	Sector Perform Maintained	10 Sept 2024

See Analyst Rankings

Financial journalist opinion

Based on 17 articles about INVH published over the past 30 days

Invitation Homes Stock - Investors of Invitation Homes Encouraged to Contact Kehoe Law Firm, P.C. - INVH

PHILADELPHIA, PA / ACCESSWIRE / October 15, 2024 / Kehoe Law Firm, P.C. is investigating whether certain officers or directors of Invitation Homes Inc. (NYSE:INVH) failed to manage Invitation Homes in an acceptable manner, in breach of their fiduciary duties to Invitation Homes and its shareholders, and whether investors of Invitation Homes stock suffered harm.

Invitation Homes Stock - Investors of Invitation Homes Encouraged to Contact Kehoe Law Firm, P.C. - INVH

INVITATION HOMES INVESTOR REMINDER: Scott+Scott Attorneys at Law LLP Investigates Invitation Homes Inc.'s Directors and Officers for Breach of Fiduciary Duties – INVH

NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the leadership of Invitation Homes Inc. (“Invitation Homes”) (NYSE: INVH) breached their fiduciary duties to Invitation Homes and its shareholders. CLICK HERE TO LEARN MORE Scott+Scott is investigating whether members of the Invitation Homes board of directors or senior management failed to manage Invitation Homes in an acceptable.

INVITATION HOMES INVESTOR REMINDER: Scott+Scott Attorneys at Law LLP Investigates Invitation Homes Inc.'s Directors and Officers for Breach of Fiduciary Duties – INVH

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Norges Bank's Strategic Acquisition in Invitation Homes Inc.

On September 30, 2024, Norges Bank made a significant addition to its investment portfolio by acquiring 13,255,017 shares of Invitation Homes Inc. (INVH, Financial), a prominent player in the single-family rental sector. This transaction increased Norges Bank's total holdings in the company to 52,861,723 shares, reflecting a substantial commitment to INVH. The shares were purchased at a price of $35.26, marking a notable investment move by the firm.

Norges Bank's Strategic Acquisition in Invitation Homes Inc.

Invitation Homes: An Above-Average REIT At A Below-Average Valuation

Invitation Homes, a real estate investment trust that owns and operates single-family homes for lease across the United States, is now a $21 billion (by market cap) real estate titan. To date, the company has increased its dividend for eight consecutive years, with a five-year dividend growth rate of 18.8%. Invitation Homes advanced its revenue from $1.1 billion in FY 2017 to $2.4 billion in FY 2023, a compound annual growth rate of 13.9%.

Invitation Homes: An Above-Average REIT At A Below-Average Valuation

Assessing The Impact Of Mortgage Rates On REITs

Historically, REITs outperform the S&P 500 after rising interest rates, with recent data showing a 25% return from May to September 2024. Mortgage rates impact REITs differently, with lower rates boosting rental demand for multifamily and SFR REITs, but potentially increasing home prices. The "lock-in effect" limits home sales, benefiting multifamily and SFR REITs by driving rental demand, while self-storage REITs await increased home sales.

Assessing The Impact Of Mortgage Rates On REITs

Invitation Homes Announces Dates for Third Quarter 2024 Earnings Release and Conference Call

DALLAS--(BUSINESS WIRE)--Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”), the nation's premier single-family home leasing and management company, will release its third quarter 2024 financial and operating results on Wednesday, October 30, 2024, after the market closes. The Company will host a conference call that will be webcast live on Thursday, October 31, 2024, at 2:00 p.m. Eastern Time to review third quarter results, discuss recent events, and conduct a question-a.

Invitation Homes Announces Dates for Third Quarter 2024 Earnings Release and Conference Call

Invitation Homes: A Great Risk-To-Reward Profile

Invitation Homes (INVH) has underperformed its peers but offers an attractive trailing dividend yield of 3.83%, higher than its four-year average of 2.51%. The REIT enjoys a sound financial profile with a debt-to-EBITDA ratio of 5.9x and a well-balanced debt schedule, ensuring dividend sustainability with an AFFO payout ratio of 72.4%. The stock is undervalued based on where it trades vs. NAV and its historical AFFO. Offering a great risk-to-reward profile.

Hurricane Helene: REIT Property Damage Report

Hurricane Helene caused significant flooding in Ashville, NC, and Atlanta, GA, impacting numerous REIT-owned properties, but the financial impact on REITs is likely less severe than it appears. REITs typically experience knee-jerk selloffs after property damage announcements, but these are often over-reactions and tend to reverse over time. Most REIT-owned properties are durable and well-insured, mitigating long-term financial impacts, though insurance rates may rise, affecting future expenses.

Hurricane Helene: REIT Property Damage Report

INVITATION HOMES INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates Invitation Homes Inc.'s Directors and Officers for Breach of Fiduciary Duties – INVH

NEW YORK--(BUSINESS WIRE)--Scott+Scott Attorneys at Law LLP (“Scott+Scott”), an international securities and consumer rights litigation firm, is investigating whether the leadership of Invitation Homes Inc. (“Invitation Homes”) (NYSE: INVH) breached their fiduciary duties to Invitation Homes and its shareholders. CLICK HERE TO LEARN MORE Scott+Scott is investigating whether members of the Invitation Homes board of directors or senior management failed to manage Invitation Homes in an acceptable.

INVITATION HOMES INVESTOR ALERT: Scott+Scott Attorneys at Law LLP Investigates Invitation Homes Inc.'s Directors and Officers for Breach of Fiduciary Duties – INVH

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