Invitation Homes (INVH) AI Stock Analysis

• Market Cap: $18.59B
• Dividend Yield: 3.8%
• Average Volume (3M): 3.78M
• Price to Earnings (P/E): 67.6
• Beta (1Y): 0.61
• Revenue Growth: 4.41%
• EPS Growth: -0.16%
• Country: US
• Employees: 1,750
• Sector: Real Estate
• Sector Strength: 48
• Industry: REIT - Residential
• EPS (TTM): 0.23
• Shares Outstanding: 613,008,240
• 10 Day Avg. Volume: 3,204,028
• 30 Day Avg. Volume: 3,781,143
• PEG Ratio: N/A
• Price to Book (P/B): N/A
• Price to Sales (P/S): N/A
• P/FCF Ratio: N/A
• Enterprise Value/Market Cap: 1.51
• Enterprise Value/Revenue: 10.50
• Enterprise Value/Gross Profit: 17.82
• Enterprise Value/Ebitda: 17.18
• 1Y Price Target: $35.65
• Price Target Upside: 17.46% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 16

• Rating: 69 Neutral
• Price Target: $33.00 ▲(8.73% Upside)

Invitation Homes' overall stock score is driven by strong financial performance and a positive earnings call, reflecting robust operational efficiency and strategic execution. However, the stock's technical indicators suggest bearish momentum, and the high P/E ratio indicates overvaluation concerns. The recent corporate event positively impacts the company's financial stability, but challenges in key markets and moderate lease growth temper the outlook.

Positive Factors

Earnings performance

1Q25 earnings beat with better than expected blended rent spreads (+3.6%) and improving bad debt.

Occupancy and renewals

Higher occupancy and accelerating renewals should be viewed positively for INVH.

Valuation

INVH trades at an attractive relative valuation, with a discount to its long-term average and parity to all REITs.

Negative Factors

Lease growth

New lease growth deceleration suggests that the peak may have been earlier this year.

Lease growth comparison

The widening gap between INVH and AMH's new lease growth to about 200bps in May could raise concerns.

Invitation Homes Business Overview & Revenue Model

Company Description

Invitation Homes is the nation's premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.

How the Company Makes Money

Invitation Homes generates revenue primarily through rental income from its extensive portfolio of single-family homes. The company purchases homes, invests in renovations to enhance their appeal and functionality, and then leases them to tenants at competitive market rates. Additionally, Invitation Homes benefits from economies of scale in property management, allowing for efficient operations and reduced costs. The company also occasionally engages in home sales, contributing supplementary income. Its strategic partnerships with local real estate agents and contractors for property acquisition and management further enhance its operational efficiency and revenue generation capabilities.

Invitation Homes Financial Statement Overview

Summary

Invitation Homes exhibits strong financial health with consistent revenue growth, robust profitability, and efficient cash flow management. The balance sheet is stable with moderate leverage, and the company demonstrates solid operational efficiency. Overall, the financial statements reflect a well-managed company with a positive growth outlook.

Income Statement

Invitation Homes shows strong revenue growth with a TTM increase of 1.06% and consistent gross profit margins around 59%. The net profit margin has improved to 20.37% in TTM, indicating enhanced profitability. EBIT and EBITDA margins are robust, reflecting efficient operations. Overall, the income statement reflects a healthy growth trajectory and profitability.

Balance Sheet

The company's debt-to-equity ratio is stable at 0.85, indicating moderate leverage. Return on equity has improved to 5.58% in TTM, suggesting better utilization of equity. The equity ratio remains strong, showing a solid capital structure. The balance sheet is stable with manageable debt levels and improving returns.

Cash Flow

Operating cash flow has increased, with a TTM coverage ratio of 1.33, indicating strong cash generation relative to net income. Free cash flow growth is impressive at 1.32% in TTM, supporting financial flexibility. The free cash flow to net income ratio is healthy at 0.80, showing efficient cash conversion. Overall, cash flow metrics demonstrate strong liquidity and operational efficiency.

Breakdown	TTM	Dec 2024	Dec 2023	Dec 2022	Dec 2021	Dec 2020
Income Statement
Total Revenue	2.68B	2.62B	2.43B	2.24B	2.00B	1.82B
Gross Profit	1.58B	1.55B	1.46B	1.36B	1.22B	1.08B
EBITDA	1.64B	1.54B	1.53B	1.33B	1.18B	1.10B
Net Income	545.01M	453.92M	519.47M	383.33M	261.43M	196.21M
Balance Sheet
Total Assets	18.66B	18.70B	19.22B	18.54B	18.54B	17.51B
Cash, Cash Equivalents and Short-Term Investments	65.11M	174.49M	700.62M	262.87M	610.17M	213.42M
Total Debt	8.17B	8.20B	8.55B	7.77B	8.00B	8.03B
Total Liabilities	8.96B	8.91B	9.03B	8.21B	8.70B	8.95B
Stockholders Equity	9.67B	9.76B	10.16B	10.29B	9.80B	8.50B
Cash Flow
Free Cash Flow	898.28M	862.41M	885.99M	815.52M	744.83M	524.43M
Operating Cash Flow	1.13B	1.08B	1.11B	1.02B	907.66M	696.71M
Investing Cash Flow	-682.59M	-465.87M	-773.55M	-814.41M	-1.16B	-425.16M
Financing Cash Flow	-1.13B	-1.09B	110.02M	-574.11M	658.99M	-146.03M

Invitation Homes Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 30.35
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Positive

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For INVH, the sentiment is Negative. The current price of 30.35 is below the 20-day moving average (MA) of 30.50, below the 50-day MA of 31.38, and below the 200-day MA of 32.22, indicating a bearish trend. The MACD of -0.19 indicates Negative momentum. The RSI at 44.26 is Neutral, neither overbought nor oversold. The STOCH value of 15.49 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for INVH.

Invitation Homes Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MAA	74 Outperform	$17.08B	29.31	9.58%	4.18%	1.19%	10.52%
AMH	74 Outperform	$12.86B	31.19	5.99%	3.24%	7.19%	15.70%
CPT	71 Outperform	$15.37B	75.77	3.30%	3.77%	0.76%	-60.70%
INVH	69 Neutral	$18.59B	67.61	5.65%	3.80%	4.41%	-0.16%
EQR	69 Neutral	$24.45B	24.49	9.20%	4.17%	4.49%	5.87%
ESS	66 Neutral	$17.37B	20.95	14.40%	3.80%	7.56%	54.15%
Sector *	63 Neutral	$7.02B	13.29	-0.50%	6.92%	4.08%	-25.24%

Invitation Homes Corporate Events

Invitation Homes Completes $600M Senior Notes Offering

On August 15, 2025, Invitation Homes Operating Partnership LP, a subsidiary of Invitation Homes Inc., completed a public offering of $600 million in senior notes due 2033, bearing interest at 4.950% per annum. This strategic financial maneuver is expected to bolster the company’s capital structure, potentially enhancing its market position and operational flexibility, while the notes are guaranteed by several subsidiaries, ensuring a robust backing for stakeholders.

The most recent analyst rating on (INVH) stock is a Hold with a $40.00 price target. To see the full list of analyst forecasts on Invitation Homes stock, see the INVH Stock Forecast page.

Invitation Homes President Resigns, CEO Assumes Role

On July 20, 2025, Charles D. Young resigned as President of Invitation Homes Inc., effective September 1, 2025, to pursue other opportunities. The company’s CEO, Dallas B. Tanner, will take over the President’s responsibilities without any new compensatory arrangements, indicating a seamless transition without internal conflicts.

The most recent analyst rating on (INVH) stock is a Hold with a $40.00 price target. To see the full list of analyst forecasts on Invitation Homes stock, see the INVH Stock Forecast page.

Invitation Homes Holds Annual Stockholders Meeting

On May 15, 2025, Invitation Homes Inc. held its annual meeting of stockholders, where key decisions were made regarding the election of directors, ratification of the accounting firm, and executive compensation. Stockholders elected directors for a one-year term, ratified Deloitte & Touche LLP as the independent accounting firm, and approved executive compensation in a non-binding vote. Additionally, stockholders decided that the advisory vote on executive compensation should occur annually, aligning with the board’s recommendation.

The most recent analyst rating on (INVH) stock is a Hold with a $36.00 price target. To see the full list of analyst forecasts on Invitation Homes stock, see the INVH Stock Forecast page.