Overview Dividends

(INVH) Invitation Homes - Ratings and Ratios

Exchange: NYSE • Country: United States • Currency: USD • Type: Common Stock • ISIN: US46187W1071

Single-Family Rentals, Leasing

EPS (Earnings per Share)

EPS (Earnings per Share) of INVH over the last years for every Quarter: "2020-09": 0.06, "2020-12": 0.13, "2021-03": 0.1, "2021-06": 0.11, "2021-09": 0.12, "2021-12": 0.12, "2022-03": 0.15, "2022-06": 0.18, "2022-09": 0.13, "2022-12": 0.16, "2023-03": 0.2, "2023-06": 0.22, "2023-09": 0.21, "2023-12": 0.21, "2024-03": 0.23, "2024-06": 0.12, "2024-09": 0.15, "2024-12": 0.1433, "2025-03": 0.1725, "2025-06": 0.1585, "2025-09": 0.22,
EPS Growth (3y CAGR): 12.28%
EPS Trend (3y Corr): -23.3%
Last SUE: 0.95σ
Qual. Beats: 1

Revenue

Revenue of INVH over the last years for every Quarter: 2020-09: 459.184, 2020-12: 464.1, 2021-03: 475.225, 2021-06: 491.633, 2021-09: 509.532, 2021-12: 520.225, 2022-03: 532.31, 2022-06: 557.3, 2022-09: 568.675, 2022-12: 579.836, 2023-03: 589.89, 2023-06: 600.372, 2023-09: 617.695, 2023-12: 624.321, 2024-03: 646.039, 2024-06: 653.451, 2024-09: 660.322, 2024-12: 659.13, 2025-03: 674.479, 2025-06: 681.401, 2025-09: 688.166,
Revenue Growth (3y CAGR): 6.43%
Revenue Trend (3y Corr): 98.4%
Last SUE: 1.36σ
Qual. Beats: 3
Risk via 10d forecast
Volatility 20.6%
Value at Risk 5%th 33.5%
Relative Tail Risk -1.27%
Reward TTM
Sharpe Ratio -1.00
Alpha -24.21
Character TTM
Hurst Exponent 0.351
Beta 0.412
Beta Downside 0.355
Drawdowns 3y
Max DD 23.05%
Mean DD 7.29%
Median DD 6.36%

Description: INVH Invitation Homes October 16, 2025

Invitation Homes (NYSE: INVH) is the largest publicly traded single-family rental (SFR) operator in the United States and a constituent of the S&P 500. The company’s business model centers on acquiring, renovating, and leasing high-quality homes in markets with strong employment prospects and reputable schools, positioning itself to capture the growing demand for flexible, cost-effective housing solutions.

Key operational metrics as of the latest filing show a portfolio of roughly 80,000 homes with an occupancy rate near 96% and an average rent increase of about 5% year-over-year, driven by tight housing supply and rising household formation among millennials and Gen Z. Financially, INVH reported a Funds-From-Operations (FFO) growth of 12% YoY, reflecting both rent growth and effective cost controls, while its leverage ratio of 5.5× net debt to EBITDA remains above the industry median, indicating sensitivity to interest-rate fluctuations-a primary macro-economic driver for REIT valuations.

For a deeper quantitative dive, you might explore ValueRay’s analyst tools to benchmark INVH’s metrics against peers.

INVH Stock Overview

Market Cap in USD 16,883m
Sub-Industry Single-Family Residential REITs
IPO / Inception 2017-02-01
Return 12m vs S&P 500 -26.4%
Analyst Rating 3.67 of 5

INVH Dividends

Metric Value
Dividend Yield 4.23%
Yield on Cost 5y 4.75%
Yield CAGR 5y 17.15%
Payout Consistency 98.4%
Payout Ratio 1.7%

INVH Growth Ratios

Metric Value
CAGR 3y -1.37%
CAGR/Max DD Calmar Ratio -0.06
CAGR/Mean DD Pain Ratio -0.19
Current Volume 5252.5k
Average Volume 4822.2k

Piotroski VR‑10 (Strict, 0-10) 6.5

Net Income (586.5m TTM) > 0 and > 6% of Revenue (6% = 162.2m TTM)
FCFTA 0.06 (>2.0%) and ΔFCFTA 2.06pp (YES ≥ +1.0pp, WARN ≥ +0.5pp)
NWC/Revenue 7.73% (prev 14.89%; Δ -7.16pp) (YES ≤20% & Δ≤-1pp; WARN ≤25% & Δ≤0 oder ≤40% & Δ≤-3pp)
CFO/TA 0.06 (>3.0%) and CFO 1.21b > Net Income 586.5m (YES >=105%, WARN >=100%)
Net Debt (8.07b) to EBITDA (1.68b) ratio: 4.79 <= 3.0 (WARN <= 3.5)
Current Ratio 1.51 (target 1.5–3.0; WARN 1.2–<1.5 or >3.0–5.0; CFO/TA gate active)
Outstanding Shares last Quarter (613.1m) change vs 12m ago -0.09% (target <= -2.0% for YES)
Gross Margin 60.01% (prev 59.02%; Δ 0.98pp) >=18% & Δ>=+0.5pp (WARN >=15% & Δ>=0)
Asset Turnover 14.07% (prev 13.16%; Δ 0.91pp) >=50% & Δ>=+2pp (WARN >=35% & Δ>=0)
Interest Coverage Ratio 2.64 (EBITDA TTM 1.68b / Interest Expense TTM 357.6m) >= 6 (WARN >= 3)

Altman Z'' -0.05

(A) 0.01 = (Total Current Assets 616.4m - Total Current Liabilities 407.3m) / Total Assets 18.78b
(B) -0.08 = Retained Earnings (Balance) -1.57b / Total Assets 18.78b
(C) 0.05 = EBIT TTM 945.6m / Avg Total Assets 19.21b
(D) -0.17 = Book Value of Equity -1.56b / Total Liabilities 9.12b
Total Rating: -0.05 = (6.56 * A) + (3.26 * B) + (6.72 * C) + (1.05 * D)

ValueRay F-Score (Strict, 0-100) 67.50

1. Piotroski 6.50pt = 1.50
2. FCF Yield 4.64% = 2.32
3. FCF Margin 42.86% = 7.50
4. Debt/Equity 0.86 = 2.15
5. Debt/Ebitda 4.79 = -2.50
6. ROIC - WACC (= -0.15)% = -0.18
7. RoE 6.05% = 0.50
8. Rev. Trend 98.36% = 7.38
9. EPS Trend -23.30% = -1.17

What is the price of INVH shares?

As of November 20, 2025, the stock is trading at USD 27.45 with a total of 5,252,535 shares traded.
Over the past week, the price has changed by -5.05%, over one month by -4.02%, over three months by -9.10% and over the past year by -16.36%.

Is INVH a buy, sell or hold?

Invitation Homes has received a consensus analysts rating of 3.67. Therefor, it is recommend to hold INVH.
  • Strong Buy: 5
  • Buy: 6
  • Hold: 13
  • Sell: 0
  • Strong Sell: 0

What are the forecasts/targets for the INVH price?

Issuer Target Up/Down from current
Wallstreet Target Price 34.8 26.9%
Analysts Target Price 34.8 26.9%
ValueRay Target Price 28.3 3.2%

INVH Fundamental Data Overview November 20, 2025

Market Cap USD = 16.88b (16.88b USD * 1.0 USD.USD)
P/E Trailing = 28.9895
P/E Forward = 34.6021
P/S = 6.2769
P/B = 1.7857
P/EG = 12.9175
Beta = 0.834
Revenue TTM = 2.70b USD
EBIT TTM = 945.6m USD
EBITDA TTM = 1.68b USD
Long Term Debt = 8.23b USD (from longTermDebt, last quarter)
Short Term Debt = 36.0m USD (from shortTermDebt, last quarter)
Debt = 8.23b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.07b USD (from netDebt column, last quarter)
Enterprise Value = 24.96b USD (16.88b + Debt 8.23b - CCE 155.4m)
Interest Coverage Ratio = 2.64 (Ebit TTM 945.6m / Interest Expense TTM 357.6m)
FCF Yield = 4.64% (FCF TTM 1.16b / Enterprise Value 24.96b)
FCF Margin = 42.86% (FCF TTM 1.16b / Revenue TTM 2.70b)
Net Margin = 21.70% (Net Income TTM 586.5m / Revenue TTM 2.70b)
Gross Margin = 60.01% ((Revenue TTM 2.70b - Cost of Revenue TTM 1.08b) / Revenue TTM)
Gross Margin QoQ = 62.36% (prev 58.89%)
Tobins Q-Ratio = 1.33 (Enterprise Value 24.96b / Total Assets 18.78b)
Interest Expense / Debt = 1.10% (Interest Expense 90.8m / Debt 8.23b)
Taxrate = 0.32% (1.45m / 455.4m)
NOPAT = 942.6m (EBIT 945.6m * (1 - 0.32%))
Current Ratio = 1.51 (Total Current Assets 616.4m / Total Current Liabilities 407.3m)
Debt / Equity = 0.86 (Debt 8.23b / totalStockholderEquity, last quarter 9.63b)
Debt / EBITDA = 4.79 (Net Debt 8.07b / EBITDA 1.68b)
Debt / FCF = 6.97 (Net Debt 8.07b / FCF TTM 1.16b)
Total Stockholder Equity = 9.69b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.12% (Net Income 586.5m / Total Assets 18.78b)
RoE = 6.05% (Net Income TTM 586.5m / Total Stockholder Equity 9.69b)
RoCE = 5.28% (EBIT 945.6m / Capital Employed (Equity 9.69b + L.T.Debt 8.23b))
RoIC = 5.27% (NOPAT 942.6m / Invested Capital 17.87b)
WACC = 5.42% (E(16.88b)/V(25.11b) * Re(7.53%) + D(8.23b)/V(25.11b) * Rd(1.10%) * (1-Tc(0.00)))
Discount Rate = 7.53% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 8.05%
Shares Correlation 3-Years: -100.0 | Cagr: -0.05%
[DCF Debug] Terminal Value 79.16% ; FCFE base≈1.02b ; Y1≈1.08b ; Y5≈1.30b
Fair Price DCF = 37.03 (DCF Value 22.70b / Shares Outstanding 613.0m; 5y FCF grow 7.00% → 3.0% )
EPS Correlation: -23.30 | EPS CAGR: 12.28% | SUE: 0.95 | # QB: 1
Revenue Correlation: 98.36 | Revenue CAGR: 6.43% | SUE: 1.36 | # QB: 3

Additional Sources for INVH Stock

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