(INVH) Invitation Homes - Ratings and Ratios

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

Single-Family Rentals, Property Management

Stock: Single-Family Residential REITs
Age 9y

MCap 16,080m
Avg Vol 5.99M (161M USD)

Beta 0.381
Volatility 21.12%

EPS (Earnings per Share)

EPS CAGR: -45.92%
EPS Trend: -28.9%

Last SUE: -4.00
Qual. Beats: 0

Revenue

Rev. CAGR: 7.75%
Rev. Trend: 98.4%

Last SUE: 1.36
Qual. Beats: 3

Dividends

Dividend Yield	3.85%
Yield on Cost 5y	4.64%
Yield CAGR 5y	14.53%
Payout Consistency	98.6%
Payout Ratio	1.7%

Risk via 5d forecast
Volatility	21.1%
Value at Risk 5%th	34.1%
Relative Tail Risk	-1.98%

Reward TTM
Sharpe Ratio	-0.45
Alpha	-15.22
CAGR/Max DD	-0.02

Character TTM
Hurst Exponent	0.359
Beta	0.381
Beta Downside	0.297

Drawdowns 3y
Max DD	26.86%
Mean DD	8.22%
Median DD	6.79%

Description: INVH Invitation Homes December 19, 2025

Invitation Homes (NYSE: INVH) is the largest publicly-traded single-family home leasing and management platform in the United States, positioning itself as a “premier” provider of quality rentals located near employment centers and good schools. The company’s mission-“Unlock the Power of Home”-signals a focus on flexible, cost-effective housing solutions for renters, a segment that has been expanding as home-ownership affordability pressures rise.

Key operating metrics as of Q3 2024 show an occupancy rate of roughly 96 % and year-over-year rent growth near 5 %, while its funds-from-operations (FFO) per share stands at $1.12, indicating solid cash generation. INVH’s leverage remains moderate, with a debt-to-FFO ratio of about 5.5×, and the firm benefits from a low-interest-rate environment that supports cheaper financing for REITs. Macro-driven factors such as a persistent housing supply shortage, elevated mortgage rates deterring new home purchases, and demographic trends favoring long-term renting continue to underpin demand for single-family rentals.

If you want a more granular view of INVH’s valuation and scenario analysis, the research tools on ValueRay can provide useful, data-driven insights.

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

(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) 67.56

1. Piotroski 6.50pt

2. FCF Yield 4.80%

3. FCF Margin 42.86%

4. Debt/Equity 0.86

5. Debt/Ebitda 4.79

6. ROIC - WACC (= 0.06)%

7. RoE 6.05%

8. Rev. Trend 98.36%

9. EPS Trend -28.86%

What is the price of INVH shares?

As of January 19, 2026, the stock is trading at USD 27.65 with a total of 5,146,218 shares traded.
Over the past week, the price has changed by +3.79%, over one month by +1.99%, over three months by -2.25% and over the past year by -7.92%.

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	23%
Analysts Target Price	34	23%
ValueRay Target Price	28.6	3.5%

INVH Fundamental Data Overview January 14, 2026

P/E Trailing = 27.6105
P/E Forward = 32.3625
P/S = 5.9784
P/B = 1.6704
P/EG = 16.6852
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 = 24.15b USD (16.08b + Debt 8.23b - CCE 155.4m)
Interest Coverage Ratio = 2.64 (Ebit TTM 945.6m / Interest Expense TTM 357.6m)
EV/FCF = 20.85x (Enterprise Value 24.15b / FCF TTM 1.16b)
FCF Yield = 4.80% (FCF TTM 1.16b / Enterprise Value 24.15b)
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 = 1.29 (Enterprise Value 24.15b / 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 = 3.05% (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 = 5.21% (E(16.08b)/V(24.31b) * Re(7.32%) + D(8.23b)/V(24.31b) * Rd(1.10%) * (1-Tc(0.00)))
Discount Rate = 7.32% (= CAPM, Blume Beta Adj.) -> floored to rf + 0.7*ERP = 7.95%
Shares Correlation 3-Years: -100.0 | Cagr: -0.05%
[DCF Debug] Terminal Value 86.92% ; FCFF base≈1.02b ; Y1≈1.08b ; Y5≈1.29b
Fair Price DCF = 49.39 (EV 38.35b - Net Debt 8.07b = Equity 30.28b / Shares 613.0m; r=5.90% [WACC]; 5y FCF grow 7.00% → 2.90% )
EPS Correlation: -28.86 | EPS CAGR: -45.92% | SUE: -4.0 | # QB: 0
Revenue Correlation: 98.36 | Revenue CAGR: 7.75% | SUE: 1.36 | # QB: 3
EPS next Quarter (2026-03-31): EPS=0.16 | Chg30d=+0.000 | Revisions Net=-1 | Analysts=1
EPS next Year (2026-12-31): EPS=0.75 | Chg30d=+0.020 | Revisions Net=-1 | Growth EPS=-1.6% | Growth Revenue=+3.5%

Additional Sources for INVH Stock

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