(INVH) Invitation Homes - Overview
Stock: Lease, Management, Single-Family, Rental, Access
| Risk 5d forecast | |
|---|---|
| Volatility | 20.6% |
| Relative Tail Risk | -2.12% |
| Reward TTM | |
|---|---|
| Sharpe Ratio | -0.70 |
| Alpha | -19.07 |
| Character TTM | |
|---|---|
| Beta | 0.378 |
| Beta Downside | 0.338 |
| Drawdowns 3y | |
|---|---|
| Max DD | 26.86% |
| CAGR/Max DD | -0.09 |
EPS (Earnings per Share)
Revenue
Description: INVH Invitation Homes February 13, 2026
Invitation Homes (NYSE: INVH) is the largest publicly traded single-family rental (SFR) owner-operator in the United States, positioning itself as a “premier” provider of leased homes that combine proximity to employment centers and quality schools. The company’s stated purpose-“Unlock the Power of Home”-signals a focus on delivering flexible, cost-effective housing solutions while emphasizing tenant care.
Key recent metrics (Q4 2023 / FY 2023):
• Revenue ≈ $2.8 billion, up 4 % YoY, driven by rent growth and portfolio expansion.
• Occupancy remained high at ~96.5 %, reflecting strong demand for single-family rentals.
• Average rent increased ~5.2 % YoY, outpacing the overall CPI inflation rate of ~3.7 %.
• Net operating income (NOI) reached $1.1 billion, with same-store NOI growth of 6 % in the most recent quarter.
Sector drivers include a persistent shortage of affordable homeownership options, elevated mortgage rates that push more households toward renting, and demographic trends (e.g., Millennials and Gen Z) favoring flexibility. These fundamentals underpin INVH’s revenue resilience but also expose the REIT to interest-rate sensitivity and regional labor-market cycles.
For a deeper quantitative dive into INVH’s valuation and risk profile, the ValueRay platform provides a transparent, data-rich toolkit worth exploring.
Piotroski VR‑10 (Strict, 0-10) 6.5
| Net Income: 586.5m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 2.06 > 1.0 |
| NWC/Revenue: 7.73% < 20% (prev 14.89%; Δ -7.16% < -1%) |
| CFO/TA 0.06 > 3% & CFO 1.21b > Net Income 586.5m |
| Net Debt (8.07b) to EBITDA (1.68b): 4.79 < 3 |
| Current Ratio: 1.51 > 1.5 & < 3 |
| Outstanding Shares: last quarter (613.1m) vs 12m ago -0.09% < -2% |
| Gross Margin: 60.01% > 18% (prev 0.59%; Δ 5942 % > 0.5%) |
| Asset Turnover: 14.07% > 50% (prev 13.16%; Δ 0.91% > 0%) |
| Interest Coverage Ratio: 2.64 > 6 (EBITDA TTM 1.68b / Interest Expense TTM 357.6m) |
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 -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) |
| Altman-Z'' Score: -0.05 = B |
Beneish M -3.07
| DSRI: 0.93 (Receivables 66.4m/68.4m, Revenue 2.70b/2.58b) |
| GMI: 0.98 (GM 60.01% / 59.02%) |
| AQI: 1.05 (AQ_t 0.96 / AQ_t-1 0.92) |
| SGI: 1.05 (Revenue 2.70b / 2.58b) |
| TATA: -0.03 (NI 586.5m - CFO 1.21b) / TA 18.78b) |
| Beneish M-Score: -3.07 (Cap -4..+1) = AA |
What is the price of INVH shares?
Over the past week, the price has changed by -1.32%, over one month by -1.65%, over three months by -1.46% and over the past year by -12.58%.
Is INVH a buy, sell or hold?
- StrongBuy: 5
- Buy: 6
- Hold: 13
- Sell: 0
- StrongSell: 0
What are the forecasts/targets for the INVH price?
| Issuer | Target | Up/Down from current |
|---|---|---|
| Wallstreet Target Price | 33.4 | 24.6% |
| Analysts Target Price | 33.4 | 24.6% |
INVH Fundamental Data Overview February 17, 2026
P/E Forward = 33.3333
P/S = 6.1516
P/B = 1.7188
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 = 24.62b USD (16.55b + Debt 8.23b - CCE 155.4m)
Interest Coverage Ratio = 2.64 (Ebit TTM 945.6m / Interest Expense TTM 357.6m)
EV/FCF = 21.25x (Enterprise Value 24.62b / FCF TTM 1.16b)
FCF Yield = 4.71% (FCF TTM 1.16b / Enterprise Value 24.62b)
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 = 1.31 (Enterprise Value 24.62b / 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 = 5.25% (E(16.55b)/V(24.78b) * Re(7.31%) + D(8.23b)/V(24.78b) * Rd(1.10%) * (1-Tc(0.00)))
Discount Rate = 7.31% (= 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=+0.002 | Revisions Net=+1 | Analysts=1
EPS next Year (2026-12-31): EPS=0.75 | Chg30d=+0.003 | Revisions Net=+1 | Growth EPS=-1.2% | Growth Revenue=+3.2%