INVH Stock Analysis: Invitation Homes | NYSE
REIT - Residential | NYSE, USA | Market Cap: 18.041m USD | 12M Return: 6.1% | US46187W1071 | Charts, Fundamentals & Technical Analysis
Avg Turnover: 125M
EPS Trend: 72.9%
Qual. Beats: 1
Rev. Trend: 99.2%
Qual. Beats: 2
Warnings
Tailwinds
No distinct edge detected
Seasonality 9.5 years of data
How good or bad each month usually is (without trend). The score below shows how much you can trust it: 0 = pure chance, >40 gets interesting and >55 is strong.
Invitation Homes Inc. (NYSE: INVH) is a leading owner and operator of single-family homes for lease in the United States, operating primarily in 16 core markets concentrated in the Western U.S., Florida, and the Southeast. As of December 31, 2025, the company wholly owns 86,192 homes, jointly owns 8,006 homes, and provides third-party property and asset management services for an additional 15,866 homes. The company is structured as a Single-Family Residential REIT, a specialized real estate investment trust category that focuses on renting detached single-family residences rather than apartment buildings, and benefits from a vertically integrated platform for acquiring, renovating, leasing, and managing properties.
The companys portfolio targets larger family-oriented rental homes averaging approximately 1,880 square feet with three to four bedrooms and two bathrooms, catering to residents seeking more space and stability than typical multifamily housing. Founded in 2012 and headquartered in Dallas, Invitation Homes employs a strategy focused on markets with strong demand drivers, high barriers to entry, and attractive rent growth potential, using both organic acquisitions and strategic mergers and acquisitions to build local density and scale efficiencies. As a REIT, the company is generally required to distribute the majority of its taxable income to shareholders, making dividend yield a key feature of its investment profile.
- Sun Belt migration lifts occupancy and same-store rent growth
- Elevated mortgage rates sustain single-family rental demand
- Property tax increases pressure operating margins in core Western markets
| Net Income: 660.6m TTM > 0 and > 6% of Revenue |
| FCF/TA: 0.06 > 0.02 and ΔFCF/TA 0.21 > 1.0 |
| NWC/Revenue: -23.72% < 20% (prev -12.24%; Δ -11.48% < -1%) |
| CFO/TA 0.07 > 3% & CFO 1.20b > Net Income 660.6m |
| Net Debt (8.47b) to EBITDA (1.74b): 4.86 < 3 |
| Current Ratio: 0.33 > 1.5 & < 3 |
| Outstanding Shares: last quarter (592.5m) vs 12m ago -3.39% < -2% |
| Gross Margin: 44.37% > 18% (prev 58.94%; Δ -14.57% > 0.5%) |
| Asset Turnover: 15.39% > 50% (prev 14.34%; Δ 1.05% > 0%) |
| Interest Coverage Ratio: 2.64 > 6 (EBIT TTM 979.0m / Interest Expense TTM 371.0m) |
| A: -0.04 (Total Current Assets 327.3m - Total Current Liabilities 1.00b) / Total Assets 18.4b |
| B: -0.09 (Retained Earnings -1.59b / Total Assets 18.4b) |
| C: 0.05 (EBIT TTM 979.0m / Avg Total Assets 18.6b) |
| D: 0.97 (Book Value of Equity 9.05b / Total Liabilities 9.36b) |
| Altman-Z'' = 0.85 = B |
| DSRI: 1.47 (Receivables 99.3m/63.5m, Revenue 2.86b/2.68b) |
| GMI: 1.33 (GM 58.94% / 44.37%) |
| AQI: 0.07 (AQ_t 0.07 / AQ_t-1 0.97) |
| SGI: 1.07 (Revenue 2.86b / 2.68b) |
| TATA: -0.03 (NI 660.6m - CFO 1.20b) / TA 18.4b) |
| Beneish M = -2.85 (Cap -4..+1) = A |
As of August 10, 2026, the stock is trading at USD 30.37 with a total of 2,054,859 shares traded. Over the past week, the price has changed by +2.19%, over one month by +3.40%, over three months by +6.09% and over the past year by +6.07%.
Current recommended Stop Loss: 28.90 (which is 4.8% or 2.5 ATR below the current price).
Invitation Homes has received a consensus analysts rating of 3.67. Therefore, it is recommended to hold INVH.
- StrongBuy: 5
- Buy: 6
- Hold: 13
- Sell: 0
- StrongSell: 0
| Analysts Target Price | 33.4 | 10.1% |
P/E Trailing = 27.8624
P/E Forward = 32.6797
P/S = 6.3346
P/B = 1.9925
P/EG = 12.9175
Revenue TTM = 2.86b USD
EBIT TTM = 979.0m USD
EBITDA TTM = 1.74b USD
Long Term Debt = 8.25b USD (from longTermDebt, last quarter)
Short Term Debt = 3.17m USD (from shortTermDebt, last quarter)
Debt = 8.55b USD (from shortLongTermDebtTotal, last quarter)
Net Debt = 8.47b USD (calculated: Debt 8.55b - CCE 75.8m)
Enterprise Value = 26.5b USD (18.0b + Debt 8.55b - CCE 75.8m)
Interest Coverage Ratio = 2.64 (Ebit TTM 979.0m / Interest Expense TTM 371.0m)
EV/FCF = 23.99x (Enterprise Value 26.5b / FCF TTM 1.10b)
FCF Yield = 4.17% (FCF TTM 1.10b / Enterprise Value 26.5b)
FCF Margin = 38.70% (FCF TTM 1.10b / Revenue TTM 2.86b)
Net Margin = 23.14% (Net Income TTM 660.6m / Revenue TTM 2.86b)
Gross Margin = 44.37% ((Revenue TTM 2.86b - Cost of Revenue TTM 1.59b) / Revenue TTM)
Gross Margin QoQ = 55.10% (prev 55.10%)
Tobins Q-Ratio = 1.44 (Enterprise Value 26.5b / Total Assets 18.4b)
Interest Expense / Debt = 4.34% (Interest Expense 371.0m / Debt 8.55b)
Taxrate = 21.0% (US federal default 21%)
NOPAT = 773.4m (EBIT 979.0m * (1 - 21.00%))
Current Ratio = 0.25 (Total Current Assets 327.3m / Total Current Liabilities 1.33b)
Debt / Equity = 0.94 (Debt 8.55b / totalStockholderEquity, last quarter 9.05b)
Debt / EBITDA = 4.86 (Net Debt 8.47b / EBITDA 1.74b)
Debt / FCF = 7.67 (Net Debt 8.47b / FCF TTM 1.10b)
Total Stockholder Equity = 9.33b (last 4 quarters mean from totalStockholderEquity)
RoA = 3.56% (Net Income 660.6m / Total Assets 18.4b)
RoE = 7.08% (Net Income TTM 660.6m / Total Stockholder Equity 9.33b)
RoCE = 5.57% (EBIT 979.0m / Capital Employed (Equity 9.33b + L.T.Debt 8.25b))
RoIC = 4.21% (NOPAT 773.4m / Invested Capital 18.4b)
WACC = 5.34% (E(18.0b)/V(26.6b) * Re(6.24%) + D(8.55b)/V(26.6b) * Rd(4.34%) * (1-Tc(0.21)))
Discount Rate = 6.24% (= CAPM, Blume Beta Adj.)
Shares (quarterly) Correlation: -67.59 | Cagr: -1.56%
[DCF] Terminal Value 75.77% ; FCFF base≈1.09b ; Y1≈1.12b ; Y5≈1.24b
[DCF] Fair Price = 18.03 (EV 19.2b - Net Debt 8.47b = Equity 10.7b / Shares 594.0m; r=8.35% [WACC [floored]]; 5y FCF grow 2.52% → 2.50% )
EPS Correlation: 72.93 | EPS CAGR: 23.53% | SUE: 1.17 | # QB: 1
Revenue Correlation: 99.16 | Revenue CAGR: 6.15% | SUE: 0.90 | # QB: 2
EPS current Quarter (2026-09-30): EPS=0.14 | Chg30d=+2.58% | Revisions=+0% | Analysts=2
EPS current Year (2026-12-31): EPS=0.62 | Chg30d=-0.29% | Revisions=-25% | GrowthEPS=-1.2% | GrowthRev=+7.4%
EPS next Year (2027-12-31): EPS=0.68 | Chg30d=+2.10% | Revisions=+25% | GrowthEPS=+10.5% | GrowthRev=+2.0%
[Analyst] Revisions Ratio: +0% (up=1, down=1)