Invitation HomesINVH
Market Cap: $22B
About: Invitation Homes owns a portfolio of nearly 85,000 single-family rental homes. The company focuses on owning homes in the starter and move-up segments of the housing market with an average sale price around $350,000 and generally less than 1,800 square feet. The portfolio is spread across 16 target markets that feature high employment and household formation growth with almost 70% of the portfolio in the Western U.S. and Florida; 15 of the 16 markets featuring average rents lower than homeownership costs.
Employees: 1,555
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
67% more first-time investments, than exits
New positions opened: 65 | Existing positions closed: 39
18% more repeat investments, than reductions
Existing positions increased: 216 | Existing positions reduced: 183
5% more funds holding
Funds holding: 499 [Q1] → 525 (+26) [Q2]
2.14% more ownership
Funds ownership: 95.9% [Q1] → 98.03% (+2.14%) [Q2]
3% more capital invested
Capital invested by funds: $20.9B [Q1] → $21.6B (+$681M) [Q2]
0% more funds holding in top 10
Funds holding in top 10: 15 [Q1] → 15 (+0) [Q2]
27% less call options, than puts
Call options by funds: $14.4M | Put options by funds: $19.7M
Research analyst outlook
11 Wall Street Analysts provided 1 year price targets over the past 3 months
11 analyst ratings
Goldman Sachs Julien Blouin 100% 1-year accuracy 4 / 4 met price target | 28%upside $46 | Buy Initiated | 4 Sept 2024 |
Evercore ISI Group Steve Sakwa 66% 1-year accuracy 31 / 47 met price target | 6%upside $38 | Outperform Maintained | 28 Aug 2024 |
Wells Fargo James Feldman 82% 1-year accuracy 14 / 17 met price target | 6%upside $38 | Equal-Weight Downgraded | 26 Aug 2024 |
UBS Michael Goldsmith 75% 1-year accuracy 6 / 8 met price target | 17%upside $42 | Buy Maintained | 16 Aug 2024 |
Keefe, Bruyette & Woods Jade Rahmani 70% 1-year accuracy 19 / 27 met price target | 3%upside $37 | Market Perform Maintained | 30 Jul 2024 |
Financial journalist opinion
Based on 7 articles about INVH published over the past 30 days