Invitation HomesINVH
INVH
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
0
Funds holding %
of 6,809 funds
0
Analysts bullish %
of 6 analysts
Fund manager confidence
Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)
0% more funds holding
Funds holding: 529 [Q2] → 529 (+0) [Q3]
0% more first-time investments, than exits
New positions opened: 68 | Existing positions closed: 68
1% less repeat investments, than reductions
Existing positions increased: 198 | Existing positions reduced: 201
8.5% less ownership
Funds ownership: 99.81% [Q2] → 91.31% (-8.5%) [Q3]
10% less capital invested
Capital invested by funds: $21.9B [Q2] → $19.7B (-$2.26B) [Q3]
20% less funds holding in top 10
Funds holding in top 10: 15 [Q2] → 12 (-3) [Q3]
40% less call options, than puts
Call options by funds: $42.4M | Put options by funds: $71M
Research analyst outlook
6 Wall Street Analysts provided 1 year price targets over the past 3 months
Low target
$34
6%
upside
Avg. target
$37
14%
upside
High target
$40
24%
upside
6 analyst ratings
2 positive
33%
4 neutral
67%
0 negative
0%
Barclays Richard Hightower 25% 1-year accuracy 2 / 8 met price target | 18%upside $38 | Overweight Initiated | 17 Dec 2024 |
JMP Securities Aaron Hecht 55% 1-year accuracy 21 / 38 met price target | 24%upside $40 | Market Outperform Reiterated | 12 Dec 2024 |
Keefe, Bruyette & Woods Jade Rahmani 45% 1-year accuracy 13 / 29 met price target | 9%upside $35 | Market Perform Maintained | 6 Nov 2024 |
RBC Capital Brad Heffern 47% 1-year accuracy 18 / 38 met price target | 6%upside $34 | Sector Perform Maintained | 1 Nov 2024 |
Mizuho Haendel St. Juste 53% 1-year accuracy 8 / 15 met price target | 9%upside $35 | Neutral Maintained | 10 Oct 2024 |
Financial journalist opinion
Based on 6 articles about INVH published over the past 30 days
Neutral
Seeking Alpha
5 days ago
Fed Ahead
Ahead of the Federal Reserve's critical interest rate decision next week, U.S. equity markets snapped a three-week winning streak as benchmark interest rates jumped to the cusp of five-month highs. Lukewarm CPI and PPI inflation reports were "good enough" to solidify another Fed rate cut next week, but "sticky" trends called into question the outlook for continued easing in 2025. After setting a series of fresh record-highs in the prior week, the S&P 500 slipped 0.6% this week, but still remains on pace for its best year since 2019.
Neutral
Business Wire
1 week ago
Invitation Homes Announces Cash Dividend
DALLAS--(BUSINESS WIRE)--Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”), the nation's premier single-family home leasing and management company, announced today that its board of directors has declared a regular quarterly cash dividend of $0.29 per share payable on shares of its common stock, representing a 3.6% increase over the prior quarterly dividend of $0.28 per share. The dividend will be paid on or before January 17, 2025, to stockholders of record of the Compan.
Positive
Seeking Alpha
1 week ago
Invitation Homes: Risk/Return Profile Looks Quite Favorable
Invitation Homes has underperformed in 2024, but high mortgage rates and low home affordability make renting attractive, supporting steady demand. Despite recent rental growth deceleration, Invitation Homes benefits from a favorable external environment with high homeownership costs and growing demand for single-family homes. The company trades at a low valuation, with an implied cap rate of 5.5% and the potential for 10-17% annualized returns over the next 4 years.
Positive
Seeking Alpha
2 weeks ago
Invitation Homes: Attractive Valuation Despite Moderating Rental Inflation
Invitation Homes (INVH) has underperformed, rising only 2% in the past year, missing out on the broader market rally. INVH's strong cost discipline and positive rental inflation, despite weaker apartment rental rates, support a favorable outlook. Higher home prices and mortgage rates make renting attractive, boosting INVH's single-family rental model and valuation.
Positive
Seeking Alpha
2 weeks ago
Property Type Round-Up From REITworld 2024
REITs are poised for growth with stabilizing interest rates, low new supply, and robust balance sheets supporting higher rents and long-term asset growth. Healthcare REITs benefit from strong senior housing demand and limited new supply, despite valuation debates and management changes at Healthcare Realty. Multifamily and single-family rental sectors show regional variability, but long-term growth driven by demographic trends.
Positive
Seeking Alpha
3 weeks ago
Home For The Holidays
U.S. equity markets rebounded this week as investors weighed a relatively strong slate of housing market data and solid retail earnings against heightened geopolitical volatility in Eastern Europe. Following its worst week in two months, the S&P 500 advanced 1.7% this week - effectively erasing last week's 2% declines and extending its post-election gains to around 5%. Real estate equities - which lagged in two post-election weeks amid a rebound in interest rates - were among the leaders this week following an encouraging slate of REITworld updates.
Neutral
Business Wire
1 month ago
Invitation Homes Announces $200 Million Joint Venture
DALLAS--(BUSINESS WIRE)--Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”), the nation's premier single-family home leasing and management company, announced today that it has entered into an agreement to form a new joint venture partnership (the “JV”) with a leading global real estate investment partner. The JV will leverage the Company's strong homebuilder partnerships, management expertise, and unmatched scale to invest in newly-constructed homes and communities in sev.
Neutral
Business Wire
1 month ago
Invitation Homes Issues Sustainability Report
DALLAS--(BUSINESS WIRE)--Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”), the nation's premier home leasing and management company, today issued its annual sustainability report, Bringing Sustainability Home, which addresses the Company's 2023 sustainability initiatives and achievements. “This report is a testament to our unwavering commitment to driving long-term value for all our stakeholders,” said Chief Executive Officer Dallas Tanner. “At Invitation Homes, sustaina.
Neutral
Business Wire
1 month ago
Invitation Homes Announces Voluntary Prepayment of IH 2018-4 Securitization
DALLAS--(BUSINESS WIRE)--Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”) announced today that it has voluntarily prepaid without penalty the outstanding balance of its IH 2018-4 securitization, as planned. As of September 30, 2024, the IH 2018-4 securitization had an outstanding principal balance of approximately $630.2 million, inclusive of approximately $31.6 million of retained certificates held by Invitation Homes to comply with risk retention rules. The Company pre.
Negative
Seeking Alpha
1 month ago
5 U.S. REITs Suspend Dividends Amid 2024 Cuts
Five US real estate investment trusts have suspended dividends so far this year, while six other REITs have lowered regular dividend payouts. The activity contrasts with the more than one-third of the US REIT industry that have raised dividends during the first three quarters of 2024. Shopping center landlord SITE Centers Corp. was the most recent addition to the list of REITs that suspended dividends this year.
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