Invitation Homes (INVH) Stock Forecast & Price Target
INVH$26.41-0.34 -1.27%
$15.60B
Market Cap
23.46
P/E
26.25
Forward P/E
53
Score
Invitation Homes (INVH) Stock Forecast & Price Target
INVH price $26.41 -0.34 -1.27%
- Ticker
- INVH
- Price
- $26.41
- Change
- -0.34 -1.27%
- Market cap ?
- $15.60B
- P/E ?
- 23.46
- Forward P/E ?
- 26.25
- Dividend yield ?
- 4.49%
- Beta ?
- 0.83
- Sector
- Real Estate
- Industry
- REIT - Residential
- Stocklytics score
- 53
- Value
- 47
- Quality
- 66
- Growth
- 46
Stocklytics score rationale: value 47, quality 66, growth 46.
Financials
| 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|
| 922587000 | 1054456000 | 1722962000 | 1764685000 | 1822828000 | 1996615000 | 2238121000 | 2432278000 | 2618942000 | 2729296000 |
Invitation Homes Inc., an S&P 500 company, is the nation’s premier single-family home leasing and management company, helping to expand housing through new development and strategic partnerships. Their purpose, Unlock the Power of Home, reflects their commitment to address America’s housing needs by delivering high-quality living solutions and genuine care to those who choose the flexibility and value of leasing…
Fair value
INVH fair value $13.35. Price $26.41. Price is 98% above fair value.
Above fair value, around its usual premium.
Fair value is an estimate of what one share is worth if future cash flows arrive as modeled. It is not a forecast of the share price. How discounted cash flow works.
Calculated with a 10-year free-cash-flow discount. Starting free cash flow 1.08B. Growth 7.08%. When analyst earnings forecasts are available, free cash flow in those years is forecast earnings times the company's usual conversion of earnings into free cash flow, kept between 60% and 130%. Years with fewer than 3 analyst estimates are left out. Growth then fades in a straight line to terminal growth by year 10, starting from the last well-covered year's growth, or from the pace across those years when the final year slows sharply, kept between 0% and 20%. Without those forecasts, year-1 growth is analyst revenue growth for the next full fiscal year, or 5-year historical revenue growth when that forecast is missing, held for five years, then fading in a straight line to terminal growth by year 10. Terminal growth 3.00%. Discount rate 8.88% (beta 0.8). Beta is kept between 0.8 and 2.0, which on its own would make the discount rate 8.7% to 15.3%. The rate is then capped at 12%. A cap is used because a discount above 12% pushes higher-beta stocks further from the price. The discount rate stays at least 5 percentage points above terminal growth. Shares 590.62M. Net debt 8.25B. The earnings value is next-12-months earnings per share, or trailing earnings when that forecast is missing, times the median P/E of the company's industry. That median uses listed stocks worth at least $10 billion with a positive P/E of 100 or below, and the industry needs at least eight of them. Otherwise the sector median is used when that group also has at least eight, then the market median of those large companies. The multiple used is the lower of that median and 1.25 times the stock's own 10-year median P/E, then kept between 8 and 30. If the stock has no 10-year median, the peer median is kept between 8 and 30. Fair value is the average of the cash-flow value and the earnings value when both exist. Card and credit companies use the earnings value only, because changes in customer receivables distort free cash flow. Model uncertainty is high when fair value is more than 60% from the price, or when most of the cash-flow value sits after year 10.
Model uncertainty high for this stock
Earnings
| Date | EPS actual | EPS estimate | Revenue | Revenue estimate |
|---|---|---|---|---|
| 2027-02-17 | — | 0.19 | — | 742.14M |
| 2026-10-28 | 0.27 | 0.18 | 731.28M | 742.55M |
| 2026-07-29 | 0.37 | 0.17 | 747.55M | 731.13M |
| 2026-04-29 | 0.26 | 0.18 | 734.11M | 689.92M |
| 2026-02-18 | 0.27 | 0.18 | 685.25M | 686.67M |
| 2025-10-29 | 0.22 | 0.47 | 688.17M | 683.00M |
| 2025-07-30 | 0.23 | 0.48 | 681.40M | 681.70M |
| 2025-04-30 | 0.27 | 0.47 | 674.48M | 664.43M |
| 2025-02-26 | 0.23 | 0.47 | 659.13M | 658.71M |
| 2024-10-30 | 0.15 | 0.17 | 660.32M | 660.30M |
| 2024-07-24 | 0.12 | 0.18 | 653.45M | 642.58M |
| 2024-04-30 | 0.23 | 0.18 | 646.04M | 642.04M |
| 2024-02-13 | 0.21 | 0.18 | 624.32M | 623.64M |
| 2023-10-25 | 0.21 | 0.17 | 617.70M | 611.77M |
| 2023-07-26 | 0.22 | 0.17 | 600.37M | 605.91M |
| 2023-05-01 | 0.20 | 0.16 | 589.89M | 591.20M |
| 2023-02-15 | 0.16 | 0.15 | 579.84M | 568.83M |
| 2022-10-26 | 0.13 | 0.16 | 568.67M | 561.27M |
| 2022-07-27 | 0.18 | 0.15 | 557.30M | 539.67M |
| 2022-04-27 | 0.15 | 0.14 | 532.31M | 526.49M |
| 2022-02-15 | 0.12 | 0.12 | 520.23M | 516.62M |
| 2021-10-27 | 0.12 | 0.10 | 509.53M | 495.60M |
| 2021-07-28 | 0.11 | 0.08 | 491.63M | 480.67M |
| 2021-04-28 | 0.10 | 0.07 | 475.23M | 448.07M |
| 2021-02-16 | 0.13 | 0.06 | 464.10M | 430.74M |
| 2020-10-28 | 0.06 | 0.04 | 459.18M | 306.12M |
| 2020-08-03 | 0.08 | 0.06 | 449.75M | 337.32M |
| 2020-05-06 | 0.09 | 0.05 | 449.79M | 333.97M |
| 2020-02-18 | 0.10 | 0.06 | 444.28M | 366.53M |
| 2019-10-29 | 0.06 | 0.03 | 443.33M | 221.66M |
| 2019-07-30 | 0.07 | 0.03 | 441.58M | 364.31M |
| 2019-05-06 | 0.04 | 0.02 | 435.50M | 217.75M |
| 2019-02-14 | 0.11 | 0.30 | 432.62M | 86.52M |
| 2018-11-05 | 0.00 | 0.29 | 434.25M | 843.52M |
| 2018-08-09 | 0.02 | 0.29 | 432.43M | 144.13M |
| 2018-05-14 | -0.03 | -0.01 | 423.67M | 423.70M |
| 2018-03-29 | -0.09 | — | 329.95M | — |
| 2017-11-08 | -0.07 | 0.08 | 243.54M | 278.29M |
| 2017-08-10 | 0.02 | 0.02 | 242.22M | 242.20M |
| 2017-05-11 | -0.14 | 0.25 | 238.75M | 17.06M |
Dividends
Yield 4.54%. Payout ratio 105.49%. Frequency Quarterly.
Safety score 68/100 · Moderate. Payout ratio is 105% of earnings, above what earnings cover. Dividends use a moderate share of free cash flow. Dividends were paid in 10 separate years. Yield is 4.5%, in a range that is usually sustainable.
| Ex-date | Dividend | Record | Payment | Frequency |
|---|---|---|---|---|
| 2026-09-24 | $0.30 | 2026-09-24 | 2026-10-16 | Quarterly |
| 2026-06-25 | $0.30 | 2026-06-25 | 2026-07-17 | Quarterly |
| 2026-03-26 | $0.30 | 2026-03-26 | 2026-04-17 | Quarterly |
| 2025-12-23 | $0.30 | 2025-12-23 | 2026-01-16 | Quarterly |
| 2025-09-25 | $0.29 | 2025-09-25 | 2025-10-17 | Quarterly |
| 2025-06-26 | $0.29 | 2025-06-26 | 2025-07-18 | Quarterly |
| 2025-03-27 | $0.29 | 2025-03-27 | 2025-04-17 | Quarterly |
| 2024-12-26 | $0.29 | 2024-12-26 | 2025-01-17 | Quarterly |
| 2024-09-26 | $0.28 | 2024-09-26 | 2024-10-18 | Quarterly |
| 2024-06-27 | $0.28 | 2024-06-27 | 2024-07-19 | Quarterly |
| 2024-03-27 | $0.28 | 2024-03-28 | 2024-04-19 | Quarterly |
| 2023-12-26 | $0.28 | 2023-12-27 | 2024-01-19 | Quarterly |
| 2023-11-06 | $0.26 | 2023-11-07 | 2023-11-22 | Quarterly |
| 2023-08-07 | $0.26 | 2023-08-08 | 2023-08-25 | Quarterly |
| 2023-05-09 | $0.26 | 2023-05-10 | 2023-05-26 | Quarterly |
| 2023-02-13 | $0.26 | 2023-02-14 | 2023-02-28 | Quarterly |
| 2022-11-07 | $0.22 | 2022-11-08 | 2022-11-23 | Quarterly |
| 2022-08-08 | $0.22 | 2022-08-09 | 2022-08-26 | Quarterly |
| 2022-05-09 | $0.22 | 2022-05-10 | 2022-05-27 | Quarterly |
| 2022-02-11 | $0.22 | 2022-02-14 | 2022-02-28 | Quarterly |
| 2021-11-08 | $0.17 | 2021-11-09 | 2021-11-24 | Quarterly |
| 2021-08-09 | $0.17 | 2021-08-10 | 2021-08-27 | Quarterly |
| 2021-05-10 | $0.17 | 2021-05-11 | 2021-05-28 | Quarterly |
| 2021-02-09 | $0.17 | 2021-02-10 | 2021-02-26 | Quarterly |
| 2020-11-09 | $0.15 | 2020-11-10 | 2020-11-25 | Quarterly |
| 2020-08-11 | $0.15 | 2020-08-12 | 2020-08-28 | Quarterly |
| 2020-05-12 | $0.15 | 2020-05-13 | 2020-05-29 | Quarterly |
| 2020-02-11 | $0.15 | 2020-02-12 | 2020-02-28 | Quarterly |
| 2019-11-12 | $0.13 | 2019-11-13 | 2019-11-27 | Quarterly |
| 2019-08-14 | $0.13 | 2019-08-15 | 2019-08-30 | Quarterly |
| 2019-05-14 | $0.13 | 2019-05-15 | 2019-05-31 | Quarterly |
| 2019-02-12 | $0.13 | 2019-02-13 | 2019-02-28 | Quarterly |
| 2018-11-13 | $0.11 | 2018-11-14 | 2018-11-30 | Quarterly |
| 2018-08-15 | $0.11 | 2018-08-16 | 2018-08-31 | Quarterly |
| 2018-05-14 | $0.11 | 2018-05-15 | 2018-05-31 | Quarterly |
| 2018-02-12 | $0.11 | 2018-02-13 | 2018-02-28 | Quarterly |
| 2017-10-23 | $0.08 | 2017-10-24 | 2017-11-07 | Quarterly |
| 2017-08-11 | $0.08 | 2017-08-15 | 2017-08-31 | Quarterly |
| 2017-05-11 | $0.06 | 2017-05-15 | 2017-05-31 | Quarterly |
Insider trades
| Date | Insider | Action | Shares | Price | Value |
|---|---|---|---|---|---|
| 2026-07-31 | Eisen Scott G. | Sell | 7.42K | $29.72 | 220.52K |
| 2026-05-07 | Howard Hugh Wyman III | Buy | 6.56K | — | — |
| 2026-05-07 | Sevilla-Sacasa Frances Aldrich | Buy | 6.56K | — | — |
| 2026-05-07 | KELTER JEFFREY E | Buy | 6.56K | — | — |
| 2026-05-07 | Margolis Joseph D | Buy | 6.56K | — | — |
| 2026-05-07 | Fascitelli Michael D | Buy | 6.56K | — | — |
| 2026-05-07 | TAYLOR KEITH D | Buy | 6.56K | — | — |
| 2026-05-07 | Smith Kenny Kellyn | Buy | 6.56K | — | — |
| 2026-05-07 | Barbe, Cohen Jana | Buy | 6.56K | — | — |
| 2026-05-05 | SOLLS MARK A | Buy | 8.73K | — | — |
| 2026-03-01 | Lobner Timothy J. | Buy | 227.79K | — | — |
| 2026-03-01 | Lobner Timothy J. | Buy | 21.07K | — | — |
| 2026-03-01 | Lobner Timothy J. | Sell | 730 | $26.34 | 19.23K |
| 2026-03-01 | Lobner Timothy J. | Sell | 808 | $26.34 | 21.28K |
| 2026-03-01 | Lobner Timothy J. | Sell | 1.51K | $26.34 | 39.80K |
| 2026-03-01 | Eisen Scott G. | Buy | 170.84K | — | — |
| 2026-03-01 | Eisen Scott G. | Buy | 33.70K | — | — |
| 2026-03-01 | Eisen Scott G. | Sell | 1.41K | $26.34 | 37.17K |
| 2026-03-01 | Eisen Scott G. | Sell | 2.02K | $26.34 | 53.13K |
| 2026-03-01 | Olsen Jonathan S. | Buy | 189.83K | — | — |
| 2026-03-01 | Olsen Jonathan S. | Buy | 25.63K | — | — |
| 2026-03-01 | Olsen Jonathan S. | Sell | 1.30K | $26.34 | 34.16K |
| 2026-03-01 | Olsen Jonathan S. | Sell | 1.43K | $26.34 | 37.53K |
| 2026-03-01 | Olsen Jonathan S. | Sell | 2.22K | $26.34 | 58.42K |
| 2026-03-01 | Tanner Dallas B | Buy | 379.65K | — | — |
| 2026-03-01 | Tanner Dallas B | Buy | 107.19K | — | — |
| 2026-03-01 | Tanner Dallas B | Sell | 8.10K | $26.34 | 213.38K |
| 2026-03-01 | Tanner Dallas B | Sell | 7.62K | $26.34 | 200.68K |
| 2026-03-01 | Tanner Dallas B | Sell | 10.57K | $26.34 | 278.49K |
| 2026-03-01 | Norrell Kimberly K | Buy | 7.83K | — | — |
| 2026-03-01 | Norrell Kimberly K | Sell | 268 | $26.34 | 7.06K |
| 2026-03-01 | Norrell Kimberly K | Sell | 265 | $26.34 | 6.98K |
| 2026-03-01 | Norrell Kimberly K | Sell | 460 | $26.34 | 12.12K |
| 2026-03-01 | SOLLS MARK A | Buy | 15.61K | — | — |
| 2026-03-01 | SOLLS MARK A | Sell | 844 | $26.34 | 22.23K |
| 2026-03-01 | SOLLS MARK A | Sell | 781 | $26.34 | 20.57K |
| 2026-03-01 | SOLLS MARK A | Sell | 1.30K | $26.34 | 34.37K |
| 2026-02-23 | Lobner Timothy J. | Buy | 5.34K | — | — |
| 2026-02-23 | Lobner Timothy J. | Sell | 2.27K | $25.66 | 58.12K |
| 2026-02-23 | SOLLS MARK A | Buy | 7.51K | — | — |
| 2026-02-23 | SOLLS MARK A | Sell | 2.63K | $25.66 | 67.46K |
| 2026-02-23 | Norrell Kimberly K | Buy | 7.48K | — | — |
| 2026-02-23 | Norrell Kimberly K | Sell | 2.08K | $25.66 | 53.24K |
| 2026-02-23 | Olsen Jonathan S. | Buy | 9.49K | — | — |
| 2026-02-23 | Olsen Jonathan S. | Sell | 3.90K | $25.66 | 100.13K |
| 2026-02-23 | Tanner Dallas B | Buy | 59.29K | — | — |
| 2026-02-23 | Tanner Dallas B | Sell | 23.33K | $25.66 | 598.62K |
| 2025-08-01 | Eisen Scott G. | Sell | 7.42K | — | — |
| 2025-06-13 | Tanner Dallas B | Sell | 148.75K | $33.41 | 4.97M |
| 2025-06-13 | Tanner Dallas B | Sell | 31.06K | — | — |
| 2025-05-15 | Fascitelli Michael D | Buy | 5.58K | — | — |
| 2025-05-15 | Sevilla-Sacasa Frances Aldrich | Buy | 5.58K | — | — |
| 2025-05-15 | TAYLOR KEITH D | Buy | 5.58K | — | — |
| 2025-05-15 | Rhea John B | Buy | 5.58K | — | — |
| 2025-05-15 | KELTER JEFFREY E | Buy | 5.58K | — | — |
| 2025-05-15 | Barbe, Cohen Jana | Buy | 5.58K | — | — |
| 2025-05-15 | Margolis Joseph D | Buy | 5.58K | — | — |
| 2025-05-15 | Howard Hugh Wyman III | Buy | 5.58K | — | — |
| 2025-05-15 | Smith Kenny Kellyn | Buy | 5.58K | — | — |
| 2025-05-15 | Smith Kenny Kellyn | Other | 0 | — | — |
| 2025-04-07 | Norrell Kimberly K | Buy | 12.88K | — | — |
| 2025-04-07 | Young Charles D. | Buy | 50.89K | — | — |
| 2025-04-07 | Tanner Dallas B | Buy | 124.05K | — | — |
| 2025-04-07 | SOLLS MARK A | Buy | 24.17K | — | — |
| 2025-04-07 | Olsen Jonathan S. | Buy | 12.98K | — | — |
| 2025-04-07 | Lobner Timothy J. | Buy | 19.08K | — | — |
| 2025-03-02 | Lobner Timothy J. | Other | 0 | — | — |
| 2025-03-02 | Lobner Timothy J. | Other | 40.48K | — | — |
| 2025-03-01 | Young Charles D. | Buy | 31.36K | — | — |
| 2025-03-01 | Young Charles D. | Sell | 2.12K | $34.01 | 72.24K |
| 2025-03-01 | Young Charles D. | Sell | 2.97K | $34.01 | 101.04K |
| 2025-03-01 | Young Charles D. | Sell | 2.85K | $34.01 | 96.89K |
| 2025-03-01 | Norrell Kimberly K | Buy | 5.66K | — | — |
| 2025-03-01 | Norrell Kimberly K | Sell | 213 | $34.01 | 7.24K |
| 2025-03-01 | Norrell Kimberly K | Sell | 268 | $34.01 | 9.11K |
| 2025-03-01 | Norrell Kimberly K | Sell | 310 | $34.01 | 10.54K |
| 2025-03-01 | Olsen Jonathan S. | Buy | 16.91K | — | — |
| 2025-03-01 | Olsen Jonathan S. | Sell | 307 | $34.01 | 10.44K |
| 2025-03-01 | Olsen Jonathan S. | Sell | 1.30K | $34.01 | 44.11K |
| 2025-03-01 | Olsen Jonathan S. | Sell | 1.43K | $34.01 | 48.67K |
| 2025-03-01 | Tanner Dallas B | Buy | 80.60K | — | — |
| 2025-03-01 | Tanner Dallas B | Sell | 6.25K | $34.01 | 212.56K |
| 2025-03-01 | Tanner Dallas B | Sell | 8.10K | $34.01 | 275.52K |
| 2025-03-01 | Tanner Dallas B | Sell | 7.62K | $34.01 | 259.12K |
| 2025-03-01 | Eisen Scott G. | Buy | 24.85K | — | — |
| 2025-03-01 | Eisen Scott G. | Sell | 1.37K | $34.01 | 46.59K |
| 2025-03-01 | SOLLS MARK A | Buy | 12.09K | — | — |
| 2025-03-01 | SOLLS MARK A | Sell | 648 | $34.01 | 22.04K |
| 2025-03-01 | SOLLS MARK A | Sell | 844 | $34.01 | 28.70K |
| 2025-03-01 | SOLLS MARK A | Sell | 781 | $34.01 | 26.56K |
| 2025-02-21 | Norrell Kimberly K | Buy | 2.56K | — | — |
| 2025-02-21 | Norrell Kimberly K | Sell | 760 | $31.89 | 24.24K |
| 2025-02-21 | Tanner Dallas B | Buy | 45.72K | — | — |
| 2025-02-21 | Tanner Dallas B | Sell | 17.99K | $31.89 | 573.67K |
| 2025-02-21 | Olsen Jonathan S. | Buy | 2.24K | — | — |
| 2025-02-21 | Olsen Jonathan S. | Sell | 1.00K | $31.89 | 31.95K |
| 2025-02-21 | Young Charles D. | Buy | 15.54K | — | — |
| 2025-02-21 | Young Charles D. | Sell | 6.20K | $31.89 | 197.85K |
| 2025-02-21 | SOLLS MARK A | Buy | 5.77K | — | — |
| 2025-02-21 | SOLLS MARK A | Sell | 2.01K | $31.89 | 64.19K |
Institutional holders
Latest filed quarter: Q2 2026.
Institutions holding: 636, holders +39 vs prior quarter. Ownership 101.77%.
| Holder | Shares | Change | Change % | Value |
|---|---|---|---|---|
| BLACKROCK, INC. | 61.80M | -2.52M | -3.92% | 1.87B |
| NORGES BANK | 51.51M | 51.51M | New | 1.56B |
| VANGUARD PORTFOLIO MANAGEMENT LLC | 48.04M | -1.35M | -2.74% | 1.45B |
| STATE STREET CORP | 38.05M | -1.18M | -3.00% | 1.16B |
| VANGUARD CAPITAL MANAGEMENT LLC | 37.31M | 140.86K | +0.38% | 1.13B |
| COHEN & STEERS, INC. | 37.13M | 1.95M | +5.54% | 1.12B |
| FMR LLC | 17.37M | -894.69K | -4.90% | 524.67M |
| GEODE CAPITAL MANAGEMENT, LLC | 17.12M | -193.59K | -1.12% | 515.41M |
| APG ASSET MANAGEMENT US INC. | 15.98M | 0 | 0.00% | 484.85M |
| INVESCO LTD. | 14.99M | 357.45K | +2.44% | 452.86M |
| CENTERSQUARE INVESTMENT MANAGEMENT LLC | 8.94M | 1.49M | +20.00% | 270.07M |
| MADISON AVENUE PARTNERS, LP | 8.34M | 8.34M | New | 251.81M |
| DIMENSIONAL FUND ADVISORS LP | 8.23M | -145.98K | -1.74% | 248.74M |
| JPMORGAN CHASE & CO | 8.01M | -20.62K | -0.26% | 245.17M |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 7.93M | 175.89K | +2.27% | 239.43M |
| SIXTH STREET PARTNERS MANAGEMENT COMPANY, L.P. | 7.93M | 7.93M | New | 239.43M |
| MORGAN STANLEY | 7.46M | 617.04K | +9.02% | 225.36M |
| GOLDMAN SACHS GROUP INC | 7.13M | -3.02M | -29.75% | 215.34M |
| DEUTSCHE BANK AG\ | 6.41M | 3.84M | +149.15% | 193.54M |
| UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC | 5.97M | 5.97M | New | 180.39M |
| NORTHERN TRUST CORP | 5.94M | 34.60K | +0.59% | 179.41M |
| DAIWA SECURITIES GROUP INC. | 5.30M | -180.92K | -3.30% | 160.24M |
| AQR CAPITAL MANAGEMENT LLC | 4.68M | 689.67K | +17.26% | 141.47M |
| LEGAL & GENERAL GROUP PLC | 4.65M | -1.09M | -19.05% | 140.43M |
| RUSH ISLAND MANAGEMENT, LP | 4.55M | 308.07K | +7.27% | 137.31M |
Forecast
Consensus Buy from 26 analysts. Average price target $31.55, +19.5% versus the current price. Low $27.00. High $35.00.
Insights · Dividends · Forecast · Financials · Learn