| Snowflake Score | |
|---|---|
| Valuation | 0/6 |
| Future Growth | 2/6 |
| Past Performance | 3/6 |
| Financial Health | 2/6 |
| Dividends | 3/6 |
INVH Stock Overview
Invitation Homes is the nation's premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools.
Invitation Homes Competitors
Price History & Performance
| Historical stock prices | |
|---|---|
| Current Share Price | US$41.84 |
| 52 Week High | US$45.80 |
| 52 Week Low | US$27.44 |
| Beta | 0.89 |
| 1 Month Change | -3.46% |
| 3 Month Change | 2.35% |
| 1 Year Change | 39.05% |
| 3 Year Change | 97.64% |
| 5 Year Change | n/a |
| Change since IPO | 109.20% |
Recent News & Updates
Invitation Homes: Ride This Rocket
Invitation Homes may seem unappealing because of their low dividend yield. In several ways detailed here, they are a growth-oriented REIT. Quantitatively, INVH has a real potential to rocket upward for many years.
Invitation Homes: Well Positioned In The Surging Single Family Rental Space
Institutional funds are pouring into Single Family Rental investment. INVH was first and remains the largest. Declining affordability, sustaining demand, and access to low-cost capital pave the way for continued growth.
Invitation Homes Is The Best REIT With Fair Price
Invitation Homes is one of the US public investment funds focused on the purchase of real estate, the main focus of which is on providing single-family house rental services. In 2022, the growth rate of rental payments will increase, and in 2023, the growth rate will be 2 times higher than the level up to 2021. The total revenue by the end of 2021 will grow by 10% YoY to $1996 million, and by the end of 2022, it will grow by 12% YoY to $2245 million.
Shareholder Returns
| INVH | US REITs | US Market | |
|---|---|---|---|
| 7D | -4.1% | -3.2% | -4.6% |
| 1Y | 39.1% | 25.7% | 7.7% |
Return vs Industry: INVH exceeded the US REITs industry which returned 25.7% over the past year.
Return vs Market: INVH exceeded the US Market which returned 7.7% over the past year.
Price Volatility
| INVH volatility | |
|---|---|
| INVH Average Weekly Movement | 2.8% |
| REITs Industry Average Movement | 4.0% |
| Market Average Movement | 6.6% |
| 10% most volatile stocks in US Market | 15.7% |
| 10% least volatile stocks in US Market | 2.4% |
Stable Share Price: INVH is less volatile than 75% of US stocks over the past 3 months, typically moving +/- 3% a week.
Volatility Over Time: INVH's weekly volatility (3%) has been stable over the past year.
About the Company
| Founded | Employees | CEO | Website |
|---|---|---|---|
| 2012 | 1,149 | Dallas Tanner | https://www.InvitationHomes.com |
Invitation Homes is the nation's premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, "Together with you, we make a house a home," reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.
Invitation Homes Fundamentals Summary
| INVH fundamental statistics | |
|---|---|
| Market Cap | US$25.08b |
| Earnings (TTM) | US$257.21m |
| Revenue (TTM) | US$1.94b |
97.5x
P/E Ratio12.9x
P/S RatioIs INVH overvalued?
See Fair Value and valuation analysisEarnings & Revenue
| INVH income statement (TTM) | |
|---|---|
| Revenue | US$1.94b |
| Cost of Revenue | US$763.22m |
| Gross Profit | US$1.18b |
| Expenses | US$920.63m |
| Earnings | US$257.21m |
Last Reported Earnings
Sep 30, 2021
Next Earnings Date
n/a
| Earnings per share (EPS) | 0.43 |
| Gross Margin | 60.68% |
| Net Profit Margin | 13.25% |
| Debt/Equity Ratio | 86.0% |
How did INVH perform over the long term?
See historical performance and comparisonDividends
1.6%
Current Dividend Yield48%
Payout RatioValuation
Is Invitation Homes undervalued compared to its fair value and its price relative to the market?
97.49x
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: INVH ($41.84) is trading above our estimate of fair value ($41.11)
Significantly Below Fair Value: INVH is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: INVH is poor value based on its PE Ratio (97.5x) compared to the US REITs industry average (45.5x).
PE vs Market: INVH is poor value based on its PE Ratio (97.5x) compared to the US market (16.9x).
Price to Earnings Growth Ratio
PEG Ratio: INVH is poor value based on its PEG Ratio (6.3x)
Price to Book Ratio
PB vs Industry: INVH is overvalued based on its PB Ratio (2.6x) compared to the US REITs industry average (2x).
Future Growth
How is Invitation Homes forecast to perform in the next 1 to 3 years based on estimates from 13 analysts?
15.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: INVH's forecast earnings growth (15.4% per year) is above the savings rate (2%).
Earnings vs Market: INVH's earnings (15.4% per year) are forecast to grow faster than the US market (13.1% per year).
High Growth Earnings: INVH's earnings are forecast to grow, but not significantly.
Revenue vs Market: INVH's revenue (5.7% per year) is forecast to grow slower than the US market (9.3% per year).
High Growth Revenue: INVH's revenue (5.7% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: INVH's Return on Equity is forecast to be low in 3 years time (4.3%).
Past Performance
How has Invitation Homes performed over the past 5 years?
66.3%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: INVH has a large one-off gain of $80.7M impacting its September 30 2021 financial results.
Growing Profit Margin: INVH's current net profit margins (13.3%) are higher than last year (9.8%).
Past Earnings Growth Analysis
Earnings Trend: INVH has become profitable over the past 5 years, growing earnings by 66.3% per year.
Accelerating Growth: INVH's earnings growth over the past year (45.2%) is below its 5-year average (66.3% per year).
Earnings vs Industry: INVH earnings growth over the past year (45.2%) exceeded the REITs industry 29.5%.
Return on Equity
High ROE: INVH's Return on Equity (2.7%) is considered low.
Financial Health
How is Invitation Homes's financial position?
Financial Position Analysis
Short Term Liabilities: INVH's short term assets ($959.4M) exceed its short term liabilities ($677.9M).
Long Term Liabilities: INVH's short term assets ($959.4M) do not cover its long term liabilities ($8.0B).
Debt to Equity History and Analysis
Debt Level: INVH's net debt to equity ratio (80%) is considered high.
Reducing Debt: INVH's debt to equity ratio has reduced from 386.7% to 86% over the past 5 years.
Debt Coverage: INVH's debt is not well covered by operating cash flow (10.4%).
Interest Coverage: INVH's interest payments on its debt are not well covered by EBIT (1.5x coverage).
Balance Sheet
Dividend
What is Invitation Homes's current dividend yield, its reliability and sustainability?
1.63%
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: INVH's dividend (1.63%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: INVH's dividend (1.63%) is low compared to the top 25% of dividend payers in the US market (3.49%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, INVH has been paying a dividend for less than 10 years.
Growing Dividend: INVH's dividend payments have increased, but the company has only paid a dividend for 5 years.
Current Payout to Shareholders
Dividend Coverage: With its reasonably low payout ratio (48.5%), INVH's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: INVH's dividends in 3 years are forecast to be well covered by earnings (45.2% payout ratio).
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
3.8yrs
Average management tenure
CEO
Dallas Tanner (40 yo)
3yrs
Tenure
US$5,518,018
Compensation
Mr. Dallas B. Tanner has been President, Chief Executive Officer and Director of Invitation Homes Inc since January 16, 2019. He served as Interim President and Interim Chief Executive Officer of Invitatio...
CEO Compensation Analysis
Compensation vs Market: Dallas's total compensation ($USD5.52M) is below average for companies of similar size in the US market ($USD11.31M).
Compensation vs Earnings: Dallas's compensation has been consistent with company performance over the past year.
Leadership Team
Experienced Management: INVH's management team is considered experienced (3.8 years average tenure).
Board Members
Experienced Board: INVH's board of directors are considered experienced (4.2 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: INVH insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have been diluted in the past year, with total shares outstanding growing by 6.3%.
Top Shareholders
Company Information
Invitation Homes Inc.'s employee growth, exchange listings and data sources
Key Information
- Name: Invitation Homes Inc.
- Ticker: INVH
- Exchange: NYSE
- Founded: 2012
- Industry: Residential REITs
- Sector: Real Estate
- Implied Market Cap: US$25.078b
- Market Cap: US$24.969b
- Shares outstanding: 599.31m
- Website: https://www.InvitationHomes.com
Number of Employees
Location
- Invitation Homes Inc.
- 1717 Main Street
- Suite 2000
- Dallas
- Texas
- 75201
- United States
Listings
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2022/01/21 00:14 |
| End of Day Share Price | 2022/01/20 00:00 |
| Earnings | 2021/09/30 |
| Annual Earnings | 2020/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.