Stocks · Real Estate · REIT - Residential
Invitation Homes Inc. INVH
$26.04 -1.36% Close, Oct 2, 2026 · NYSE · Market cap $15.47B
Inexpensive vs sector
Next earnings report: Oct 28, 2026
Scroll or pinch to zoom, drag to move. Daily prices adjusted for splits. Markers: E = earnings (green beat, red miss), S = split, D = dividend.
Three things to know
- At 23.9× trailing earnings, the shares trade at the lowest P/E of the company's past five years.
- Net debt is 4.9× EBITDA, a high level of leverage.
- Diluted EPS over the last four quarters was $1.09, up 23.9% year over year.
PromtFinance scores
Each score is a percentile within the Real Estate sector (0–100). Under each score: how the stock ranks in its sector on every component. As of Oct 5, 2026.
How fast revenue, earnings and cash flow are growing.
- Revenue growth (TTM, YoY)Bottom 50%
- EPS growth (TTM, YoY)Top 39%
- FCF growth (TTM, YoY)Top 29%
- Revenue growth, 3-year CAGRTop 42%
- Revenue growth accelerationTop 35%
Returns on capital, margins, earnings quality and balance-sheet strength.
- Return on invested capitalTop 44%
- Gross marginBottom 46%
- Operating marginTop 40%
- Cash conversion (OCF / net income)Top 46%
- Accruals (lower is better)Bottom 44%
- Net debt / EBITDA (lower is better)Top 37%
- Interest coverTop 27%
How cheap the shares are relative to earnings, cash flow and their own history.
- Earnings yieldTop 37%
- Free-cash-flow yieldTop 37%
- EBITDA / enterprise valueTop 36%
- Sales / enterprise valueTop 44%
- P/E vs own 5-year history (lower is better)Top 9%
Strength and persistence of the price trend, including versus the S&P 500.
- 12-month return excluding last monthBottom 45%
- 6-month returnTop 36%
- 1-year return vs S&P 500Bottom 45%
- Distance from 52-week highTop 28%
- Trend checklist (0–4)Top 41%
Earnings surprises and analyst sentiment (estimate-revision history is being collected).
- Average EPS surprise, last 4 quartersTop 26%
- Consecutive EPS beatsTop 19%
- Share of analysts rating BuyTop 36%
- Upside to consensus price targetBottom 47%
Low volatility, shallow drawdowns, low market sensitivity and modest leverage.
- Volatility, 60 days (lower is better)Top 13%
- Maximum drawdown, 3 yearsTop 45%
- Beta vs S&P 500 (lower is better)Top 24%
- Net debt / EBITDA (lower is better)Top 37%
What changed
Latest four quarters versus the same period a year earlier (growth: versus one quarter earlier).
| Measure | Before | Now | |
|---|---|---|---|
| Revenue growth (YoY) | 5.3% | 6.7% | ↑ |
| EPS growth (YoY) | 23.4% | 23.9% | ↑ |
| Gross margin | 58.9% | 44.4% | ↓ |
| Operating margin | 27.9% | 30.2% | ↑ |
| FCF margin | 33.6% | 37.9% | ↑ |
Fundamental momentum
| Measure | Now (TTM) | Year / quarter before | Sector rank | |
|---|---|---|---|---|
| Revenue growth (TTM, YoY) | 6.7% | 5.3% | ↑ | Bottom 50% |
| EPS growth (TTM, YoY) | 23.9% | 23.4% | ↑ | Top 39% |
| Gross margin | 44.4% | 58.9% | ↓ | Bottom 46% |
| Operating margin | 30.2% | 27.9% | ↑ | Top 40% |
| Net margin | 23.1% | 20.4% | ↑ | — |
| Free-cash-flow margin | 37.9% | 33.6% | ↑ | — |
| Return on invested capital | 4.7% | — | Top 44% | |
| Revenue growth, 3-year CAGR | 6.8% | — | Top 42% |
Quality of earnings and balance sheet
- Cash conversion (OCF / net income)Above 1× means profits are backed by cash.
- 1.82×
- Accruals (net income − OCF) / assetsLower is better; high accruals can signal weaker earnings quality.
- -2.9%
- Stock-based compensation / revenueA cost to shareholders through dilution.
- 1.0%
- Receivables growth vs revenue growthReceivables growing much faster than sales can be a warning.
- +49.7 pp
- Net debt / EBITDABelow 1× is conservative; above 3× is high leverage.
- 4.86×
- Interest cover (operating income / interest)How many times operating profit covers interest.
- 2.3×
Shareholder returns
- Dividend yield (dividends paid, TTM)
- 4.65%
- Net buyback yield (TTM)
- 3.85%
- Shareholder yield
- 8.50%
- Share count change, 1 year
- -3.4%
- Share count change, 3-year CAGR
- -1.1%
Shareholder yield = dividends + net buybacks over the last four quarters, divided by market cap.
Based on the four quarters through Jun 30, 2026 (filed Jul 30, 2026).
Earnings and expectations
Earnings momentum
- Consecutive EPS beats
- 3
- Beats in the last 8 reports
- 3 of 8
- Average EPS surprise, last 4
- +39.5%
- Average 2-day reaction, last 8
- -0.7%
- Positive 20 days after report
- 4 of 8
Analysts
- Consensus price target
- $31.50
- Target vs current price
- +21.0%
- Analysts with a rating
- 34
- Share rating Buy or Strong Buy
- 56%
- Consensus rating
- Buy
How the stock reacted to recent reports
| Report date | EPS surprise | 2 days | 5 days | 20 days | 60 days |
|---|---|---|---|---|---|
| Jul 29, 2026 | +116.6% | +0.2% | +1.4% | +0.5% | — |
| Apr 29, 2026 | +46.3% | -0.2% | +1.8% | +4.5% | +5.8% |
| Feb 18, 2026 | +48.2% | -1.1% | -5.4% | -6.4% | +4.9% |
| Oct 29, 2025 | -53.2% | -2.6% | +1.5% | -0.5% | -4.6% |
| Jul 30, 2025 | -52.1% | -1.9% | -4.8% | -4.1% | -9.7% |
| Apr 30, 2025 | -42.6% | +1.6% | +3.7% | -1.3% | -5.2% |
| Feb 26, 2025 | -51.1% | -1.7% | +5.6% | +6.1% | +4.6% |
| Oct 30, 2024 | -11.8% | +0.1% | -2.9% | +2.9% | -6.4% |
Returns from the close before each report. Past reactions do not determine future ones.
Earnings history
| Report date | EPS | Estimate | Surprise | Revenue |
|---|---|---|---|---|
| Jul 29, 2026 | $0.37 | $0.17 | +116.6% | $747.5M |
| Apr 29, 2026 | $0.26 | $0.18 | +46.3% | $734.1M |
| Feb 18, 2026 | $0.27 | $0.18 | +48.2% | $685.3M |
| Oct 29, 2025 | $0.22 | $0.47 | -53.2% | $688.2M |
| Jul 30, 2025 | $0.23 | $0.48 | -52.1% | $681.4M |
| Apr 30, 2025 | $0.27 | $0.47 | -42.6% | $674.5M |
| Feb 26, 2025 | $0.23 | $0.47 | -51.1% | $659.1M |
| Oct 30, 2024 | $0.15 | $0.17 | -11.8% | $660.3M |
Valuation in context
| Multiple | Now | 5-year median | 5-year percentile | Sector rank (cheapness) |
|---|---|---|---|---|
| P/E (trailing) | 23.9× | 45.6× | 0th | Top 37% |
| P/E (forward) | 25.9× | — | — | — |
| EV / EBITDA | 13.7× | — | — | Top 36% |
| EV / Sales | 8.38× | — | — | Top 44% |
| Free-cash-flow yield | 6.99% | — | — | Top 37% |
| Earnings yield | 4.19% | — | — | Top 37% |
P/E over the past five years
Range 26.8× – 104.7× since Jun 30, 2021. Each point: price on the filing date divided by trailing-twelve-month EPS known then.
What moved the stock over the past year
- Price return, 1 year
- -10.2%
- Earnings per share growth (TTM)
- +23.9%
- Change in P/E multiple
- -21.8%
Most of the move came from a change in the valuation multiple.
Technical state
Trend checklist
- ✗ Price above 20-day average
- ✗ Price above 50-day average
- ✗ Price above 200-day average
- ✓ 50-day average above 200-day
- ✗ MACD histogram positive
Trend quality
- Days above the 50-day average
- 0
- Days above the 200-day average
- 0
- 50-day average slope (20 days)
- -3.9%
- 200-day average slope (20 days)
- -0.1%
- Distance from 50-day average
- -9.5%
- Distance from 200-day average
- -6.5%
- RSI (14)
- 21.2
- Relative volume
- 1.05×
Risk and drawdowns
- Volatility, 60 days (annualized)
- 16.2%
- Volatility vs own 5-year history
- 5th percentile · Low for this stock
- Beta vs S&P 500 (2 years, weekly)
- 0.33
- Correlation with S&P 500
- 0.24
- Current drawdown from 1-year high
- -14.9%
- Maximum drawdown, 3 years
- -34.6%
Largest declines in the past six years
| From peak | To low | Decline | Length | Recovery |
|---|---|---|---|---|
| Dec 31, 2021 | Mar 20, 2026 | -46.2% | 1057 days | Not yet recovered |
Declines of 10% or more from a closing high, measured on daily closes.
Financial statements
- Market cap
- $15.47B
- P/E (TTM)
- 23.9
- EPS, diluted (TTM)
- $1.09
- Revenue (TTM)
- $2.86B
- Dividend yield
- 4.61%
- 52-week range
- $24.25 – $30.89
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Revenue | $2.00B | $2.24B | $2.43B | $2.62B | $2.73B |
| Gross profit | $1.22B | $1.36B | $1.46B | $1.55B | $100.7M |
| Operating income | $550.9M | $651.7M | $699.5M | $741.2M | $741.0M |
| Net income | $261.4M | $383.3M | $519.5M | $453.9M | $587.9M |
| EPS (diluted) | $0.45 | $0.63 | $0.85 | $0.74 | $0.96 |
| Q3 2024 | Q4 2024 | Q1 2025 | Q2 2025 | Q3 2025 | Q4 2025 | Q1 2026 | Q2 2026 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | $660.3M | $659.1M | $674.5M | $681.4M | $688.2M | $685.3M | $734.1M | $747.5M |
| Net income | $95.3M | $143.1M | $165.7M | $140.9M | $136.7M | $144.6M | $160.5M | $218.8M |
| EPS (diluted) | $0.15 | $0.23 | $0.27 | $0.23 | $0.22 | $0.24 | $0.26 | $0.37 |
| FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | |
|---|---|---|---|---|---|
| Operating cash flow | $907.7M | $1.02B | $1.11B | $1.08B | $1.21B |
| Capital expenditure | -$162.8M | -$208.1M | -$221.1M | -$219.4M | -$242.8M |
| Free cash flow | $744.8M | $815.5M | $886.0M | $862.4M | $963.5M |
| Dividends paid | -$393.8M | -$539.0M | -$638.1M | -$689.2M | -$712.8M |
| Net share buybacks | $933.8M | $98.4M | -$8.1M | -$10.9M | -$53.2M |
Cash outflows are shown as negative numbers.
- Cash and short-term investments
- $75.8M
- Total assets
- $18.45B
- Total liabilities
- $9.36B
- Total debt
- $8.55B
- Net debt
- $8.47B
- Shareholders’ equity
- $9.05B
As of Jun 30, 2026 (filed Jul 30, 2026).
Dividends
| Ex-date | Amount | Paid |
|---|---|---|
| Sep 24, 2026 | $0.30 | Oct 16, 2026 |
| Jun 25, 2026 | $0.30 | Jul 17, 2026 |
| Mar 26, 2026 | $0.30 | Apr 17, 2026 |
| Dec 23, 2025 | $0.30 | Jan 16, 2026 |
| Sep 25, 2025 | $0.29 | Oct 17, 2025 |
| Jun 26, 2025 | $0.29 | Jul 18, 2025 |
| Mar 27, 2025 | $0.29 | Apr 17, 2025 |
| Dec 26, 2024 | $0.29 | Jan 17, 2025 |
Short interest
- Shares sold short
- 15,553,491
- Days to cover
- 3.33
- Change vs previous report
- +10.5%
FINRA short interest, settlement date Sep 15, 2026.