Invitation Homes Inc. (NYSE: INVH) Overview and Analyst Insight

• Barclays analyst Richard Hightower sets a price target of $36 for INVH, indicating a potential increase of approximately 17.96%.
• INVH's current stock price is $30.60, with a year's trading range between $30.13 and $37.80.
• The company announces the tax treatment for its 2024 dividends, advising stockholders to consult with tax advisors.

Invitation Homes Inc. (NYSE: INVH) is a prominent real estate investment trust (REIT) that specializes in owning and operating single-family rental homes. As a leader in the industry, INVH provides quality homes for lease across the United States. The company competes with other REITs and property management firms in the residential rental market.

On January 24, 2025, Richard Hightower from Barclays set a price target of $36 for INVH. At that time, the stock was priced at $30.52, indicating a potential increase of approximately 17.96%. This target suggests optimism about the company's future performance and potential growth in the real estate market.

Currently, INVH's stock is priced at $30.60, showing a slight increase of 0.26% or $0.08. The stock has fluctuated between $30.33 and $30.64 today. Over the past year, it has seen a high of $37.80 and a low of $30.13. This volatility reflects the dynamic nature of the real estate market and investor sentiment.

INVH has announced the tax treatment for its 2024 dividends on its Common Stock. The company advises stockholders to consult with tax advisors due to varying federal, state, and local tax implications. This is crucial for investors to understand their tax obligations and maximize their returns.

With a market capitalization of approximately $18.75 billion, INVH remains a significant player in the REIT sector. Today's trading volume stands at 495,329 shares, indicating active investor interest. As the company continues to navigate the real estate landscape, its performance and strategic decisions will be closely watched by investors and analysts alike.

Invitation Homes Inc. (NYSE:INVH) reported its Q1 earnings results, with EPS coming in at $0.20, better than the Street estimate of $0.16. Revenue was $590 million, beating the Street estimate of $579.26 million.

The company showed progress on rent growth, bad debt and expenses. Most notably, April's new lease growth of 7.5% is well above expectations.

The company left all its 2023 guidance items unchanged but did note that Q1/23 expenses came in better than expected, while bad debt and market rent growth are also ahead of plan.

Invitation Homes Inc. (NYSE:INVH) reported its Q1 earnings results, with EPS coming in at $0.20, better than the Street estimate of $0.16. Revenue was $590 million, beating the Street estimate of $579.26 million.

The company showed progress on rent growth, bad debt and expenses. Most notably, April's new lease growth of 7.5% is well above expectations.

The company left all its 2023 guidance items unchanged but did note that Q1/23 expenses came in better than expected, while bad debt and market rent growth are also ahead of plan.

Oppenheimer analysts provided their outlook on Invitation Homes Inc. (NYSE:INVH) ahead of the upcoming Q4 results, scheduled to be announced on Feb 15.

The analysts view 2023 guidance as the key factor to watch when the company reports. They believe 2023 consensus estimates are too high and believe it's possible the midpoint of company guidance could come in below the Street.

That said, sentiment toward the stock has deteriorated since the summer, buy-side expectations are reasonable, and valuations for the shares are below long-term averages. These factors could limit the downside if guidance is worse than expected.

The analysts expect a 6.5% average monthly rent growth in 2023, a deceleration from 9% in 2022. This is driven by a softer macro environment, less robust demand, difficult comps, more SFR supply, and the company’s exposure to California.

Oppenheimer analysts provided their outlook on Invitation Homes Inc. (NYSE:INVH) ahead of the upcoming Q4 results, scheduled to be announced on Feb 15.

The analysts view 2023 guidance as the key factor to watch when the company reports. They believe 2023 consensus estimates are too high and believe it's possible the midpoint of company guidance could come in below the Street.

That said, sentiment toward the stock has deteriorated since the summer, buy-side expectations are reasonable, and valuations for the shares are below long-term averages. These factors could limit the downside if guidance is worse than expected.

The analysts expect a 6.5% average monthly rent growth in 2023, a deceleration from 9% in 2022. This is driven by a softer macro environment, less robust demand, difficult comps, more SFR supply, and the company’s exposure to California.