Invitation Homes, Inc. (INVH)

Invitation Homes' stock has experienced underperformance relative to the broader market, with a 1-year total shareholder return of -10.9% as of late October 2025. Analysts have adjusted their price targets downwards, but the stock currently holds a consensus rating of "Moderate Buy" with a consensus price target of $35.97. Invitation Homes announced a quarterly dividend of $0.29, which was paid on October 17, 2025, representing an annualized dividend of $1.16 and a yield of 4.0%. The company is slated to report its third-quarter 2025 results on October 29, 2025, with analysts expecting a year-over-year increase in revenues but no change in funds from operations (FFO) per share.

The demand for Invitation Homes' products and services exhibits seasonality, with the highest demand during the spring and summer peak season. Rental demand tends to decrease significantly during the fall and winter months, resulting in an increase in property supply and properties remaining on the market for longer periods.

Invitation Homes Inc. is a real estate investment trust that specializes in acquiring, renovating, leasing, and managing single-family homes for rent across the United States. The company operates within the Real Estate sector, specifically in the Residential REITs industry, and focuses on providing high-quality, updated homes in desirable neighborhoods. Invitation Homes leverages a proprietary technology platform for property identification and acquisition, and provides comprehensive property management services. The company also engages in build-to-rent arrangements and offers third-party management services.

Invitation Homes operates in 16 major metropolitan markets across the United States, with a strategic focus on the Western U.S., the Southeast, Texas, and Florida. Key markets include Atlanta, the Carolinas, Chicago, Dallas, Denver, Houston, Jacksonville, Las Vegas, Miami, Northern California, Phoenix, Seattle, Southern California, and Tampa. Over half of its portfolio is located in Florida, Georgia, and California.

Invitation Homes has faced criticism regarding its business model, with accusations of prioritizing low repair costs and high fees and rent prices. However, the company positions itself as providing high-quality, updated homes with a focus on resident satisfaction and "high-touch service." Invitation Homes also highlights its commitment to investing in communities through philanthropic programs supporting youth education, workforce development, and affordable housing access.

Invitation Homes Inc. has a diverse ownership structure comprising institutional, retail, and individual investors. Institutional investors hold a significant portion of the company's stock, with approximately 58.21% of shares owned by them. Major institutional owners include Vanguard Group Inc., Cohen & Steers, Inc., BlackRock, Inc., Norges Bank, State Street Corp, Fmr Llc, Principal Financial Group Inc, and APG Asset Management US Inc., with Vanguard Group Inc. owning the most shares.