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INVH
Invitation Homes Inc.
NYSE· Real Estate· REIT - Residential· CUSIP 46187W107
$27.53+2.69%Price as of Oct 23, 00:44 UTC · updated once a day, after the close
At a glance
Invitation Homes Inc. (INVH) is listed on NYSE and classified in REIT - Residential, part of the Real Estate sector. It is headquartered in Dallas, United States and has 1,725 employees. The company is worth $16.26B and trades at 25.3x its earnings of the last twelve months; the median for its sector is 22.1x. Revenue was $2.73B in fiscal 2025, up 4.2% from the year before. Net income was $587.92M. The share price is 10.9% below its 52-week high of $30.89. It pays a dividend yielding 4.36%, and has raised its annual dividend for 7 years in a row in our records. 7 of the 38 superinvestors we track held it at the end of Q2 2026. The largest position belongs to Cliff Asness (AQR Capital Management), at $141.47M. In that quarter, 5 of them opened or added to the position and 2 reduced it. No open-market insider trades in it were filed over the last 30 days.
Written from the data on this page: SEC filings (13F, Form 4, annual reports) and market prices.
Key metrics
- Market cap
- $16.26B
- P/E
- 25.3x
- Forward P/E
- 38.7x
- P/B
- 1.8x
- Dividend yield
- 4.36%
- Payout
- 110.09%
- EPS
- $1.09
- ROE
- 7.05%
- Profit margin
- 23.20%
- Revenue growth
- +10.10%
- Beta
- 0.83
- 52-week high
- $30.89
- 52-week low
- $24.25
History
Year by year, from the annual reports; dividends from the payments themselves.
Bars are year-end balances; lines are what happened during the year.
Investors holding this
Major managers that reported this stock in their latest 13F.
- Cliff AsnessAddedAQR Capital Management · Q2 2026$141.47M4.68M shares · 0.0% of portfolio
Ken GriffinReducedCitadel Advisors · Q2 2026$134.91M4.47M shares · 0.1% of portfolio- Israel EnglanderAddedMillennium Management · Q2 2026$127.7M4.23M shares · 0.1% of portfolio
- Renaissance TechnologiesReducedRenaissance Technologies · Q2 2026$31.76M1.05M shares · 0.0% of portfolio
- Steve CohenNew positionPoint72 Asset Management · Q2 2026$19.75M653.61K shares · 0.0% of portfolio
Ray DalioAddedBridgewater Associates · Q2 2026$2.89M95.73K shares · 0.0% of portfolio- Two SigmaNew positionTwo Sigma Investments · Q2 2026$1.81M60.04K shares · 0.0% of portfolio
Price over time
▼ -33.1% over 5Y.
today you would have $779.78▼ -22.0%
Dividends reinvested, splits accounted for. Past prices say what happened, not what will.
Indicators, year by year
The last 9 closed years, each at that year’s closing price and reported numbers.
| Indicator | Median | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Year-end price | $27.79 | $31.97 | $34.11 | $29.64 | $45.34 | $29.70 | $29.97 | $20.08 | $23.57 | |
| P/E | 47.0x | 28.9x | 43.2x | 40.1x | 47.0x | 100.8x | 84.9x | 111.0x | — | — |
| P/S | 8.6x | 6.2x | 7.5x | 8.6x | 8.1x | 13.8x | 9.2x | 9.2x | 6.1x | 11.6x |
| P/B | 2.0x | 1.8x | 2.0x | 2.1x | 1.8x | 2.8x | 2.0x | 2.0x | 1.3x | 1.4x |
| EPS | $0.96 | $0.74 | $0.85 | $0.63 | $0.45 | $0.35 | $0.27 | -$0.01 | — | |
| Dividend yield | 2.19% | 4.21% | 3.53% | 3.87% | 2.97% | 1.50% | 2.02% | 1.74% | 2.19% | 0.93% |
| Payout | 152.70% | 121.88% | 152.70% | 155.29% | 139.68% | 151.11% | 171.43% | 192.59% | — | — |
| Profit margin | 13.09% | 21.54% | 17.33% | 21.36% | 17.13% | 13.09% | 10.76% | 8.24% | -0.29% | -9.99% |
| ROE | 2.67% | 6.17% | 4.65% | 5.11% | 3.72% | 2.67% | 2.31% | 1.77% | -0.06% | -1.24% |
Median of the years shown; P/E years above 200x are left out.
Fair price, seven ways
Seven formulas applied to the reported numbers, each with its assumption next to the result. None of them predicts a price.
Earnings
$19.39
Square root of 22.5 × earnings × book value. Blind to intangibles, so it undervalues software and brands.
Earnings
$29.12
Earnings growing 22.4% a year plus a 4.4% dividend yield. Growth capped at 25%.
Earnings
$24.09
Median P/E of 22.1 among peers in the sector.
Earnings
$51.28
Median P/E of 47.0 across this company’s own years on record.
Cash flow
$52.55
Cash flow growing 15.0% a year for 10 years, discounted at 10%, then 2.5% forever.
Operating
—
This formula has no meaning here — usually a loss, negative cash flow, or a missing input.
Dividends
$83.20
Dividend growing 6.7% a year against a 8.2% required return, from the stock’s beta.
How the average is calculated
The average of the method families that answered, not of the seven numbers: four of the seven start from the same earnings per share.
Earnings $30.97 (avg. of 4)+Cash flow $52.55+Dividends $83.20÷ 3 =$55.57
$55.57
6 methods answered, across 3 families.
$41.68
Room for errors in the reported numbers.
$27.53
+101.9% from the average.
Models, not forecasts, and not investment advice. How each formula works →
Others in the same sector
Companies of similar size in Real Estate, for comparison. The columns are the same ones above, in the same order.
| Stock | Price | P/E | P/B | Dividend yield | ROE | Market cap |
|---|---|---|---|---|---|---|
| LAMRLamar Advertising Co/new | $157.51 | 28.7x | 16.3x | 4.19% | 59.43% | $16B |
| KIMKimco Realty Corp | $23.59 | 26.8x | 1.5x | 4.75% | 5.81% | $15.82B |
| HSTHost Hotels & Resorts Inc | $24.87 | 16.8x | 2.7x | 6.71% | 15.56% | $17.28B |
| SUISun Communities Inc | $119.86 | 88.1x | 2.7x | 3.74% | 1.72% | $15.14B |
| OHIOmega Healthcare Investors Inc | $46.30 | 15.9x | 2.6x | 5.87% | 16.53% | $14.78B |
| WPCW. P. Carey Inc. | $64.54 | 22.1x | 1.7x | 5.89% | 7.78% | $14.7B |
About the company
- 1,725
- Dallas, United States