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Invitation Homes Inc Stock Research

INVH

31.10USD-0.36(-1.14%)Delayed

Market Summary

USD31.10-0.36
Delayed
-1.14%

INVH Alerts

INVH Stock Price

INVH RSI Chart

INVH Valuation

Market Cap

19.0B

Price/Earnings (Trailing)

49.6

Price/Sales (Trailing)

8.5

Price/Free Cashflow

18.58

INVH Price/Sales (Trailing)

INVH Profitability

Return on Equity

3.72%

Return on Assets

2.07%

Free Cashflow Yield

5.38%

INVH Fundamentals

INVH Revenue

Revenue (TTM)

2.2B

Revenue Y/Y

11.46%

Revenue Q/Q

1.96%

INVH Earnings

Earnings (TTM)

383.3M

Earnings Y/Y

34.92%

Earnings Q/Q

27.02%

Price Action

52 Week Range

28.5243.54
(Low)(High)

Last 7 days

-0.5%

Last 30 days

-4.9%

Last 90 days

0.8%

Trailing 12 Months

-18.8%

INVH Financial Health

Debt/Equity

0.75

Debt/Cashflow

0.13

INVH Investor Care

Dividend Yield

2.83%

Dividend/Share (TTM)

0.88

Shares Dilution (1Y)

1.72%

Diluted EPS (TTM)

0.63

Peers (Alternatives to Invitation Homes)

View All Peers In Detail
NameMkt Capsorted ascendingRevenuePrice %, 1MReturns, 1YP/EP/SRev 1-YrInc 1-Yr
LARGE-CAP
51.7B
4.2B
-4.61% -14.88%
11.88
12.36
22.43% 122.66%
30.0B
4.7B
-6.82% -21.36%
79.47
6.4
5.96% -77.90%
19.0B
2.2B
-4.87% -18.85%
49.6
8.5
12.10% 46.63%
16.6B
1.5B
-6.93% 3.27%
27.63
11.19
11.08% 46.14%
MID-CAP
5.5B
709.6M
-11.61% -12.07%
19.96
7.74
16.64% 70.54%
4.7B
276.2M
-2.61% -10.96%
23.61
16.92
24.46% 126.94%
2.3B
276.4M
-7.84% -53.31%
14.85
8.29
35.11% 35.44%
SMALL-CAP
1.9B
270.3M
-11.23% -47.55%
13.83
6.93
44.54% 85.20%
1.7B
165.6M
2.05% 31.96%
18.34
9.97
6.55% 43.24%
1.3B
354.3M
-7.19% -20.96%
-25.65
3.66
3.54% -242.94%
920.9M
563.8M
-26.54% -50.43%
6.27
1.63
6.63% 12834.61%
805.0M
454.2M
-5.38% -15.87%
10.77
1.77
59.87% 241.44%
609.0M
554.3M
-20.57% -40.70%
-99.69
1.1
-3.85% 25.32%
479.3M
149.0M
-24.95% -39.30%
51.57
3.22
8.20% -4.89%

Financials for Invitation Homes

Income Statement (Last 12 Months)
(In Millions)
* denotes actual numbers (not divided by Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Revenue2.7%2,2382,1792,1192,0541,997
  S&GA Expenses-3.6%74.0077.0076.0077.0076.00
Interest Expenses-0.2%304305308314323
Net Income7.3%383357347297261
Net Income Margin4.4%0.17*0.16*0.16*0.14*-
Free Cahsflow-0.6%1,0241,029990902-
Balance Sheet
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Assets-0.8%18,53718,67818,50718,54418,538
    Cash Equivalents-12.5%263300273467610
  Net PPE16.4%20.0018.0017.0017.00-
  Goodwill0%258258258258258
Liabilities-1.4%8,2138,3328,2258,3198,699
  Long Term Debt0.0%7,7537,7547,8567,999-
Shareholder's Equity-0.2%10,29110,31510,28210,2259,798
  Retained Earnings-3.8%-951-916-860-836-794
  Additional Paid-In Capital0.0%11,13811,13311,11311,09410,874
Shares Outstanding0.0%611611610610601
Minority Interest3.4%32.0031.0043.0042.0041.00
Cashflow (Last 12 Months)
(In Millions)
Description(%) Q/Q2022Q42022Q32022Q22022Q12021Q4
Cashflow From Operations-0.6%1,0241,029990902908
  Share Based Compensation1.0%29.0029.0027.0028.0027.00
Cashflow From Investing31.4%-814-1,187-1,457-1,326-1,159
Cashflow From Financing-290.0%-574-147579696659
  Dividend Payments6.5%539506470431394

Risks for INVH

What is the probability of a big loss on INVH?

35%


Probability that Invitation Homes stock will be more than 20% underwater in next one year

23.5%


Probability that Invitation Homes stock will be more than 30% underwater in next one year.

19.2%


Probability that Invitation Homes stock will be more than 40% underwater in next one year.
*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does INVH drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Invitation Homes was unfortunately bought at previous high price.

Drawdowns

Returns for INVH

Cumulative Returns on INVH

8.8%


5-Year Cumulative Returns

7.2%


3-Year Cumulative Returns

What are the long-term rolling returns for INVH?

FIve years rolling returns for Invitation Homes.

Annualized Returns

Which funds bought or sold INVH recently?

View All Details
Datesorted ascendingFund NameType% Chg$ Change$ Held% Portfolio
2023-03-10
VICTORY CAPITAL MANAGEMENT INC
reduced
-20.52
-16,344,500
37,701,500
0.04%
2023-03-07
Investure, LLC
unchanged
-
-2,167,840
15,558,000
3.04%
2023-03-06
Rockefeller Capital Management L.P.
reduced
-13.89
-90,000
279,000
-%
2023-02-28
Voya Investment Management LLC
reduced
-4.17
-1,170,630
6,193,370
0.01%
2023-02-27
Parallax Volatility Advisers, L.P.
added
2.01
-92,826
794,174
-%
2023-02-24
NATIXIS
sold off
-100
-7,481,000
-
-%
2023-02-24
National Pension Service
added
10.83
-789,192
25,176,500
0.05%
2023-02-22
CVA Family Office, LLC
added
100
593
593
-%
2023-02-22
TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY
unchanged
-
-186,000
1,344,000
0.01%
2023-02-21
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO
reduced
-7.89
-186,045
785,955
-%

1–10 of 44

Latest Funds Activity

Are funds buying INVH calls or puts?
Calls
Puts
Are funds bullish or bearish(Calls - Puts)?
Net Call Options
No. of funds that own INVH
No. of Funds

Invitation Homes News

The Motley Fool

Here's Why Invitation Homes Can Be a Long-Term Winner.

The Motley Fool,
4 hours ago

Seeking Alpha

Fed Fights 'Ghost Of Inflation Past'.

Seeking Alpha,
28 hours ago

Marketscreener.com

The Motley Fool

Schedule 13G FIlings of Invitation Homes

Date FiledName of FilerPercent of ClassNo. of SharesForm Type
Feb 14, 2023
norges bank
6.22%
38,026,599
SC 13G/A
Feb 14, 2023
cohen & steers, inc.
12.83%
78,466,392
SC 13G/A
Feb 09, 2023
vanguard group inc
16.07%
98,242,458
SC 13G/A
Feb 03, 2023
state street corp
6.33%
38,681,639
SC 13G
Jan 24, 2023
blackrock inc.
9.7%
59,299,124
SC 13G/A
Mar 10, 2022
cohen & steers, inc.
10.41%
63,248,162
SC 13G/A
Feb 14, 2022
cohen & steers, inc.
7.58%
45,257,582
SC 13G/A
Feb 09, 2022
norges bank
5.12%
30,537,451
SC 13G/A
Feb 03, 2022
blackrock inc.
8.5%
50,992,689
SC 13G/A
Jul 16, 2021
norges bank
5.05%
28,656,991
SC 13G

INVH Fair Value

Invitation Homes fair value in different scenarios

The table shows the Fair Value estimates for Invitation Homes for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.
Fair ValueVery PessimisticPessimisticBase CaseOptimisticVery Optimistic
Very Low Inflation

12.10

-61.09%

14.28

-54.08%

19.13

-38.49%

31.66

1.80%

44.37

42.67%
Current Inflation

11.36

-63.47%

13.20

-57.56%

17.26

-44.50%

27.81

-10.58%

38.50

23.79%
Very High Inflation

10.44

-66.43%

11.90

-61.74%

15.07

-51.54%

23.40

-24.76%

31.80

2.25%

Historical Invitation Homes Fair Value Estimates


Very Pessimistic Case
Pessimistic Case
Fair Value
Optimistic Case
Very Optimistic Case
Closing Stock Price

Recent SEC filings of Invitation Homes

View All Filings
Date Filed Form Type Document
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
8-K
Current Report
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 03, 2023
4
Insider Trading
Mar 01, 2023
8-K
Current Report
Feb 27, 2023
4
Insider Trading
Feb 27, 2023
4
Insider Trading
Feb 27, 2023
4
Insider Trading

Latest Insider Trading transactions for INVH

Filter Transactions
Datesorted ascendingNameBuy/Sell$ ValueAvg. Price# SharesTitle
2023-03-01
Tanner Dallas B
acquired
-
-
61,759
chief executive officer
2023-03-01
Young Charles D.
sold (taxes)
-172,839
30.36
-5,693
president & coo
2023-03-01
SOLLS MARK A
sold (taxes)
-78,693
30.36
-2,592
evp & clo
2023-03-01
Norrell Kimberly K
acquired
-
-
3,294
evp & cao
2023-03-01
FREEDMAN ERNEST MICHAEL
sold (taxes)
-182,342
30.36
-6,006
evp & cfo
2023-03-01
Norrell Kimberly K
sold (taxes)
-21,737
30.36
-716
evp & cao
2023-03-01
Tanner Dallas B
sold (taxes)
-531,391
30.36
-17,503
chief executive officer
2023-03-01
Young Charles D.
acquired
-
-
22,645
president & coo
2023-03-01
SOLLS MARK A
acquired
-
-
7,823
evp & clo
2023-02-23
SOLLS MARK A
acquired
-
-
30,453
evp & clo

1–10 of 50

About Invitation Homes

Dallas B. Tanner
1240
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.

INVH Income Statement

2022-12-31
CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Income Statement [Abstract]   
Rental revenues and other property income$ 2,226,641$ 1,991,722$ 1,822,828
Management fee revenues11,4804,8930
Total revenues2,238,1211,996,6151,822,828
Expenses:   
Property operating and maintenance786,351706,162680,543
Property management expense87,93671,59758,613
General and administrative74,02575,81563,305
Interest expense304,092322,661353,923
Depreciation and amortization638,114592,135552,530
Impairment and other28,6978,676696
Total expenses1,919,2151,777,0461,709,610
Gains (losses) on investments in equity securities, net(3,939)(9,420)29,723
Other, net(11,261)(5,835)(86)
Gain on sale of property, net of tax90,69960,00854,594
Losses from investments in unconsolidated joint ventures(9,606)(1,546)0
Net income384,799262,776197,449
Net income attributable to non-controlling interests(1,470)(1,351)(1,237)
Net income attributable to common stockholders383,329261,425196,212
Net income available to participating securities(661)(327)(448)
Net income available to common stockholders — basic382,668261,098195,764
Net income available to common stockholders — diluted$ 382,668$ 261,098$ 195,764
Weighted average common shares outstanding — basic (in shares)609,770,610577,681,070553,993,321
Weighted average common shares outstanding — diluted (in shares)611,112,396579,209,523555,458,607
Net income per common share — basic (in dollars per share)$ 0.63$ 0.45$ 0.35
Net income per common share — diluted (in dollars per share)$ 0.63$ 0.45$ 0.35

INVH Balance Sheet

2022-12-31
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
Investments in single-family residential properties:  
Land$ 4,800,110$ 4,737,938
Building and improvements15,900,82515,270,443
Total gross investments in the properties20,700,93520,008,381
Less: accumulated depreciation(3,670,561)(3,073,059)
Investments in single-family residential properties, net17,030,37416,935,322
Cash and cash equivalents262,870610,166
Restricted cash191,057208,692
Goodwill258,207258,207
Investments in unconsolidated joint ventures280,571130,395
Other assets, net513,629395,064
Total assets18,536,70818,537,846
Liabilities:  
Mortgage loans, net1,645,7953,055,853
Secured term loan, net401,530401,313
Unsecured notes, net2,518,1851,921,974
Term loan facilities, net3,203,5672,478,122
Revolving facility00
Convertible senior notes, net0141,397
Accounts payable and accrued expenses198,423193,633
Resident security deposits175,552165,167
Other liabilities70,025341,583
Total liabilities8,213,0778,699,042
Commitments and contingencies (Note 14)
Stockholders' equity  
Preferred stock, $0.01 par value per share, 900,000,000 shares authorized, none outstanding as of December 31, 2022 and 202100
Common stock, $0.01 par value per share, 9,000,000,000 shares authorized, 611,411,382 and 601,045,438 outstanding as of December 31, 2022 and 2021, respectively6,1146,010
Additional paid-in capital11,138,46310,873,539
Accumulated deficit(951,220)(794,869)
Accumulated other comprehensive income (loss)97,985(286,938)
Total stockholders' equity10,291,3429,797,742
Non-controlling interests32,28941,062
Total equity10,323,6319,838,804
Total liabilities and equity$ 18,536,708$ 18,537,846