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.
IPO Year: 2017
Exchange: NYSE
Website: InvitationHomes.com
Date | Price Target | Rating | Analyst |
---|---|---|---|
9/24/2024 | $37.00 | Buy → Neutral | BofA Securities |
9/9/2024 | $37.00 → $36.00 | Outperform → Sector Perform | RBC Capital Mkts |
9/4/2024 | $46.00 | Buy | Goldman |
8/26/2024 | $37.00 → $38.00 | Overweight → Equal Weight | Wells Fargo |
7/26/2024 | $37.00 | In-line → Outperform | Evercore ISI |
7/24/2024 | $35.00 → $41.00 | Hold → Buy | Deutsche Bank |
3/22/2024 | $39.00 | Buy → Neutral | Citigroup |
3/18/2024 | $36.00 | Outperform → In-line | Evercore ISI |
1/30/2024 | $35.00 | Hold | Deutsche Bank |
1/22/2024 | $39.00 | Outperform | Exane BNP Paribas |
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Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company"), the nation's premier single-family home leasing and management company, announced today that it has entered into an agreement to form a new joint venture partnership (the "JV") with a leading global real estate investment partner. The JV will leverage the Company's strong homebuilder partnerships, management expertise, and unmatched scale to invest in newly-constructed homes and communities in several high-growth markets. "We believe our partnership approach to investing in new homes with builders is an optimal strategy for Invitation Homes to maximize risk-adjusted returns while also helping to bring high-quality ne
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company"), the nation's premier home leasing and management company, today issued its annual sustainability report, Bringing Sustainability Home, which addresses the Company's 2023 sustainability initiatives and achievements. "This report is a testament to our unwavering commitment to driving long-term value for all our stakeholders," said Chief Executive Officer Dallas Tanner. "At Invitation Homes, sustainability is central to our operations and our growth plans. By building on our strong foundation of corporate responsibility, we are taking actionable steps that benefit our stakeholders, enhance our business resilience and po
Earliest Debt Maturity Now in 2027; 90 Percent of Wholly-Owned Homes Now Unencumbered Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company") announced today that it has voluntarily prepaid without penalty the outstanding balance of its IH 2018-4 securitization, as planned. As of September 30, 2024, the IH 2018-4 securitization had an outstanding principal balance of approximately $630.2 million, inclusive of approximately $31.6 million of retained certificates held by Invitation Homes to comply with risk retention rules. The Company prepaid the IH 2018-4 securitization using unrestricted cash from its August 2023 bond issuance for the purpose of debt prepayment, consisten
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company"), the nation's premier single-family home leasing and management company, today announced its Q3 2024 financial and operating results. Third Quarter 2024 Highlights Year over year, total revenues increased 6.9% to $660 million, property operating and maintenance costs increased 5.6% to $242 million, net income available to common stockholders decreased 27.8% to $95 million, and net income per diluted common share decreased 27.8% to $0.15. Year over year, Core FFO per share increased 6.8% to $0.47 and AFFO per share increased 7.2% to $0.38. Same Store NOI increased 3.9% year over year on 3.6% Same Store Core Revenu
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company"), the nation's premier single-family home leasing and management company, will release its third quarter 2024 financial and operating results on Wednesday, October 30, 2024, after the market closes. The Company will host a conference call that will be webcast live on Thursday, October 31, 2024, at 2:00 p.m. Eastern Time to review third quarter results, discuss recent events, and conduct a question-and-answer session. A link to the live webcast and related information will be available online from the Company's investor relations website at www.invh.com. Following the conclusion of the earnings call, the Company will post
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company"), the nation's premier single-family home leasing and management company, today announced that Rear Adm. H. Wyman Howard III, USN (Ret) was appointed to the Company's board of directors (the "Board"), effective October 1, 2024. "On behalf of the entire Board, it is our distinct honor to welcome Mr. Howard," said Michael Fascitelli, chairperson of the Board. "With his remarkable leadership skills, vast operational experience, and commitment to excellence, we believe his contributions will be invaluable. We look forward to the unique perspectives and insights that he'll bring to our team." "It is a privilege to have Mr.
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company") has reached agreement with the Federal Trade Commission (the "FTC") resolving the FTC's civil investigation into certain company business practices. As part of the resolution, Invitation Homes will pay the FTC $48 million in monetary relief, with no civil penalties. The agreement contains no admission of wrongdoing by Invitation Homes. Invitation Homes believes that its disclosures and practices are industry leading, both among its professional peers as well as the millions of smaller owners of single-family homes for lease. Today's agreement brings the FTC's three-year investigation to a close and puts this matter beh
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company") announced today that its operating partnership, Invitation Homes Operating Partnership LP (the "Operating Partnership"), has priced a public offering of $500 million aggregate principal amount of 4.875% Senior Notes due 2035 (the "Notes"). The Notes were priced at 98.855% of the principal amount and will mature on February 1, 2035. The offering is expected to close on September 26, 2024, subject to the satisfaction of customary closing conditions. The Notes will be fully and unconditionally guaranteed, jointly and severally, by the Company, Invitation Homes OP GP LLC, and IH Merger Sub, LLC. The Operating Partnership i
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company"), the nation's premier single-family home leasing and management company, announced today that Fitch Ratings ("Fitch") upgraded the Company's issuer and issue-level credit ratings to ‘BBB+' from ‘BBB' with a stable outlook. According to Fitch's published report, the upgraded rating reflects Invitation Homes' progress in reducing leverage and enhancing capital markets access. Fitch further elaborated that Invitation Homes benefits from favorable operating trends in its sector and a well-diversified, granular portfolio. "We are pleased to receive Fitch's upgrade and recognition of the strength of our balance sheet and ov
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company"), the nation's premier single-family home leasing and management company, announced today that it has declared a quarterly cash dividend of $0.28 per share payable on shares of its common stock. The dividend will be paid on or before October 18, 2024, to stockholders of record of the Company's common stock as of the close of business on September 26, 2024. About Invitation Homes Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity
Invitation Homes (NYSE:INVH) reported quarterly earnings of $0.47 per share which met the analyst consensus estimate. This is a 6.82 percent increase over earnings of $0.44 per share from the same period last year. The company reported quarterly sales of $653.45 million which missed the analyst consensus estimate of $654.70 million by 0.19 percent. This is a 8.84 percent increase over sales of $600.37 million the same period last year.
Deutsche Bank analyst Derek Johnston upgrades Invitation Homes (NYSE:INVH) from Hold to Buy and raises the price target from $35 to $41.
The complaint in the dispute, also known as a qui tam action filed under the California False Claims Act, alleged that the Company's contractors failed to pull building permits on certain home improvements. Upon final approval of the settlement agreement by the U.S. District Court in the Southern District of California, the Company will pay a total amount of $19,992,900 to completely resolve the dispute, thereby fully releasing the Company without any admission of liability.
Foreign investment in U.S. homes has dropped to its lowest in 15 years, as per a fresh report by the National Association of Realtors. Low supply and high prices have scared many foreign investors away from U.S. real estate, marking the seventh consecutive yearly drop in sales for this cohort. The U.S. Home Market Slump: Unusually high inflation has pushed mortgage rates up, forcing many homeowners to stay in their current homes, bringing the supply of houses down significantly. In this context, people who might have been looking for a new home are incentivized to stick to their low mortgage rates instead of selling their home in exchange for a more expensive mortgage. The fall h
Analysts' ratings for Invitation Homes (NYSE:INVH) over the last quarter vary from bullish to bearish, as provided by 7 analysts. The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 1 6 0 0 Last 30D 0 0 1 0 0 1M Ago 0 0 2 0 0 2M Ago 0 1 3 0 0 3M Ago 0 0 0 0 0 The 12-month price targets assessed by analysts reveal further insights, featuring an average target of $37.57, a high estimate of $40.00, and a low estimate of $36.00. Wit
Evercore ISI Group analyst Steve Sakwa maintains Invitation Homes (NYSE:INVH) with a In-Line and raises the price target from $36 to $37.
Invitation Homes's (NYSE:INVH) short percent of float has fallen 4.88% since its last report. The company recently reported that it has 10.14 million shares sold short, which is 2.34% of all regular shares that are available for trading. Based on its trading volume, it would take traders 4.61 days to cover their short positions on average. Why Short Interest Matters Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Short inte
During the last three months, 9 analysts shared their evaluations of Invitation Homes (NYSE:INVH), revealing diverse outlooks from bullish to bearish. The following table provides a quick overview of their recent ratings, highlighting the changing sentiments over the past 30 days and comparing them to the preceding months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total Ratings 0 2 7 0 0 Last 30D 0 0 2 0 0 1M Ago 0 1 1 0 0 2M Ago 0 0 2 0 0 3M Ago 0 1 2 0 0 The 12-month price targets, analyzed by analysts, offer insights with an average target of $37.89, a high estimate of $40.00, and a low estimate of $36.00. Surpassing the previous average price targe
Keefe, Bruyette & Woods analyst Jade Rahmani maintains Invitation Homes (NYSE:INVH) with a Market Perform and maintains $38 price target.
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company"), the nation's premier single-family home leasing and management company, will release its third quarter 2024 financial and operating results on Wednesday, October 30, 2024, after the market closes. The Company will host a conference call that will be webcast live on Thursday, October 31, 2024, at 2:00 p.m. Eastern Time to review third quarter results, discuss recent events, and conduct a question-and-answer session. A link to the live webcast and related information will be available online from the Company's investor relations website at www.invh.com. Following the conclusion of the earnings call, the Company will post
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company"), the nation's premier single-family home leasing and management company, announced today that it has declared a quarterly cash dividend of $0.28 per share payable on shares of its common stock. The dividend will be paid on or before October 18, 2024, to stockholders of record of the Company's common stock as of the close of business on September 26, 2024. About Invitation Homes Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company"), the nation's premier single-family home leasing and management company, today announced its Second Quarter 2024 financial and operating results. Second Quarter 2024 Highlights Year over year, total revenues increased 8.8% to $653 million, property operating and maintenance costs increased 9.5% to $234 million, net income available to common stockholders decreased 47.0% to $73 million, inclusive of a $59.5 million accrual for certain legal matters, and net income per diluted common share decreased 47.0% to $0.12. Year over year, Core FFO per share increased 7.3% to $0.47 and AFFO per share increased 4.1% to $0.4
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company") will release its second quarter 2024 financial and operating results on Wednesday, July 24, 2024, after the market closes. The Company will host a conference call that will be webcast live on Thursday, July 25, 2024, at 11:00 a.m. Eastern Time to review second quarter results, discuss recent events, and conduct a question-and-answer session. A link to the live webcast and related information will be available online from the Company's investor relations website at www.invh.com. Following the conclusion of the earnings call, the Company will post a replay of the webcast to its website for one year. Live Conference Call
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company") announced today that it has declared a quarterly cash dividend of $0.28 per share payable on shares of its common stock. The dividend will be paid on or before July 19, 2024, to stockholders of record of the Company's common stock as of the close of business on June 27, 2024. About Invitation Homes Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management 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,
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company"), the nation's premier single-family home leasing and management company, today announced its First Quarter 2024 financial and operating results. First Quarter 2024 Highlights Year over year, total revenues increased 9.5% to $646 million, property operating and maintenance costs increased 10.5% to $230 million, net income available to common stockholders increased 18.4% to $142 million, and net income per diluted common share increased 18.2% to $0.23. Year over year, Core FFO per share increased 5.7% to $0.47 and AFFO per share increased 6.8% to $0.41. Same Store NOI increased 4.7% year over year on 5.6% Same
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company") will release its first quarter 2024 financial and operating results on Tuesday, April 30, 2024, after the market closes. The Company will host a webcast and conference call on Wednesday, May 1, 2024, at 11:00 a.m. Eastern Time to review first quarter results, discuss recent events, and conduct a question-and-answer session. Live Conference Call Details: Domestic: 1-888-330-2384 International: 1-240-789-2701 Conference ID: 7714113 Webcast: www.invh.com Replay Conference Call Details: Domestic: 1-800-770-2030 International: 1-609-800-9909 Playback ID: 7714113 Webcast: www.invh.com Available Through: May 31, 2024 Ab
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company") announced today that it has declared a quarterly cash dividend of $0.28 per share payable on shares of its common stock. The dividend will be paid on or before April 19, 2024, to stockholders of record of the Company's common stock as of the close of business on March 28, 2024. About Invitation Homes Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management 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
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company"), the nation's premier single-family home leasing and management company, today announced its Fourth Quarter 2023 and Full Year ("FY") 2023 financial and operating results. Fourth Quarter 2023 and FY 2023 Highlights Year over year, in Q4 2023, total revenues increased 7.7% to $624 million, and property operating and maintenance costs increased 9.0% to $229 million. In FY 2023, total revenues increased 8.7% to $2,432 million, and property operating and maintenance costs increased 12.0% to $880 million. In Q4 2023, net income available to common stockholders totaled $129 million or $0.21 per diluted common share. I
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company") today announced the tax treatment of its 2023 dividends for its Common Stock as summarized in the table below. The Company's tax return for 2023 has not yet been filed. As a result, the information in the table below has been calculated using the best available information as of the date of this release. Please note that federal tax laws affect taxpayers differently and the Company cannot advise its stockholders on how distributions should be reported on their federal income tax returns. Please also note that state and local taxation of real estate investment trust distributions varies and may not be the same as the f
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BofA Securities downgraded Invitation Homes from Buy to Neutral and set a new price target of $37.00
RBC Capital Mkts downgraded Invitation Homes from Outperform to Sector Perform and set a new price target of $36.00 from $37.00 previously
Goldman initiated coverage of Invitation Homes with a rating of Buy and set a new price target of $46.00
Wells Fargo downgraded Invitation Homes from Overweight to Equal Weight and set a new price target of $38.00 from $37.00 previously
Evercore ISI upgraded Invitation Homes from In-line to Outperform and set a new price target of $37.00
Deutsche Bank upgraded Invitation Homes from Hold to Buy and set a new price target of $41.00 from $35.00 previously
Citigroup downgraded Invitation Homes from Buy to Neutral and set a new price target of $39.00
Evercore ISI downgraded Invitation Homes from Outperform to In-line and set a new price target of $36.00
Deutsche Bank initiated coverage of Invitation Homes with a rating of Hold and set a new price target of $35.00
Exane BNP Paribas initiated coverage of Invitation Homes with a rating of Outperform and set a new price target of $39.00
Invitation Homes will manage the 4,400 homes in the portfolio that are within its core markets and invest in the joint venture Invitation Homes Inc. (NYSE:INVH), the nation's premier single-family home leasing and management company, announced today that it has entered into a joint venture with Quarterra Group Inc., a wholly-owned subsidiary of Lennar Corporation (NYSE:LEN), Centerbridge Partners, L.P., and other high quality institutional investors. As part of their agreement, Invitation Homes has acquired a minority equity interest in a portfolio of single-family homes for lease that are part of the Upward America joint venture. Upward America has selected Invitation Homes to provide ma
SmartRent, Inc. (NYSE:SMRT), the leading provider of smart home and property operations solutions for the rental housing industry, today announced the appointment of Daryl Stemm as its Chief Financial Officer. Mr. Stemm, who has served as the Company's senior vice president of finance since 2021, brings four decades of experience in finance, accounting, treasury and risk management to the role. Prior to joining SmartRent, he held senior finance positions with Best Western Hotels and Invitation Homes (NYSE:INVH), and served as CFO at Home Director, Inc., and Catalyst Semiconductor, Inc. In his career, he has completed four IPOs and more than 10 mergers and acquisitions. He holds a Bachelor
RICHMOND, Va., April 28, 2023 (GLOBE NEWSWIRE) -- The Brink's Company (NYSE:BCO), a leading global provider of cash and valuables management, digital retail solutions, and ATM managed services, today announced that Elizabeth A. Galloway will join the company as executive vice president and chief human resources officer, effective May 15. Galloway, who brings two decades of experience in the development of human capital strategy, will join the executive leadership team and report to president and chief executive officer Mark Eubanks. "Elizabeth has a proven track record of planning and executing organizational transformation. She also brings a wealth of global leadership experience, as we
Invitation Homes Inc. (NYSE:INVH) ("Invitation Homes" or the "Company") today announced Ernie Freedman will step down as Executive Vice President, Chief Financial Officer and Treasurer, as of June 1, 2023, and concurrently announced the planned succession appointment of Jonathan Olsen, current Executive Vice President, Corporate Strategy & Finance, as the Company's new Executive Vice President, Chief Financial Officer and Treasurer. To provide for a smooth transition, Freedman will enter into a consulting arrangement with the Company to provide advisory services through March 31, 2024. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home
New Board members bring extensive life science, financial, investor, and entrepreneurial experience to guide IQHQ's expanding development portfolio IQHQ, Inc., a premier life sciences real estate development company, today announced key additions to its Board of Directors – naming Janice Sears and Anshul Mangal as independent directors. With decades of relevant life science and commercial real estate experience, Sears and Mangal join IQHQ at a critical juncture as the company builds out its development portfolio in San Francisco, San Diego, Boston, and the United Kingdom. "We are pleased to add Janice and Anshul to our esteemed Board of Directors," said Steve Rosetta, CEO of IQHQ. "Janice
Veteran real estate executive brings significant experience to accelerate growth of the company's short-term rental portfolio reAlpha, an AI-powered real estate technology and investment company with a goal to empower everyone with the ability to invest in the $1.2 trillion global short-term rental market, is pleased to announce the appointment of veteran real estate investor and operator Jorge Aldecoa as President of reAlpha Asset Management Inc (DBA reAlpha Homes). This strategic hire strengthens reAlpha's executive leadership team as the company looks to accelerate its investment activity. Mr. Aldecoa brings to reAlpha more than 15 years of experience scaling and operating sizeable res