Jupiter Topco LLC bought a new stake in Invitation Home (NYSE:INVH – Free Report) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 140,383 shares of the company’s stock, valued at approximately $4,243,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Sequoia Financial Advisors LLC grew its position in Invitation Home by 2.4% during the 4th quarter. Sequoia Financial Advisors LLC now owns 20,257 shares of the company’s stock worth $563,000 after acquiring an additional 484 shares during the last quarter. LPL Financial LLC increased its stake in shares of Invitation Home by 0.7% in the fourth quarter. LPL Financial LLC now owns 73,676 shares of the company’s stock valued at $2,047,000 after buying an additional 503 shares during the period. Commonwealth Equity Services LLC increased its stake in shares of Invitation Home by 5.1% in the fourth quarter. Commonwealth Equity Services LLC now owns 10,575 shares of the company’s stock valued at $294,000 after buying an additional 516 shares during the period. Northwestern Mutual Wealth Management Co. raised its holdings in Invitation Home by 21.6% in the 3rd quarter. Northwestern Mutual Wealth Management Co. now owns 3,171 shares of the company’s stock valued at $93,000 after buying an additional 564 shares during the last quarter. Finally, SCS Capital Management LLC raised its holdings in Invitation Home by 3.4% in the 4th quarter. SCS Capital Management LLC now owns 17,908 shares of the company’s stock valued at $498,000 after buying an additional 582 shares during the last quarter. Institutional investors own 96.79% of the company’s stock.
Wall Street Analyst Weigh In Several equities research analysts have recently weighed in on INVH shares. Raymond James Financial upgraded shares of Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 price objective for the company in a research report on Monday, May 18th. JPMorgan Chase & Co. boosted their target price on shares of Invitation Home from $33.00 to $34.00 and gave the company an “overweight” rating in a report on Tuesday, August 25th. Keefe, Bruyette & Woods upped their price target on shares of Invitation Home from $29.00 to $31.00 and gave the company a “market perform” rating in a research report on Wednesday, August 5th. Citigroup reiterated a “buy” rating on shares of Invitation Home in a report on Thursday, August 6th. Finally, BMO Capital Markets lifted their price objective on Invitation Home from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Monday, June 15th. Ten investment analysts have rated the stock with a Buy rating, ten have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $32.53.
View Our Latest Stock Report on Invitation Home Invitation Home Trading Down 0.1% Shares of Invitation Home stock opened at $29.12 on Wednesday. The company has a market capitalization of $17.20 billion, a P/E ratio of 26.72, a price-to-earnings-growth ratio of 4.16 and a beta of 0.83. The stock has a fifty day simple moving average of $29.98 and a 200 day simple moving average of $28.18. Invitation Home has a 12-month low of $24.25 and a 12-month high of $31.16. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.44.
Invitation Home (NYSE:INVH – Get Free Report) last released its earnings results on Wednesday, July 29th. The company reported $0.51 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.34. The company had revenue of $747.55 million for the quarter, compared to analysts’ expectations of $731.13 million. Invitation Home had a return on equity of 7.22% and a net margin of 23.13%.The business’s revenue for the quarter was up 9.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.920-1.980 EPS. On average, sell-side analysts anticipate that Invitation Home will post 1.89 earnings per share for the current fiscal year.
Invitation Home Dividend Announcement The business also recently announced a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 4.1%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home’s payout ratio is presently 110.09%.
Invitation Home Profile (Free Report)
Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.
Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.
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Invitation Homes ve 2. čtvrtletí zvýšila core FFO na akcii na 51 centů a výnosy o 9,7 % na 747,55 mil. USD, zároveň navýšila celoroční výhled core FFO pro rok 2026.
It has been about a month since the last earnings report for Invitation Home (INVH - Free Report) . Shares have lost about 1.5% in that time frame, underperforming the S&P 500.
But investors have to be wondering, will the recent negative trend continue leading up to its next earnings release, or is Invitation Home due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
Invitation Homes Q2 FFO Beats on NOI Growth, Revenues Top, '26 View UpInvitation Homes reported second-quarter 2026 core FFO per share of 51 cents, beating the Zacks Consensus Estimate of 49 cents. The figure increased 5% from a year earlier.
The results benefited from NOI growth, higher lease rates, the ResiBuilt acquisition and $49.46 million of homebuilding revenues. Same-store NOI advanced 1.5%. The company raised its 2026 core FFO per share guidance.
Total revenues improved 9.7% year over year to $747.55 million and surpassed the consensus mark by 4.7%.
Invitation Homes' Broader Revenue Mix Supports GrowthRental revenues increased 1.8% year over year to $602.99 million, while other property income climbed 13.2% to $75.37 million. These gains offset an 11.5% decline in management fee revenues to $19.74 million.
Homebuilding activities added a new source of growth following the ResiBuilt acquisition in January 2026. However, the associated cost of sales totaled $42.22 million, indicating that the business contributed less to profitability than its top-line impact alone suggests.
Invitation Homes Posts Steady Same-Store GainsThe same-store portfolio comprised 77,326 homes, representing 90.4% of the total portfolio. Core revenues grew 1.6%, primarily driven by a 2% increase in the average monthly rent, partly offset by a 20-basis-point decline in average occupancy.
Average occupancy was 97.1%, while bad debt remained stable at 0.6% of gross rental revenues. The turnover rate improved to 5.7% from 6.2%, supporting leasing stability despite slower rent growth compared with the prior-year quarter.
Invitation Homes' New Lease Spreads Return to PositiveRenewal rent growth was 3.3%, down from 4.7% a year ago. New lease rent growth moderated to 1.1% from 2.1%, resulting in blended rent growth of 2.7% compared with 4% in the prior-year period.
Still, the new lease result marked a notable sequential improvement from the 3% decline recorded in the first quarter. Average monthly rent reached $2,480, up from $2,431 a year earlier and $2,471 in the preceding quarter.
Invitation Homes Accelerates Dispositions and BuybacksThe company sold 657 wholly owned homes for gross proceeds of approximately $309 million and acquired 196 homes for about $74 million. It generated roughly $234 million in net disposition proceeds, which supported share repurchases and debt reduction.
Invitation Homes repurchased nearly 3.5 million shares during the quarter for approximately $100 million. Since December 2025, the company has bought back 22.8 million shares for $600 million. It retained $400 million under its current repurchase authorization at quarter-end.
Invitation Homes Maintains Ample Financial FlexibilityInvitation Homes ended June with $1.55 billion of available liquidity. Total indebtedness was $8.59 billion, of which 83.8% was unsecured, and 92.4% was fixed-rate or swapped to fixed-rate debt. Net debt to trailing 12-month adjusted EBITDAre was 5.4X, below the targeted range of 5.5X-6X.
Subsequent to quarter-end, the company completed a $500 million offering of 4.95% senior notes due in 2032. The proceeds were used to reduce a secured debt obligation maturing in June 2027, extending the weighted average debt maturity and reducing secured borrowings.
Invitation Homes Raises Its 2026 OutlookInvitation Homes raised its full-year 2026 core FFO guidance to $1.92-$1.98 per share, lifting the midpoint by a penny to $1.95.
The company narrowed its same-store core revenue growth outlook to 1.5%-2.3%, and its NOI growth range to 0.4%-1.9%, leaving both midpoints unchanged. It raised its wholly owned disposition target to $750-$950 million from a prior midpoint of $550 million, reflecting favorable private-market valuations.
How Have Estimates Been Moving Since Then?It turns out, estimates review have trended downward during the past month.
VGM ScoresAt this time, Invitation Home has a poor Growth Score of F, a grade with the same score on the momentum front. However, the stock was allocated a score of C on the value side, putting it in the middle 20% for value investors.
Overall, the stock has an aggregate VGM Score of F. If you aren't focused on one strategy, this score is the one you should be interested in.
OutlookEstimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Invitation Home has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Šéf Invitation Homes uvedl, že zákaz institucionálních nákupů stávajících domů časem sníží ceny bydlení, ale ne hned. Firma se mezitím soustředí na nové domy určené k pronájmu.
The CEO of Invitation Homes, the nation's largest single-family rental landlord, said he believes the recently passed housing bill that bans investors like him from buying existing homes will eventually lower home prices, but not in the short-term.
"I believe in the medium- to long-term, it definitely will," said Invitation Homes chief executive Dallas Tanner. "I think 90% of the bill focuses on deregulation. How do we simplify capital coming into housing? Are there ways that we can spur up the supply side challenges that we have? I think overnight in the immediate term, it's a bit trickier because there's more to the story than just what the bill addresses."
Tanner pointed to mortgage rate volatility, high construction costs, and zoning and regulatory imbalances.
In early January, President Donald Trump called for a ban on large-scale investors buying single-family homes to rent. He posted on social media that, "People live in homes, not corporations." This was part of a larger push to tackle the affordability crisis in housing. Some argued that institutional investors were pushing owner-occupants out of the market and inflating home prices.
The ban became law in July, preventing investors who own more than 350 homes from purchasing any more existing units. They can, however, buy new single-family homes specifically built for rent. That is where Invitation Homes is leaning in.
"Our focus as an industry and as a company has been, how do we create new supply and bring that into the housing system today? We built or acquired, in our partnerships with builders, over 6,000 new homes in the last five years," said Tanner.
In January, just weeks after Trump's post, Invitation Homes purchase a homebuilder, ResiBuilt. It has also purchased homes from large public builders like Pulte Homes and Lennar to use as rentals.
"We found through trial and error ... that this new product, this beta product, the product that we do amongst these master planned developments — it works really, really well for our families. And so we were indexing on that, and that is part of our growth strategy," said Tanner, adding that the company has been selling off hundreds of its older rental properties.
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The largest investors, those owning more than 1,000 homes, represent less than 3% of the single-family rental market, according to various sources. They do, however, have an outsized footprint in certain metropolitan markets, like Atlanta (representing 25% of single-family homes there), Jacksonville (21%) and Charlotte (18%), according to the Urban institute.
Invitation Homes reported better-than-expected earnings at the end of July, even though rents and demand are not as healthy as they were in the first few years of the pandemic.
"We've seen sort of fundamentals reset. We talked about it on our last earnings call. We're starting to see actual pretty positive green shoots in several of our markets," said Tanner. "But we're really focused on — how do we navigate this and what does this mean?"
Invitation Home zvýšila celoroční výhled core FFO na 1,95 USD na akcii a AFFO na 1,65 USD. Ve 2. čtvrtletí dosáhla obsazenost více než 97 % a core FFO na akcii vzrostl meziročně o 5 %.
Invitation Home NYSE: INVH reported second-quarter results marked by occupancy above 97%, accelerating new-lease pricing through June and higher funds from operations, while executives raised full-year guidance and highlighted capital deployment through stock repurchases, home sales and construction lending.
President and Chief Executive Officer Dallas Tanner said the single-family rental company’s average occupancy remained above 97% during the quarter, while new-lease rate growth accelerated for a sixth consecutive month. Core FFO per share rose 5% year over year and adjusted FFO per share increased just under 6%, he said.
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Tanner also discussed the recently enacted 21st Century ROAD to Housing Act, which he said provides clarity for the company and broader housing industry. He said the legislation includes provisions intended to accelerate and encourage new construction, a policy objective Invitation Homes supports through its homebuilder partnerships and new-construction activities.
According to Tanner, John Burns data show it is, on average, more than $1,000 per month cheaper to lease than own a comparable home in Invitation Homes’ markets. Based on the company’s average resident tenure of slightly more than 40 months, he said that represents more than $40,000 of savings for a typical household.
Operating trends strengthen through July Chief Operating Officer Tim Lobner said same-store net operating income increased 1.5% from a year earlier in the second quarter. The increase reflected 1.6% core revenue growth and 1.9% growth in core operating expenses.
Second-quarter renewal rent growth averaged 3.3%, rising to 3.7% in June. New-lease rent growth was 1.1% for the quarter. Blended lease rent growth was 2.7%. Turnover improved 50 basis points year over year to 5.7%. Average occupancy was 97.1% during the quarter. Lobner said controllable expenses declined 1% year over year, while fixed costs, including property taxes and insurance, rose 3.5%. He attributed the controllable-cost result to operational execution and said both fixed and controllable expenses were tracking in line with the company’s expectations.
The company’s preliminary July figures showed renewal rent growth of 4.3%, new-lease growth of 1.2% and blended growth of 3.4%. July occupancy averaged 96.5%, which Lobner said reflected normal seasonal move-outs. He said August renewals were shaping up similarly to July, while new-lease growth is expected to moderate through the remainder of the year following its seasonal peak.
Management said supply conditions were improving, though some markets still have excess inventory to absorb. Lobner said build-to-rent deliveries have declined and growth in new single-family rental supply has slowed, while markets that had been most oversupplied were experiencing sharper reductions in unsold new-home inventory.
Home sales fund buybacks and reduce revolver borrowings Chief Financial Officer Jon Olsen said core FFO was $0.51 per share during the second quarter, up 5% from the prior year, while AFFO was $0.44 per share, an increase of nearly 6%.
Invitation Homes sold 657 wholly owned homes, primarily to end users, for approximately $309 million in gross proceeds during the quarter. It acquired 196 homes from homebuilder partners for about $74 million.
As dispositions have exceeded the company’s earlier expectations, Olsen said Invitation Homes increased its full-year guidance for sales of wholly owned homes by $300 million at the midpoint, to $850 million. Acquisition guidance was unchanged, with midpoints of $250 million for wholly owned homes purchased from builder partners and $100 million through joint ventures.
The company repurchased another $100 million of stock in the second quarter, bringing total repurchases since the program began late last year to $600 million. Invitation Homes has repurchased about 22.8 million shares at an average price of $26.30 each, according to Olsen.
Olsen said the average repurchase price represented an implied value of slightly more than $270,000 per wholly owned home, compared with the company’s year-to-date average home sale price of $450,000. Proceeds from asset sales and free cash flow helped reduce the company’s revolver balance to $280 million at June 30 from $560 million at March 31.
Net debt to trailing 12-month adjusted EBITDA stood at 5.4 times at quarter-end, slightly below the company’s 5.5-times to 6-times target range. Invitation Homes ended the quarter with more than $1.5 billion in available liquidity, with substantially all debt fixed or swapped to fixed rates and approximately 90% of wholly owned homes unencumbered.
Earlier in July, the company issued $500 million of 2032 senior notes carrying a 4.95% coupon. It used net proceeds to prepay approximately half of its 2017-1 securitization, which had a $988 million balance at June 30 and matures next summer.
Guidance rises as management cites second-half risks Invitation Homes raised its full-year core FFO guidance midpoint by $0.01 to $1.95 per share and its AFFO midpoint by $0.01 to $1.65 per share. The company also narrowed its same-store core revenue and NOI growth guidance ranges around unchanged midpoints.
Olsen said the outlook reflected “cautious optimism,” while noting risks related to seasonally higher turnover, the need to maintain occupancy amid an improving but still elevated supply backdrop, and uncertainty around property-tax assessments. Property taxes represent about 55% of total operating expenses, he said, with California, Georgia and Florida accounting for about 70% of the property-tax line item.
Management also said the disruption created by earlier versions of the ROAD to Housing Act delayed or canceled some ResiBuilt projects scheduled to begin during the first half. As a result, ResiBuilt’s 2026 earnings contribution is expected to trail original expectations, although executives said its development pipeline has begun to refill following the legislation’s passage.
Chief Investment Officer Scott Eisen said the company had begun seeing more interest in smaller acquisition portfolios after legislative uncertainty subsided, though transaction activity remained limited and he did not provide pricing expectations. The company has construction loan commitments, including deals still under diligence, totaling just under $350 million, with roughly 10% funded. Tanner said the loans typically generate high-single-digit yields and may provide an opportunity to acquire completed communities.
About Invitation Home (NYSE:INVH)Invitation Homes NYSE: INVH is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.
Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to [email protected].
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Invitation Home (INVH - Free Report) came out with quarterly funds from operations (FFO) of $0.51 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to FFO of $0.48 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an FFO surprise of +4.08%. A quarter ago, it was expected that this real estate investment trust focused on single-family rentals would post FFO of $0.48 per share when it actually produced FFO of $0.48, delivering no surprise.
Over the last four quarters, the company has surpassed consensus FFO estimates just once.
Invitation Home, which belongs to the Zacks REIT and Equity Trust - Residential industry, posted revenues of $747.55 million for the quarter ended June 2026, surpassing the Zacks Consensus Estimate by 4.66%. This compares to year-ago revenues of $681.4 million. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.
Invitation Home shares have added about 8.1% since the beginning of the year versus the S&P 500's gain of 8.5%.
What's Next for Invitation Home?While Invitation Home has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's FFO outlook. Not only does this include current consensus FFO expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Invitation Home was favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and the current fiscal year change in the days ahead. The current consensus FFO estimate is $0.48 on $720 million in revenues for the coming quarter and $1.95 on $2.85 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, REIT and Equity Trust - Residential is currently in the top 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Camden (CPT - Free Report) , another stock in the same industry, has yet to report results for the quarter ended June 2026. The results are expected to be released on July 30.
This real estate investment trust is expected to post quarterly earnings of $1.67 per share in its upcoming report, which represents a year-over-year change of -1.8%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.
Camden's revenues are expected to be $391.65 million, down 1.2% from the year-ago quarter.
Invitation Home (NYSE:INVH – Get Free Report) is expected to issue its Q2 2026 results after the market closes on Wednesday, July 29th. Analysts expect Invitation Home to post earnings of $0.1708 per share and revenue of $731.13 million for the quarter. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. Parties are encouraged to explore the company’s upcoming Q2 2026 earning summary page for the latest details on the call scheduled for Thursday, July 30, 2026 at 11:00 AM ET.
Invitation Home (NYSE:INVH – Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.18 by $0.08. The company had revenue of $579.00 million during the quarter, compared to analyst estimates of $689.91 million. Invitation Home had a return on equity of 6.29% and a net margin of 20.88%.The business’s revenue was up 8.8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 earnings per share. On average, analysts expect Invitation Home to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Invitation Home Stock Down 0.5% Shares of Invitation Home stock opened at $29.64 on Tuesday. The company has a current ratio of 0.02, a quick ratio of 0.02 and a debt-to-equity ratio of 0.50. The business’s 50 day simple moving average is $29.56 and its 200-day simple moving average is $27.59. The stock has a market capitalization of $17.61 billion, a price-to-earnings ratio of 31.20, a PEG ratio of 3.49 and a beta of 0.84. Invitation Home has a twelve month low of $24.25 and a twelve month high of $32.04.
Invitation Home Announces Dividend The business also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Investors of record on Thursday, June 25th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, June 25th. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. Invitation Home’s payout ratio is currently 126.32%.
Analyst Upgrades and Downgrades A number of research analysts recently commented on INVH shares. Evercore restated an “outperform” rating and set a $32.00 price objective on shares of Invitation Home in a research note on Friday, May 1st. Wall Street Zen upgraded Invitation Home from a “sell” rating to a “hold” rating in a research note on Saturday, April 25th. Barclays boosted their price target on shares of Invitation Home from $32.00 to $36.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. BMO Capital Markets upped their price target on shares of Invitation Home from $32.00 to $35.00 and gave the stock a “market perform” rating in a research report on Monday, June 15th. Finally, Weiss Ratings raised shares of Invitation Home from a “hold (c-)” rating to a “hold (c)” rating in a report on Monday, June 1st. Ten investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Invitation Home presently has a consensus rating of “Hold” and a consensus price target of $32.47.
View Our Latest Stock Report on Invitation Home
Institutional Trading of Invitation Home Hedge funds and other institutional investors have recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of Invitation Home by 1.3% in the 3rd quarter. State Street Corp now owns 36,621,403 shares of the company’s stock worth $1,084,514,000 after acquiring an additional 462,379 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of Invitation Home by 8.8% during the third quarter. Daiwa Securities Group Inc. now owns 14,487,603 shares of the company’s stock valued at $424,922,000 after acquiring an additional 1,168,113 shares during the period. Invesco Ltd. increased its stake in shares of Invitation Home by 7.5% during the third quarter. Invesco Ltd. now owns 12,622,824 shares of the company’s stock valued at $370,227,000 after acquiring an additional 877,491 shares during the period. JPMorgan Chase & Co. raised its holdings in Invitation Home by 18.8% during the fourth quarter. JPMorgan Chase & Co. now owns 8,175,436 shares of the company’s stock worth $227,195,000 after purchasing an additional 1,291,158 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its holdings in Invitation Home by 6.3% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 7,516,247 shares of the company’s stock worth $208,877,000 after purchasing an additional 447,008 shares in the last quarter. 96.79% of the stock is currently owned by institutional investors.
About Invitation Home (Get Free Report)
Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.
Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.
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Invitation Homes čeká za 2. čtvrtletí vyšší výnosy i FFO na akcii, ta má podle odhadu dosáhnout 49 centů. Tahounem zůstávají obnovení nájemních smluv a obsazenost.
Key Takeaways Invitation Homes is expected to post higher Q2 revenues and FFO per share.INVH reported stronger occupancy, positive new lease growth and steady renewal pricing entering the quarter.INVH expects renewals to remain a key driver, though heavy supply may limit pricing in some markets. Invitation Homes (INVH - Free Report) is slated to report second-quarter 2026 results on July 29, after market close. The company’s quarterly results are likely to highlight year-over-year increases in revenues and funds from operations (FFO) per share.
In the last reported quarter, this residential real estate investment trust (REIT) posted a core FFO per share of 48 cents, meeting the Zacks Consensus Estimate. Results reflected firm operating momentum, with higher blended rentals and improved leasing trends.
Over the preceding four quarters, INVH’s core FFO per share met the Zacks Consensus Estimate on all occasions, with the average beat being 0.00%. The graph below depicts this surprise history:
In this article, we will dive deep into the U.S. apartment market environment and the company's fundamentals and analyze the factors that may have contributed to its second-quarter 2026 performance.
US Apartment Market in Q2The U.S. multifamily market entered the second half of 2026 with a clearer recovery taking shape, as strong renter demand and a rapidly shrinking supply pipeline began translating into lower vacancy and improving rent growth.
According to a Cushman & Wakefield report, net absorption reached roughly 124,600 units, up from 83,500 units in the first quarter and 8% above the prior year, making it the fifth-strongest quarter in nearly 25 years. The supply picture also became more favorable. Approximately 88,000 units were delivered during the quarter, down 27% year over year. Around 475,000 units remained under construction at quarter-end, equal to just 3.5% of existing inventory.
Improving demand and slowing supply pushed the national vacancy rate down 35 basis points quarter over quarter to 8.9%, its first move below 9% since 2024. On a trailing four-quarter basis, absorption of approximately 362,000 units exceeded deliveries of about 358,000 units for the first time since early 2022, indicating vacancy is likely to have passed its cyclical peak. The recovery was particularly pronounced in previously overbuilt markets: Austin; Charleston, SC; Savannah, GA; Huntsville, AL; Salt Lake City, UT, and Colorado Springs recorded some of the largest quarterly vacancy declines.
Rent growth remains modest but is beginning to improve. National asking rents reached approximately $1,945 per month, up 1.5% year over year, compared with 1.1% growth in the first quarter. The Bay Area led the recovery, with San Francisco rents rising 13%, San Jose 7% and the East Bay 4.8%. Norfolk, VA; Toledo, OH; Reno, NV, and Boise, ID, also posted strong gains.
High-supply markets remained softer, with rents still declining in Austin and Sarasota, FL, although the pace of those declines moderated as excess supply was absorbed. Overall, the market appears to be shifting from stabilization into an occupancy-led recovery, with broader rent growth likely as the construction pipeline continues to shrink.
Factors at Play and Projections for Invitation HomesInvitation Homes’ second-quarter 2026 performance is likely to have benefited from stronger peak-season leasing trends, improving occupancy and steady renewal pricing. Management said April occupancy accelerated to 97.1%, up 80 basis points from the first-quarter average, while new lease rent growth returned to positive territory at just under 0.5%. Renewal rent growth remained in the low-3% range, lifting blended rent growth to 2.3%. These trends suggest that same-store revenue growth may have improved from the first quarter as demand remained healthy and available rental supply moderated.
Renewals should remain the key support, with management expecting mid-3% to mid-4% renewal growth through the year. New lease pricing is likely to have strengthened further through late second quarter as the gap with renewal rates narrowed during the peak leasing season.
For the second quarter, the Zacks Consensus Estimate for INVH’s rental revenues currently stands at $669.3 million, up from $592.5 million reported in the prior-year period. The Zacks Consensus Estimate for second-quarter total revenues is pegged at $714.3 million, indicating a rise of 4.8% from the year-ago reported number.
However, elevated inventory in some markets could still have limited pricing power, making occupancy preservation important.
Invitation Homes’ activities in the to-be-reported quarter were inadequate to garner analysts’ confidence. The Zacks Consensus Estimate for the quarterly FFO per share has remained unchanged at 49 cents over the past two months. However, the figure suggests an improvement of 2.1% year over year.
What Our Quantitative Model Predicts for Invitation HomesOur proven model does not conclusively predict a surprise in terms of FFO per share for INVH this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an FFO beat, which is not the case here.
Invitation Homes currently has an Earnings ESP of 0.00% and carries a Zacks Rank #3. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks That Warrant a LookHere are two stocks from the broader REIT sector — Extra Space Storage (EXR - Free Report) and Cousins Properties (CUZ - Free Report) — you may want to consider, as our model shows that these have the right combination of elements to report an FFO beat this quarter.
Extra Space Storage is slated to report quarterly numbers on July 28. EXR has an Earnings ESP of +0.39% and a Zacks Rank of 3 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Cousins is slated to report quarterly numbers on July 30. CUZ has an Earnings ESP of +0.45% and a Zacks Rank of 3 at present.
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs.
Kalifornský systém důchodového zabezpečení zaměstnanců veřejného sektoru (California Public Employees Retirement System) ve 1. čtvrtletí snížil podíl v Invitation Home o 10 % na 1 406 108 akcií v hodnotě 34,942 mil. USD.
California Public Employees Retirement System lessened its stake in shares of Invitation Home (NYSE:INVH – Free Report) by 10.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,406,108 shares of the company’s stock after selling 155,586 shares during the period. California Public Employees Retirement System owned 0.24% of Invitation Home worth $34,942,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Tudor Investment Corp ET AL increased its stake in shares of Invitation Home by 570.5% in the 3rd quarter. Tudor Investment Corp ET AL now owns 130,998 shares of the company’s stock valued at $3,842,000 after purchasing an additional 111,461 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Invitation Home by 3.2% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 2,413,502 shares of the company’s stock worth $67,071,000 after buying an additional 74,029 shares during the period. SG Americas Securities LLC lifted its holdings in Invitation Home by 535.7% during the 4th quarter. SG Americas Securities LLC now owns 1,204,463 shares of the company’s stock worth $33,472,000 after buying an additional 1,014,984 shares during the period. Oak Thistle LLC grew its position in shares of Invitation Home by 1,538.3% in the 4th quarter. Oak Thistle LLC now owns 130,210 shares of the company’s stock valued at $3,619,000 after buying an additional 122,262 shares during the last quarter. Finally, M&T Bank Corp bought a new stake in shares of Invitation Home in the 4th quarter valued at about $1,756,000. 96.79% of the stock is owned by institutional investors and hedge funds.
Invitation Home Price Performance Shares of INVH opened at $29.83 on Wednesday. The firm has a market cap of $17.72 billion, a PE ratio of 31.40, a price-to-earnings-growth ratio of 3.53 and a beta of 0.84. Invitation Home has a 52-week low of $24.25 and a 52-week high of $32.67. The business’s 50 day moving average price is $29.47 and its two-hundred day moving average price is $27.54. The company has a debt-to-equity ratio of 0.50, a quick ratio of 0.02 and a current ratio of 0.02.
Invitation Home (NYSE:INVH – Get Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.18 by $0.08. The company had revenue of $579.00 million during the quarter, compared to the consensus estimate of $689.91 million. Invitation Home had a net margin of 20.88% and a return on equity of 6.29%. The company’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.48 EPS. Invitation Home has set its FY 2026 guidance at 1.900-1.980 EPS. On average, equities analysts anticipate that Invitation Home will post 1.89 EPS for the current year.
Invitation Home Announces Dividend The company also recently disclosed a quarterly dividend, which was paid on Friday, July 17th. Shareholders of record on Thursday, June 25th were paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Thursday, June 25th. Invitation Home’s dividend payout ratio (DPR) is 126.32%.
Analyst Upgrades and Downgrades Several research analysts have issued reports on the stock. Jefferies Financial Group upgraded shares of Invitation Home to a “hold” rating in a research report on Friday, June 26th. Scotiabank increased their price objective on shares of Invitation Home from $29.00 to $30.00 and gave the stock a “sector perform” rating in a research report on Thursday, June 18th. Cfra downgraded shares of Invitation Home from a “hold” rating to a “sell” rating and lowered their target price for the stock from $29.00 to $27.00 in a research note on Wednesday, May 27th. Raymond James Financial upgraded shares of Invitation Home from a “market perform” rating to an “outperform” rating and set a $32.00 target price on the stock in a report on Monday, May 18th. Finally, Keefe, Bruyette & Woods upped their price target on shares of Invitation Home from $28.00 to $29.00 and gave the company a “market perform” rating in a research report on Monday, May 4th. Ten research analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, Invitation Home presently has an average rating of “Hold” and a consensus price target of $32.47.
Check Out Our Latest Stock Report on Invitation Home
Invitation Home Company Profile (Free Report)
Invitation Homes (NYSE: INVH) is a real estate investment trust that specializes in the ownership, operation and leasing of single-family rental homes across the United States. The company focuses on acquiring suburban and urban-adjacent single-family residences and managing them as rental properties for households seeking professionally managed, long-term housing alternatives to traditional homeownership or multifamily rentals.
Operationally, Invitation Homes is involved in the full lifecycle of the single-family rental business: sourcing and acquiring homes, performing renovations and ongoing maintenance, marketing and leasing properties, and providing property management and resident services.
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Invitation Homes upsala veřejnou emisi seniorních nezajištěných dluhopisů za 500 milionů USD s kupónem 4,950 % splatných 1. února 2032. Čistý výnos hodlá použít na obecné firemní účely, včetně splácení dluhu.
DALLAS--(BUSINESS WIRE)--Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes,” the “Company,” or “our”) 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 4.950% Senior Notes due 2032 (the “Notes”). The Notes were priced at 99.291% of the principal amount and will mature on February 1, 2032. The offering is expected to close on July 8, 2026, 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 intends to use the net proceeds from the offering for general corporate purposes, which may include the repayment of indebtedness.
Wells Fargo Securities, KeyBanc Capital Markets, Mizuho, US Bancorp, BofA Securities, Capital One Securities, Deutsche Bank Securities, J.P. Morgan Securities LLC, PNC Capital Markets LLC and Truist Securities are acting as the joint book-running managers of the offering. BMO Capital Markets, M&T Securities, BNP PARIBAS, Goldman Sachs & Co. LLC, Morgan Stanley, RBC Capital Markets, Regions Securities LLC, Ramirez & Co., Inc., BNY Capital Markets, Citigroup, Huntington Capital Markets, Scotiabank and Zelman Partners LLC are acting as the co-managers of the offering.
The offering is being made pursuant to an effective shelf registration statement filed by the Company, the Operating Partnership, Invitation Homes OP GP LLC, and IH Merger Sub, LLC with the Securities and Exchange Commission (the “SEC”). A prospectus supplement and accompanying prospectus relating to the offering will be filed with the SEC. When available, a copy of the prospectus supplement and accompanying prospectus relating to the offering may be obtained from: Wells Fargo Securities, LLC, toll-free: 1-800-645-3751; KeyBanc Capital Markets Inc., toll-free: 1-866-277-6479; Mizuho Securities USA LLC, toll-free: 1-866-271-7403; and U.S. Bancorp Investments, Inc., toll-free: 1-877-558-2607; or by visiting the EDGAR database on the SEC’s website at www.sec.gov.
This press release does not constitute an offer to sell or the solicitation of an offer to buy nor will there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
About Invitation Homes
Invitation Homes, an S&P 500 company, is the nation’s premier single-family home leasing and management company, helping to expand housing through new development and strategic partnerships. Our purpose, Unlock the Power of Home™, reflects our commitment to address America’s housing needs by delivering high-quality living solutions and Genuine CARE™ to those who choose the flexibility and value of leasing.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, which include, but are not limited to, statements related to the Company’s expectations regarding the performance of the Company’s business, its financial results, its liquidity and capital resources and the use of the net proceeds from the offering, and other non-historical statements. In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “guidance,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties that may impact our financial condition, results of operations, cash flows, business, associates, and residents, including, among others, risks inherent to the single-family rental industry and the Company’s business model, macroeconomic factors beyond the Company’s control, federal, state, and local laws, regulations, executive actions, and policy initiatives, competition in identifying and acquiring properties, competition in the leasing market for quality residents, increasing property taxes, homeowners’ association fees and insurance costs, poor resident selection and defaults and non-renewals by the Company’s residents, the Company’s dependence on third parties for key services, risks related to the evaluation of properties, performance of the Company’s information technology systems, development and use of artificial intelligence, risks related to the Company’s indebtedness, risks related to the potential negative impact of fluctuating global and United States economic conditions (including inflation and imposition or increase of tariffs and trade restrictions by the United States and foreign countries), uncertainty in financial markets (including as a result of events affecting financial institutions), geopolitical tensions, natural disasters, climate change, and public health crises. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The Company believes these factors include, but are not limited to, those described under Part I. Item 1A. “Risk Factors” of the Company’s Annual Report on Form 10-K for the year ended December 31, 2025 (the “Annual Report”), as such factors may be updated from time to time in the Company’s periodic filings with the SEC, which are accessible on the SEC’s website at https://www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this press release, in the Annual Report, and in the Company’s other periodic filings. The forward-looking statements speak only as of the date of this press release, and the Company expressly disclaims any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except to the extent otherwise required by law.
