Headquartered in Dallas, Texas, Invitation Homes Inc. (INVH) stands as the leading provider of single-family home leasing and management services in the U.S. With a market capitalization of $19.7 billion, the company not only owns and operates a vast portfolio of single-family rental homes but also offers a full suite of services, including acquisition underwriting, capital investment and renovation, leasing and maintenance, and property dispositions. The company is scheduled to release its fiscal first-quarter earnings after the market closes on Wednesday, April 30.
Ahead of the event, analysts expect INVH to report an FFO of $0.46 per share on a diluted basis, down 2.1% from $0.47 per share in the year-ago quarter. The company has consistently surpassed Wall Street’s FFO estimates in each of its last four quarterly reports. In the recent quarter, it posted an FFO per share of $0.47, beating the consensus estimate by 2.2%, driven by operational efficiencies and consistent rental growth.
For the current year, analysts expect INVH to report an FFO of $1.86, down 1.1% from $1.88 in fiscal 2024. However, its FFO is expected to rebound next year, rising 5.9% year over year to $1.97.
Over the past 52 weeks, INVH stock has declined by 3.6%, falling short of the S&P 500 Index’s ($SPX) 5.5% gains. It has also lagged behind the Real Estate Select Sector SPDR Fund (XLRE), which saw a 6.8% increase during the same period.
Despite the weak price momentum over the past year, shares of Invitation Homes jumped 5.5% on Feb. 26 following the release of Q4 results. The company posted a 5.6% year-over-year revenue increase to $659 million, slightly ahead of analyst forecasts. With average occupancy reaching 96.7%, the company continues to demonstrate robust performance and a focus on investor value.
Analysts’ consensus opinion on INVH stock is reasonably bullish, with a “Moderate Buy” rating overall. Out of 22 analysts covering the stock, eight advise a “Strong Buy” rating, one suggests a “Moderate Buy,” and 13 give a “Hold.” INVH’s average analyst price target is $36.30, indicating a potential upside of 11% from the current levels.
On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
