Invitation Homes (INVH)
Owns, leases, and manages single-family rentals while building new supply through ResiBuilt.
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Owns and leases single-family homes across growth markets in the western and southeastern United States, while managing joint-venture and third-party portfolios. Rent and property income anchor revenue; ResiBuilt fee-building, developer lending, and management services extend the platform beyond wholly owned rentals.
Owns and leases single-family homes, manages additional homes for joint ventures and third-party owners, and earns primarily from rent and property-related charges. ResiBuilt adds fee-based homebuilding and internal development capabilities, while developer lending and builder relationships expand access to newly built supply. Operations are concentrated across 16 U.S. markets in the West, Florida, and the Southeast.
Combines centralized leasing, pricing, technology, and asset management with local renovation and maintenance teams, using portfolio density to control service and operating costs. Results depend on occupancy, resident rent payments and renewals, while property taxes, insurance, homeowners-association fees, and maintenance are comparatively fixed. Institutional-ownership policy initiatives can constrain acquisitions; leasing follows state and local landlord-tenant rules, and construction depends on land, permitting, materials, labor, and contractor execution.
Company facts
Target rangeAs of Sep 21, 2026
Latest analyst notes
| Date | Firm | Action | Prior | Current |
|---|---|---|---|---|
| Sep 21, 2026 | Mizuho Securities | Target | Target: $31 | Target: $32 |
| Sep 21, 2026 | BTIG | Target | Target: $50 | Target: $32 |
| Sep 21, 2026 | Mizuho | Upgrade | ||
| Sep 17, 2026 | Scotiabank | Reiterate | Rating: —Target: $30 | Target: $28 |
| Aug 3, 2026 | Oppenheimer | Reiterate | Rating: —Target: $31 | Target: $33 |
EPSReportedEstimate
RevenueReportedEstimate
Balance sheet, Jun 30, 2026Cash & short-term investments $75.8M · Total debt $8.55B · Total assets $18.45B · Shareholders' equity $9.05B
- Revenue
- $747.6M
- Operating income
- $184.0M
- Net income
- $218.8M
HistoryDividendAnnual yieldUpcoming
| Institutions | ≈ 101.14% | 600.81M shares | |
|---|---|---|---|
| 635 holders · as of Jun 30, 2026 · largest filers plus last quarter's tail | |||
| Insiders | 0.32% | 1.88M shares | |
| 15 holders · as of Aug 3, 2026 | |||
| Strategic holders | 7.75% | 46.06M shares | |
| 1 holder · as of Feb 10, 2020 | |||
| Adds to | 109.21% | ||
594.04M company shares as of Sep 7, 2026 · institutions as of Jun 30, 2026 · holders as of their latest filing
This quarter's institutional total failed a plausibility check; shown: the largest filers plus last quarter's remainder.
These groups come from separate filings that can overlap, so they add to 109.21%; nothing is left for Other.
Top shareholders13F · 13D/G · Form 4
| Holder | Stake | Shares | Date |
|---|---|---|---|
BlackRock, Inc.Institution | 10.40% | 61.80M | as of Jun 30, 2026 |
Norges BankInstitution | 8.67% | 51.51M | as of Jun 30, 2026 |
Vanguard Portfolio Management LLCInstitution | 8.09% | 48.04M | as of Jun 30, 2026 |
BlackRock, Inc.Strategic | 7.75% | 46.06M | filed Feb 10, 2020 |
State Street CorpInstitution | 6.41% | 38.05M | as of Jun 30, 2026 |
Insider tradesForm 4
No open-market trades in the last 12 months.
- American Homes 4 Rent
Direct public single-family rental peer.
- Mid-America Apartment Communities
Sun Belt apartment alternative to single-family rental homes.
- Camden Property Trust
Sun Belt apartment alternative to single-family rental homes.
- Equity Residential
Apartment REIT alternative in overlapping U.S. rental markets.
- UDR
Apartment REIT alternative in professional rental housing.
Compare
| Company | Price | Change | |||||
|---|---|---|---|---|---|---|---|
| Invitation Homes | $27.09 | +0.04% | $16.09B | 24.8 | 36.3 | 5.6 | +9.7% |
| American Homes 4 Rent | $31.35 | +0.34% | $11.22B | 24.8 | 40.9 | 6.0 | +2.8% |
| Mid-America Apartment Communities | $118.86 | 0.00% | $13.83B | 34.8 | 37.9 | 6.2 | +1.0% |
| Camden Property Trust | $99.01 | +0.19% | $9.93B | 32.8 | 104.5 | 6.3 | −0.9% |
| Equity Residential | $61.50 | +0.23% | $23.01B | 26.9 | 39.7 | 7.3 | +2.1% |
| UDR | $34.05 | +0.46% | $10.89B | 21.6 | 57.9 | 6.3 | −0.0% |
| Median | 26.9 | 40.9 | 6.3 | +1.0% |