Invitation Homes Inc. (INVH) fair value: what the stock is really worth
As of Nov 6, 2026: fair value (intrinsic value) of Invitation Homes Inc. stock $23.71, price $27.10, that is 12.5% below the price, quality 64 out of 100. Rating: overvalued. Calculated from audited financials with 16 of our 26 valuation models and 37 quality factors, updated daily.
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Invitation Homes Inc.
INVH · USOur calculation puts a fair price 13% below what the stock costs today.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year. As of Nov 6, 2026.
How to read this chart
60‑month range $24.10 – $39.14 · fair‑value band $12.98 – $38.25 · the $27.10 price screens above the $23.71 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). As of Nov 6, 2026.
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Company profile
Invitation Homes is a leading owner and operator of single-family homes for lease, offering residents high quality homes in sought after neighborhoods across the United States.
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As of December 31, 2025, we wholly own 86,192 homes for lease, jointly own 8,006 homes for lease, and provide professional third-party property and asset management services for an additional 15,866 homes, all of which are primarily located in 16 core markets across the country.
These homes help meet the needs of a growing share of Americans who count on the ease, flexibility, and savings of leasing. We provide our residents access to updated homes with features they value, as well as close proximity to jobs and good schools.
The continued demand for our product proves that the choice and flexibility we offer are attractive to many people.
We operate in markets with strong demand drivers, high barriers to entry, and high rent growth potential, primarily in the Western United States, Florida, and the Southeast United States.
Through disciplined market and asset selection, as well as through strategic mergers and acquisitions, we designed our wholly and jointly owned portfolios to capture the operating benefits of local density as well as economies of scale that we believe cannot be readily replicated.
Since our founding in 2012, we have built a proven, vertically integrated operating platform that enables us to effectively and efficiently acquire, renovate, lease, maintain, and manage both the homes we own and those we manage on behalf of others.
The portfolio of homes we own average approximately 1,880 square feet with three to four bedrooms and two bathrooms, appealing to a resident base that we believe is less transitory than a typical multifamily resident.
We invest in the upfront renovation of homes in our portfolio in order to address capital needs, reduce ongoing maintenance costs, and drive resident demand Invitation Homes Inc. was incorporated in 6th June 2012 and is based in Dallas, United States.
Stock analysis
Invitation Homes Inc. (INVH) currently trades at $27.10, while our model-based Fair Value estimate is $23.71, 13% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of $33.09 per share, and 6 of the 16 models we run sit above the $27.10 price.
Bear case: the Asset-Based group reads lowest at $10.23, and 10 of the 16 models stay below the price. Data coverage for this calculation is high.
Scenario range: $12.98 (bear) to $38.25 (bull), the price of $27.10 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 64/100 (solid quality), in the Real Estate sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Invitation Homes Inc. reported revenue of $2.7B in FY2025 versus $2.0B in FY2021, a compound +8.1%/yr. Reported net income was $588M in FY2025, compounding +22.5%/yr from FY2021.
Key figures
Market cap $16.1B Large · P/E ratio 23.8 · P/S ratio 5.56 · EPS (TTM) $1.14 · Dividend yield 4.4% · Net margin 23.6% · Return on equity 7.4% · Return on assets (EBIT) 3.6% (5-year average).
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 61 out of 100 (medium confidence).
What moves the price
The share trades about 11% below its 52-week high and 12% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Real Estate peers we cover trades at −14% fair-value upside, at −13%, INVH screens cheaper than that median.
Fair Value models
All 16 models by family
Quality Score breakdown
It rates the business: profits, how they develop, real cash, balance sheet, investing and share count.
Insider trades
In the last 6 months, no officer or director bought or sold shares on the open market.
Plus one other filing such as a grant, option exercise or tax withholding. It is not a market purchase or sale.
Sales are often planned (taxes, diversification, 10b5-1 plans). Purchases with their own money are seen as the stronger sign. For information only: not part of the quality score or Fair Value.
Source: SEC Form 4, as of Nov 6, 2026. All filings at the SEC ↗
Revenue & earnings trend
Growth Forecast
INVH screens overvalued: fair value 13% below the price. Compare with Essex Property Trust, Inc →
Recent news
- Invitation Homes (INVH) Stock Looks Undervalued As Shares Drifted 23% Lower
- Invitation Homes (INVH) Expands Buyback Plan, Is It Still 19% Below Fair Value?
- INVH Q3 FFO Meets Estimates, Revenues Miss, '26 Views Raised
- Compared to Estimates, Invitation Home (INVH) Q3 Earnings: A Look at Key Metrics
Compare Invitation Homes Inc. with another stock
Price, fair value, quality and upside side by side.
Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.REIT - Residential · 41 stocks
Valuation Multiplesvs REIT - Residential median · lower = cheaper
Strength profile in five axes (Snowflake)
Context: sector, industry, market
- Is the Real Estate sector expensive or cheap?
- P/E, EV/EBITDA and margins by industry (reference tables)
- Debt-to-equity by industry
- Price/FCF by industry
- PEG screener for stocks with fair value
- Undervalued stocks: Real Estate
- Undervalued stocks: US Stocks
- Valuation of the USA market
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
Similar stocks
10 more REIT - Residential stocks, each showing price versus our Fair Value estimate.
| Stock | Price | Fair Value | vs Fair Value | Compare |
|---|---|---|---|---|
| Millrose Properties, Inc MRP | $25.92 | $42.34 | +63% | vs INVH |
| Sun Communities, Inc SUI | $120.30 | $167.32 | +39% | vs INVH |
| Mid-America Apartment Communities, Inc MAA | $118.93 | $121.62 | +2% | vs INVH |
| UDR, Inc UDR | $36.58 | $36.91 | +1% | vs INVH |
| Independence Realty Trust, Inc IRT | $15.00 | $12.95 | −14% | vs INVH |
| American Homes 4 Rent (AMH or the General Partner) AMH | $32.82 | $25.88 | −21% | vs INVH |
| Essex Property Trust, Inc ESS | $272.18 | $210.67 | −23% | vs INVH |
| Camden Property Trust CPT | $99.44 | $53.17 | −47% | vs INVH |
| Equity LifeStyle Properties, Inc ELS | $62.95 | $31.29 | −50% | vs INVH |
| Altarea SCA ALTA | €74.10 | €14.19 | −81% | vs INVH |
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Frequently asked questions
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Key figures of Invitation Homes Inc.
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