Sohini Mondal
2 min read
In This Article:
With a market cap of $20.6 billion, Invitation Homes Inc. (INVH) is a real estate investment trust (REIT) that engages in owning, renovating, leasing, and operating single-family residential properties. Based in Dallas, Texas, the company has approximately 85,138 homes for lease, and also manages properties on behalf of others.
Companies worth $10 billion or more are generally labeled as “large-cap” stocks, and Invitation Homes fits this criterion perfectly. The company focuses on providing long-term housing solutions, emphasizing resident satisfaction, operational efficiency, and sustainable community growth.
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Invitation Homes stock has dropped 11.3% from its 52-week high of $37.80. Shares of INVH have decreased marginally over the past three months, underperforming the S&P 500 Index’s ($SPX) 5.4% increase.
Longer term, shares of Invitation Homes have dipped 5.6% over the past 52 weeks, notably lagging behind the SPX's 9.3% return over the same time frame. However, INVH stock has returned 4.9% on a YTD basis, outpacing the SPX, which has risen 1.7%.
Despite recent fluctuations, the stock has been trading above its 50-day moving average since late February.
Invitation Homes’ stock rose 2.7% following the release of its strong Q1 2025 results on Apr. 30. The company reported revenues of $674 million, up 4.4% year-over-year, exceeding the consensus estimate of $669.4 million. Its core FFO came in at $0.48 per share, marking a 2.1% increase year-over-year and beating analysts’ expectations. Adjusted FFO stood at $0.42 per share, up 2.4% from the prior-year quarter.
Looking ahead to fiscal 2025, Invitation Homes expects core FFO to range between $1.88 per share and $1.94 per share, in line with Wall Street forecasts. It also anticipates joint venture acquisitions between $100 million and $200 million, with AFFO projected in the range of $1.58 to $1.64 per share.
In contrast, rival Essex Property Trust (ESS) has lagged behind INVH stock on a YTD basis, declining marginally. Although shares of ESS have increased marginally over the past 52 weeks, outperforming INVH stock.