---
title: Invitation Homes (INVH) — intrinsic value and fair price
canonical: https://sweetvaluelab.com/stocks/invh
ticker: INVH
as_of: 2026-10-17
sector: Real Estate
industry: REIT - Residential
---
# Invitation Homes (INVH)

Invitation Homes (INVH) closed at $27.07 on Oct 16, 2026, undervalued by 32% vs its model value of $39.82 (from its own five-year median price to Cash FFO).

## Key figures

| Figure | Value |
| --- | ---: |
| Last close | $27.07 (Oct 16, 2026) |
| Model value (from its own five-year median price to Cash FFO) | $39.82 |
| Price vs model | undervalued by 32% vs model |
| Range of that model | $36.15 – $42.34 |
| Market value | $16.0B |
| P/E (fiscal 2025) | 28.2 |
| Net margin (fiscal 2025) | 21.5% |
| Free cash flow (fiscal 2025) | $935.1M |
| Dividend yield (trailing twelve months) | 4.43% |
| Beta | 0.83 |
| Cost of capital (WACC) | 7.13% |
| Business classification | Dividend Payer (Low/slowing growth (~6% recent), High profitability (22% net margin), Strong dividend yield, Highly cyclical earnings, Strong FCF yield (5.8%)) |

## On the stock lists

| List | Place | Figure | Page |
| --- | ---: | ---: | --- |
| Highest dividend yield | #42 | 4.43% | https://sweetvaluelab.com/lists/highest-dividend-yield |

## Dividends

| Figure | Value |
| --- | ---: |
| Trailing dividend yield | 4.43% |
| Dividends per share, last 12 months | $1.20 |
| Dividends / FFO (fiscal 2025) | 53.4% |
| Raised | 8+ years in a row |
| Growth over 5 years | 12.0% a year |
| Latest payment | $0.30, ex-date Sep 24, 2026, paid Oct 16, 2026 |

| Year of payments | Dividends per share |
| --- | ---: |
| To Nov 8, 2021 | $0.68 |
| To Nov 7, 2022 | $0.88 |
| To Nov 6, 2023 | $1.04 |
| To Sep 26, 2024 | $1.12 |
| To Sep 25, 2025 | $1.16 |
| Trailing twelve months (to Sep 24, 2026) | $1.20 |

## Valuation models

Each model's value per share and the role the engine gave it for this business. The headline above is one model's value; every other model is listed with its own, and each has a page of its own under the valuation. Computed Oct 17, 2026.

| Model | Role | Value per share | Low | High |
| --- | --- | ---: | ---: | ---: |
| P/Cash FFO · own history | primary | $39.82 | $36.15 | $42.34 |
| P/E · peers | cross check | $26.08 | $26.08 | $26.08 |
| P/E · own history | cross check | $43.77 | $38.54 | $55.30 |
| PEG | sanity check | $8.05 | $8.05 | $8.05 |
| EV/EBITDA · peers | cross check | $28.84 | $28.84 | $28.84 |
| EV/Revenue · peers | cross check | $14.92 | $14.92 | $14.92 |
| Dividend discount | cross check | $17.89 | $13.05 | $28.69 |

## Insider activity (SEC Form 4)

No open-market insider buys or sales filed in the past 90 days.

| Date | Insider | Relationship | Transaction | Shares | Value |
| --- | --- | --- | --- | ---: | ---: |
| Jul 31, 2026 | Eisen Scott G. | EVP, Chief Investment Officer | Tax withholding | 7,420 | $220,522.4 |
| May 7, 2026 | Howard Hugh Wyman III | Director | Grant / award | 6,559 | $0 |
| May 7, 2026 | Sevilla-Sacasa Frances Aldrich | Director | Grant / award | 6,559 | $0 |
| May 7, 2026 | KELTER JEFFREY E | Director | Grant / award | 6,559 | $0 |
| May 7, 2026 | Margolis Joseph D | Director | Grant / award | 6,559 | $0 |

## Recent SEC filings

| Filed | Form | What | Filing |
| --- | --- | --- | --- |
| Sep 9, 2026 | 8-K | 7.01 Regulation FD Disclosure; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1687229/000168722926000048/invh-20260909.htm |
| Jul 30, 2026 | 10-Q | Quarterly report | https://www.sec.gov/Archives/edgar/data/1687229/000168722926000045/invh-20260630.htm |
| Jul 29, 2026 | 8-K | 2.02 Results of Operations (Earnings); 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1687229/000168722926000041/invh-20260729.htm |
| Jul 8, 2026 | 8-K | 1.01 Entry into a Material Agreement; 2.03 Creation of a Direct Financial Obligation; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1687229/000119312526298582/d116394d8k.htm |
| Jul 6, 2026 | 8-K | 8.01 Other Events; 9.01 Financial Statements and Exhibits | https://www.sec.gov/Archives/edgar/data/1687229/000119312526296211/d117428d8k.htm |

## Superinvestors holding it (latest 13F)

| Manager | Quarter | Shares | Value |
| --- | --- | ---: | ---: |
| Bridgewater | 2026-06-30 | 95,727 | $2.9M |

1 tracked managers in all.

## About

Invitation Homes Inc., 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. Their purpose, Unlock the Power of Home, reflects their 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. Invitation Homes Inc. was incorporated in 6th June 2012 and is based in Dallas, United States.

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Source: https://sweetvaluelab.com/stocks/invh (SweetValueLab, free, no account). Prices and statements from Financial Modeling Prep; filings from SEC EDGAR. Research and educational data, not investment advice; nothing here is a recommendation to buy, sell or hold any security.