2 models fit Invitation Homes Inc. Common Stock and they disagree: 0 of 2 land within 15% of the average. The price is above every model.
Two or more of our models back this value.
Large premium(i)Silver65
Valued as a REIT (property company): Price to FFO, Dividend discount, and EV/EBITDA comparison.
ACCE opinionInvitation Homes Inc. Common Stock (INVH)
Fair value (2 models)
$17.82
ACCE price target
$29.00
Rating
Overvalued
Horizon
12 months
Fair value published on 19 Oct 2026, 19:04 CEST; previously $17.59 since 15 Oct 2026, 00:00 CEST.
ACCE price target published on 26 Sept 2026, 00:00 CEST.
Rating published on 19 Oct 2026, 19:04 CEST.
Price used: $27.54 at the close on 23 Oct 2026, 22:00 CEST.
Models: Dividend discount and Price to FFO.
Fair value: the average of the applicable valuation models (discounted cash flow, multiples, residual income, dividend discount, shareholder yield), each run on the latest financial statements and the market price shown. Opinion columns (fair value, target, rating) are shown apart from the data. Full methodology: acceinvestments.com/data/how-we-value-stocks
Conflicts of interest: The author holds no personal position in this security. General statement
Produced by ACCE Investments (acceinvestments.com)
Data
Price vs fair value
54.5% above
-35.3% to fair value
ACCE score
63
out of 100
Analysts
56% buy
25 covering
P/E
24.6x
forward 30.4x
1-year return
-4.7%
Dividend yield
4.44%
Invitation Homes Inc. Common Stock in four questions
Plain answers, details below
Free accounts get 5 full stock pages a month, including the four answers.
Overview
ACCE thesis
Invitation Homes owns and operates single-family rental homes, leasing detached houses in high-growth Sunbelt and coastal metros to renters who want a yard and more space without buying. Its scale across a fragmented rental market is the core advantage, giving it pricing data, centralized maintenance, and leasing efficiencies that smaller landlords cannot match. Revenue growth of 10.1% is running well ahead of what most residential REITs are delivering, and with a 25.1% operating margin the business is converting that top-line growth into profit. The stock trades at 24.4x trailing earnings but 37.4x forward, a gap that signals the market is either doubting near-term earnings or pricing in a sharp decline in expected profit, and that disconnect is the first thing to resolve. With a 7.0% return on equity and a 63/100 score, the case is not yet clean enough for a position, but at a $15.7B market cap it is worth a deeper look into why forward earnings compress so sharply.