Evercore ISI Group Maintains Invitation Homes at Outperform, Lowers Price Target
Evercore ISI Group has maintained its 'Outperform' rating on Invitation Homes while adjusting its price target from $33 to $31.
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BofA Securities has updated its price target for Invitation Homes Inc., raising it from $35 to $36 while maintaining a Neutral rating.
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Evercore ISI Group has maintained its 'Outperform' rating on Invitation Homes while adjusting its price target from $33 to $31.
Invitation Homes reported Q3 2026 core funds from operations growth of 2.4% to $0.48 per share. The company is executing a capital recycling strategy by selling individual homes at retail prices (~$460,000) and repurchasing shares at a discount to net asset value (~$280,000 per home). Strong single-family rental demand is driven by elevated mortgage rates making rentals significantly cheaper than home ownership in Sun Belt markets. Moderating build-to-rent supply growth supports long-term market fundamentals and pricing discipline.
Invitation Homes Inc. announced its financial and operating results for the third quarter of 2026, reporting a 6.3% year-over-year increase in total revenues to $731 million.
Filed: 2026-10-28 AccNo: 0001687229-26-000053 Size: 3 MB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
Wells Fargo analyst James Feldman maintains Invitation Homes (NYSE:INVH) with a Overweight and lowers the price target from $33 to $30.