With a market capitalization of $19.9 billion,  Invitation Homes Inc. (INVH) is a leading provider of single-family home leasing and management services in the U.S. The Texas-based company owns and operates a vast portfolio of single-family rental homes and also offers a full suite of services, including acquisition underwriting, capital investment and renovation, leasing and maintenance, and property dispositions. The company is scheduled to release its fiscal second-quarter earnings on Wednesday, July 23.

Ahead of the event, analysts expect INVH to report an FFO of $0.47 per share on a diluted basis, flat from the year-ago quarter. The company has consistently surpassed Wall Street’s FFO estimates in each of its last four quarterly reports. 

For the current year, analysts expect INVH to report an FFO of $1.88, again, unchanged from fiscal 2024. Its FFO is expected to grow 4.3% year over year to $1.96.

INVH stock has declined 9.4% over the past year, trailing the S&P 500 Index’s ($SPX) 13.4% gains and the Real Estate Select Sector SPDR Fund (XLRE), which saw a 9.5% increase during the same period.

On Apr. 30, Invitation Homes’ stock rose 2.7% following the release of its Q1 2025 results. It delivered strong performance with total revenues rising 4.4% year-over-year to $674.5 million and net income climbing 16.4% to $166 million, or $0.27 per share. AFFO rose 4% to $0.42, and same-store NOI increased 3.7%, supported by 3.6% blended rent growth and stable operating costs.

Analysts’ consensus opinion on INVH stock is reasonably bullish, with a “Moderate Buy” rating overall. Among the 23 analysts covering the stock, ten advise a “Strong Buy” rating, one suggests a “Moderate Buy,” and 12 give a “Hold.” INVH’s average analyst price target is $37.74, indicating a potential upside of 15.7% from the current levels.