06:45 PM EDT, 11/01/2025 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:
We leave our $31 target unchanged using a narrower equity risk premium than the consensus at $36 target and a forward P/FFO of 15.5x our 2026 FFO estimate, compared to the 16.1x peer average. We keep our FFO estimates at $1.91 in 2025 and $2.00 in 2026 on projected revenue of $2.74B and $2.83B, respectively. INVH reported FFO of $0.47 (+0.4% Y/Y), driven by cash NOI growth of +1.1% and underpinned by +2.3% in rental revenue but +4.9% expense growth in Q3 2025. We think the shares have underperformed the broader REIT average given a slower growth outlook for the single family homes for rent (SFHR) market. We have seen recent quarters deliver low-single-digit rental revenue and cash NOI growth. However, SFHR have much lower tenant turnover than multi-family rentals. We like that the shares offer a 4.2% dividend yield and a stock beta below the broader equity market at 0.81. We think INVH has ample liquidity to meet its debt obligations, working capital, construction expenditures, and development pipeline.