With a market cap of $19.2 billion, Invitation Homes Inc. (INVH) is a top real estate investment trust (REIT) that engages in owning, renovating, leasing, and operating single-family residential properties. Based in Dallas, Texas, the company has approximately 85,138 homes for lease, and also manages properties on behalf of others.
Shares of the REIT have lagged behind the broader market over the past 52 weeks. INVH has declined 12.4% over this time frame, while the broader S&P 500 Index ($SPX) has gained 16.6%. Moreover, shares of INVH are down 4.1% on a YTD basis, compared to SPX’s 7.8% rise.
