Valued at a market cap of $16.1 billion, Invitation Homes Inc. (INVH) is a residential real estate investment trust (REIT) that owns, renovates, leases, and manages single-family rental homes across major metropolitan areas. The Dallas, Texas-based company focuses on high-growth Sun Belt and Western U.S. markets, where housing demand is supported by population growth, job creation, and limited housing supply.
This residential REIT has underperformed the broader market over the past 52 weeks. Shares of INVH have declined 14.1% over this time frame, while the broader S&P 500 Index ($SPX) has surged 15%. Moreover, on a YTD basis, the stock is down 5.2%, compared to SPX’s 1.9% return.
