Dallas, Texas-based Invitation Homes Inc. (INVH) owns and operates single-family rental homes. Valued at a market cap of $16.8 billion, the company maintains a portfolio of over 80,000 homes designed to meet the needs of residents seeking high-quality housing in desirable neighborhoods near major employment hubs and good schools.
This residential REIT has considerably lagged the broader market over the past 52 weeks. Shares of INVH have declined 18.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 28.3%. Moreover, on a YTD basis, the stock is up marginally, compared to SPX’s 4.2% rise.
