INVH Stock Summary and Trading Ideas (Invitation Homes | NYSE:INVH)

Invitation Homes owns a portfolio of over 84,000 single-family rental homes. The company focuses on owning homes in the starter and move-up segments of the housing market with an average sale price around $350,000 and generally less than 1,800 square feet. The portfolio is spread across 16 target markets that feature high employment and household formation growth with almost 70% of the portfolio in the Western U.S. and Florida; 15 of the 16 markets featuring average rents lower than homeownership costs.

Invitation Homes trades on the NYSE stock market under the symbol INVH.

As of April 18, 2024, INVH stock price climbed to $33.26 with 495,822 million shares trading.

INVH has a beta of 1.38, meaning it tends to be more sensitive to market movements. INVH has a correlation of 0.50 to the broad based SPY ETF.

INVH has a market cap of $20.34 billion. This is considered a Large Cap stock.

In the last 3 years, INVH stock traded as high as $45.80 and as low as $28.49.

The top ETF exchange traded funds that INVH belongs to (by Net Assets): VNQ, VTI, VOO, VO, SPY.

INVH has underperformed the market in the last year with a price return of +4.8% while the SPY ETF gained +23.0%. INVH has also underperformed the stock market ETF in the last 3 month and 2 week periods returning +1.3% and -4.3%, respectively, while the SPY returned +6.7% and -3.3%, respectively.

INVH support price is $32.61 and resistance is $33.53 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that INVH stock will trade within this expected range on the day.