Invitation Homes Inc. (NYSE:INVH) traded today at a new 52-week high of $40.23. This new high was reached on below average trading volume as 564,000 shares traded hands, while the average 30-day volume is approximately 4 million shares.
In the past 52 weeks, Invitation Homes Inc. share prices are bracketed by a low of $26.35 and a high of $40.23 and is now at $40.14, 52% above that low price.
Invitation Homes owns a portfolio of over 80,000 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 below $300,000 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 nearly 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 Inc. (NYSE:INVH) is currently priced 9.1% above its average consensus analyst price target of $36.47.
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