Invitation Homes Inc. (NYSE:INVH) traded at a new 52-week high today of $40.81. This new high was reached on below average trading volume as 1.3 million shares traded hands, while the average 30-day volume is approximately 3.9 million shares.
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.
In the past 52 weeks, Invitation Homes Inc. share prices are bracketed by a low of $26.35 and a high of $40.81 and is now at $40.55, 54% above that low price.
Invitation Homes Inc. (NYSE:INVH) defies analysts with a current price ($40.55) 3.5% above its average consensus price target of $39.13.
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