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Invitation Homes (INVH) is a leading owner and operator of single-family rental homes, offering residents high-quality homes across America.
With over 80,000 homes for lease in 17 markets across the country, Invitation Homes is meeting changing lifestyle demands by providing residents access to updated homes with features they value, such as close proximity to jobs and access to good schools.
The Company's mission statement, "Together with you, we make a house a home," reflects its commitment to high-touch service that continuously enhances residents' living experiences and provides homes where individuals and families can thrive.
Shares have formed a bullish "cup and handle" following the company's latest quarterly report. Invitation Homes (INVH) reported 4th Quarter December 2018 earnings of $0.30 per share on revenue of $432.6 million. The consensus earnings estimate was $0.30 per share on revenue of $437.7 million. Revenue grew 31.1% on a year-over-year basis.
The company said it expects 2019 funds from operations of $1.20 to $1.28 per share. The current consensus FFO estimate is $1.24 per share for the year ending December 31, 2019. Higher share prices are expected for this stock.
Entry Point: $23.50
Stop Loss: $22.30
Trading Range: $19.21 - $23.97
Target Price: $25.85
INVH closed at $25.90
