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Invitation Homes (NYSE:INVH) is trading very near its 52-week low. In fact, you have to go back to March of 2021 to find the shares even 5% below the current valuation.
Furthermore, with the
Double-Digit Dividend Growth And Strong Secular Tailwinds Make Invitation Homes A Buy
Summary
- Invitation Homes trades near a 52-week low.
- This means the dividend, which has a double-digit 5-year growth rate, provides a yield well above historical levels.
- I enumerate a number of secular trends that should bode well for prospective investors.
- However, I note one concern that may convince investors to forgo an investment in this REIT.
Chuck Walston is a U.S. Army veteran and a retired law enforcement officer with approximately 20 years of experience as a retail investor. He focuses on dividend stocks and concentrates on companies with competitive advantages and strong balance sheets. Chuck is a contributing author for the investing group The Dividend Kings which focuses on helping investors safeguard and grow their money in all market conditions through the highest-quality dividend investments. Features include: 13 model portfolios, buy ideas, company research reports, and a thriving chat community for readers looking to learn how to invest more intelligently in dividend stocks. Learn More.
Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, but may initiate a beneficial Long position through a purchase of the stock, or the purchase of call options or similar derivatives in INVH over the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
I have no formal training in investing. All articles are my personal perspective on a given prospective investment and should not be considered as investment advice. Due diligence should be exercised and readers should engage in additional research and analysis before making their own investment decision. All relevant risks are not covered in this article. Although I endeavor to provide accurate data, there is a possibility that I inadvertently relay inaccurate or outdated information. Readers should consider their own unique investment profile and consider seeking advice from an investment professional before making an investment decision.
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