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INVH - Front Yard Residential: Steps In The Right Direction But Still Overvalued And Overleveraged
Invitation Homes Inc.
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In February I covered the single-family-residential REIT Front Yard Residential (RESI) in "Front Yard Residential Must Cut Dividends To Remain Stable". I had a bearish outlook due to RESI's poor margins and financial instability as well as my view that the SFR REIT concept is fundamentally flawed. The stock subsequently lost about half of its value during the March COVID-crash but