2024-07-17 14:00:00 ET
Summary
- The REIT sector is likely to see strong upside once interest rates begin to decline in the coming months.
- Invitation Homes stock appears undervalued and offers strong growth potential through their recent partnerships and solid financials.
- The REIT's strong dividend coverage, favorable valuation, and potential for share price appreciation make INVH a buy for long-term investors.
- Invitation Homes' average growth rate of 6.36% is higher than peers Sun Communities' 4.99% and Essex Property Trust's 2.98% respectively.
- The REIT offers 13% upside to their end-of-year price target of $40 a share.
Introduction
With interest rates likely falling sometime this year, the REIT sector ( XLRE ) will likely see some strong upside in the coming months. But as a long-term investor, my goal is to continue to hold my investments unless their fundamentals change, or I see a better investment opportunity....
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Invitation Homes: A Growing REIT That's Likely To Reward Long-Term Investors