Invitation Homes stock rallies and outperforms broader market
Updated
Updated · MarketWatch · Apr 30
Invitation Homes stock rallies and outperforms broader market
6 articles · Updated · MarketWatch · Apr 30
The shares rose 2.49% to $28.77 on Thursday, while the S&P 500 gained 1.02% to 7,209.01 and the Dow climbed 1.62% to 49,652.14.
Invitation Homes closed 19.63% below its 52-week high of $35.80, reached on 2 May, but beat some peers, with Reading International Class B falling 2.63% to $9.25.
Trading volume reached 9.7 million shares, above the stock's 50-day average of 6.5 million, indicating heavier investor activity during the broader market's strong session.
With its stock rising despite looming government restrictions, what is the ultimate fate of America's largest corporate landlord?
Will a government ban on institutional homebuyers actually make housing more affordable for average Americans?