5 Best Housing Stocks To Buy In 2022

4. Invitation Homes Inc. (NYSE:INVH)

Number of Hedge Fund Holders: 36

Invitation Homes Inc. (NYSE:INVH) is a Texas-based company owning single-family rental properties in the United States. In Q3 2021, Jeffrey Furber’s AEW Capital Management held a significant stake in Invitation Homes Inc. (NYSE:INVH), with 3.6 million shares worth $140.6 million. Overall, 36 hedge funds were bullish on the stock in the third quarter of 2021. 

Invitation Homes (NYSE:INVH) on February 4 declared a $0.22 per share quarterly dividend, which is a 29.4% increase from its prior dividend of $0.17. The dividend is payable on February 28, to shareholders of record on February 18. 

On February 1, KeyBanc analyst Austin Wurschmidt initiated coverage of Invitation Homes (NYSE:INVH) with an Overweight rating and a $46 price target. With a loss-to-lease in the high teens and 97.5%-98% target occupancy, the analyst expects the company to continue delivering above-average internal growth. External growth remains a strategic priority and an attractive source of growth for Invitation Homes (NYSE:INVH).

Here is what Baron Real Estate Fund has to say about Invitation Homes Inc. (NYSE:INVH) in its Q1 2021 investor letter:

“The Fund also has investments in REITs that would benefit from this movement out of urban areas into suburban areas. We expect single-family rental REIT Invitation Homes, Inc. to benefit as more people opt for single-family home rentals rather than apartment rentals.”