Should you buy Invitation Homes (INVH) stock?

It is hard to get excited after looking at Invitation Homes' (NYSE:INVH) recent performance, when its stock has declined 18% over the past three months. However, stock prices are usually driven by a company’s financials over the long term, which in this case look pretty respectable.

What does Invitation Homes Inc (INVH) do?

DALLAS, February 15, 2022 -- (BUSINESS WIRE)-- Invitation Homes Inc. (NYSE: INVH) ("Invitation Homes" or the "Company"), the nation's premier single-family home leasing company, today announced its Q4 2021 and FY 2021 financial and operating results.

What is Invitation Homes' quarterly dividend?

DALLAS, February 04, 2022 -- (BUSINESS WIRE)--Invitation Homes Inc. (NYSE: INVH) ("Invitation Homes" or the "Company") announced today that it has declared a quarterly cash dividend of $0. 22 per share payable on shares of its common stock, representing a 29. 4% increase over the prior quarterly dividend of $0. 17 per share.

How did Invitation Homes perform in the second quarter?

Invitation Homes reported core funds from operations of $0.44 per share in the second quarter, which matched our estimate and is 2 cents better than the $0.42 figure the company reported in the second quarter of 2022. Invitation Homes owns a portfolio of over 83,000 single-family rental homes.