This High-Quality Dividend Stock Looks Cheap (Even if There's a Recession)
Like many real estate stocks, Invitation Homes (NYSE: INVH) has been under pressure this year. Shares of the real estate investment trust (REIT) currently sit more than 13% below their 52-week high.
The main factor weighing on its shares is the significant surge in interest rates. That's increasing borrowing costs and could slow down the economy and demand for rental housing.
However, the decline in Invitation Homes' share price has the residential REIT trading at a discount to the value of its real estate portfolio. It has also driven its dividend yield up to 3.3%, more than double the S&P 500's current yield of 1.6%. These factors make it look like an attractive investment opportunity right now.
Source Fool.com
