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Invitation Homes Inc (Symbol: INVH) has entered oversold territory, trading as low as $31.96 per share on Thursday. The company’s Relative Strength Index (RSI) reading is 29.1, below the threshold of 30 that indicates an oversold condition, compared to an average RSI of 47.1 among dividend stocks.
Invitation Homes offers an annualized dividend of $1.12 per share, which results in an annual yield of 3.37% based on the recent share price of $33.23.
The decline in share price may present a buying opportunity for investors, as a low RSI often indicates that selling pressure is diminishing.
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