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Invitation Homes (INVH) shares have traded in a relatively narrow range over the past month, with a slight upward move today. The stock has seen a 10.3% year-to-date decline and a one-year total shareholder return of -13.7%. Analysts believe the company is undervalued, with a fair value of $34.84, but rising supply in key regions and persistent expense growth could challenge bullish long-term expectations.

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