Given the easing supply pressures and strong demand forecasted for multifamily REITs, I believe that investing in Invitation Homes (INVH) is a strategic move that positions me for potential revenue growth in a recovering market. This aligns with the bullish sentiment presented by analysts on the stock's outlook.

Given the mixed analyst ratings but a generally positive outlook with upward revisions and solid Q1 FFO and revenue performance, I believe Invitation Homes (INVH) is currently overvalued and poised for a pullback, making it an ideal candidate for a short position.