Mackenzie Financial Corp Has $3.13 Million Stock Position in Invitation Homes Inc. (NYSE:INVH)

Mackenzie Financial Corp decreased its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 85.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 97,994 shares of the company's stock after selling 556,630 shares during the period. Mackenzie Financial Corp's holdings in Invitation Homes were worth $3,133,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in the business. Assetmark Inc. raised its stake in shares of Invitation Homes by 179.5% in the 4th quarter. Assetmark Inc. now owns 3,650 shares of the company's stock valued at $117,000 after acquiring an additional 2,344 shares in the last quarter. Capital World Investors acquired a new stake in Invitation Homes during the fourth quarter worth about $4,891,000. Toronto Dominion Bank grew its holdings in shares of Invitation Homes by 6.6% during the 4th quarter. Toronto Dominion Bank now owns 306,352 shares of the company's stock worth $9,794,000 after purchasing an additional 19,084 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Invitation Homes by 0.5% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 6,598,451 shares of the company's stock worth $210,952,000 after acquiring an additional 31,184 shares during the period. Finally, OFI Invest Asset Management bought a new stake in Invitation Homes in the fourth quarter valued at about $595,000. Institutional investors own 96.79% of the company's stock.

Invitation Homes Trading Down 0.5%

Shares of INVH stock traded down $0.18 during trading hours on Tuesday, reaching $33.49. The company had a trading volume of 3,892,671 shares, compared to its average volume of 3,392,403. Invitation Homes Inc. has a 1-year low of $29.37 and a 1-year high of $37.80. The company has a debt-to-equity ratio of 0.54, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a market cap of $20.53 billion, a price-to-earnings ratio of 47.17, a P/E/G ratio of 4.70 and a beta of 0.87. The company has a 50 day moving average of $33.60 and a 200 day moving average of $32.90.

Invitation Homes (NYSE:INVH - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The company reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. Invitation Homes had a net margin of 17.02% and a return on equity of 4.36%. The business had revenue of $674.48 million for the quarter, compared to analyst estimates of $663.77 million. During the same quarter last year, the firm earned $0.47 EPS. Invitation Homes's quarterly revenue was up 4.4% compared to the same quarter last year. On average, equities research analysts anticipate that Invitation Homes Inc. will post 1.83 EPS for the current year.

Invitation Homes Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, April 17th. Shareholders of record on Monday, March 17th were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 3.46%. The ex-dividend date was Thursday, March 27th. Invitation Homes's dividend payout ratio (DPR) is 150.65%.

Wall Street Analyst Weigh In

INVH has been the topic of a number of analyst reports. Scotiabank upped their price target on Invitation Homes from $36.00 to $38.00 and gave the company a "sector perform" rating in a research report on Monday, May 12th. Keefe, Bruyette & Woods lifted their price target on shares of Invitation Homes from $36.00 to $37.00 and gave the company a "market perform" rating in a report on Monday, May 5th. Oppenheimer boosted their target price on Invitation Homes from $39.00 to $41.00 and gave the stock an "outperform" rating in a report on Tuesday, May 6th. Mizuho upgraded Invitation Homes from a "neutral" rating to an "outperform" rating and increased their price target for the stock from $33.00 to $36.00 in a research report on Thursday, March 13th. Finally, Raymond James boosted their price objective on Invitation Homes from $36.00 to $39.00 and gave the stock an "outperform" rating in a research note on Friday, May 9th. Nine investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $37.94.

Invitation Homes Company Profile

Invitation Homes, an S&P 500 company, is the nation's premier single-family home leasing and management company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as close proximity to jobs and access to good schools. The company's mission, Together with you, we make a house a home, reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents' living experiences.