Invitation Homes Inc. (NYSE:INVH) Shares Sold by Mackenzie Financial Corp

Mackenzie Financial Corp decreased its position in shares of Invitation Homes Inc. (NYSE:INVH - Free Report) by 70.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 144,910 shares of the company's stock after selling 341,299 shares during the quarter. Mackenzie Financial Corp's holdings in Invitation Homes were worth $4,943,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. boosted its stake in shares of Invitation Homes by 0.7% during the 3rd quarter. Principal Financial Group Inc. now owns 20,776,434 shares of the company's stock worth $658,403,000 after purchasing an additional 138,213 shares during the period. Canada Pension Plan Investment Board raised its stake in shares of Invitation Homes by 9.6% during the 3rd quarter. Canada Pension Plan Investment Board now owns 12,335,488 shares of the company's stock worth $390,912,000 after acquiring an additional 1,080,000 shares in the last quarter. Morgan Stanley raised its stake in shares of Invitation Homes by 19.5% during the 3rd quarter. Morgan Stanley now owns 8,993,919 shares of the company's stock worth $285,017,000 after acquiring an additional 1,466,330 shares in the last quarter. Northern Trust Corp raised its stake in shares of Invitation Homes by 2.2% during the 3rd quarter. Northern Trust Corp now owns 7,066,681 shares of the company's stock worth $223,943,000 after acquiring an additional 151,903 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in Invitation Homes by 0.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 5,922,291 shares of the company's stock worth $187,677,000 after purchasing an additional 20,555 shares during the last quarter. Hedge funds and other institutional investors own 96.79% of the company's stock.

Insiders Place Their Bets

In other news, CFO Jonathan S. Olsen sold 10,000 shares of the company's stock in a transaction on Friday, March 15th. The stock was sold at an average price of $34.75, for a total transaction of $347,500.00. Following the transaction, the chief financial officer now owns 37,037 shares of the company's stock, valued at $1,287,035.75. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.28% of the company's stock.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Oppenheimer boosted their target price on shares of Invitation Homes from $35.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, January 5th. KeyCorp increased their price target on shares of Invitation Homes from $35.00 to $38.00 and gave the stock an "overweight" rating in a report on Friday, January 5th. Keefe, Bruyette & Woods reduced their price objective on shares of Invitation Homes from $38.00 to $37.00 and set a "market perform" rating for the company in a research report on Tuesday, February 27th. BNP Paribas initiated coverage on shares of Invitation Homes in a research report on Monday, January 22nd. They issued an "outperform" rating and a $39.00 target price for the company. Finally, Citigroup reiterated a "neutral" rating and issued a $39.00 target price on shares of Invitation Homes in a research report on Friday, March 22nd. Six equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $38.19.

Invitation Homes Trading Up 0.6 %

NYSE:INVH traded up $0.21 on Monday, reaching $33.78. The stock had a trading volume of 3,513,487 shares, compared to its average volume of 3,144,602. The company has a market cap of $20.69 billion, a price-to-earnings ratio of 40.21, a P/E/G ratio of 1.99 and a beta of 0.94. The company has a debt-to-equity ratio of 0.53, a current ratio of 0.20 and a quick ratio of 0.20. The firm's fifty day moving average is $34.22 and its two-hundred day moving average is $33.37. Invitation Homes Inc. has a 12-month low of $28.49 and a 12-month high of $36.53.

Invitation Homes (NYSE:INVH - Get Free Report) last released its earnings results on Tuesday, February 13th. The company reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.44 by ($0.23). The firm had revenue of $624.32 million during the quarter, compared to analysts' expectations of $623.51 million. Invitation Homes had a net margin of 21.34% and a return on equity of 5.06%. Equities analysts expect that Invitation Homes Inc. will post 1.83 EPS for the current fiscal year.

Invitation Homes Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 19th. Shareholders of record on Thursday, March 28th were paid a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Wednesday, March 27th. Invitation Homes's dividend payout ratio is currently 133.33%.

About Invitation Homes

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.