$0.44 EPS Expected for Colony Starwood Homes (SFR) This Quarter

Brokerages expect Colony Starwood Homes (NYSE:SFR) to post earnings per share of $0.44 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Colony Starwood Homes’ earnings. The highest EPS estimate is $0.44 and the lowest is $0.43. Colony Starwood Homes posted earnings per share of $0.39 during the same quarter last year, which indicates a positive year-over-year growth rate of 12.8%. The company is scheduled to report its next earnings report on Monday, August 14th.

On average, analysts expect that Colony Starwood Homes will report full-year earnings of $1.87 per share for the current financial year, with EPS estimates ranging from $1.76 to $1.99. For the next fiscal year, analysts anticipate that the business will report earnings of $2.02 per share, with EPS estimates ranging from $2.00 to $2.03. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Colony Starwood Homes.

Colony Starwood Homes (NYSE:SFR) last posted its quarterly earnings results on Monday, May 8th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The business had revenue of $151.04 million for the quarter, compared to analyst estimates of $147.46 million. Colony Starwood Homes had a negative return on equity of 1.32% and a negative net margin of 8.24%.

Several analysts have recently weighed in on the company. FBR & Co lifted their price objective on Colony Starwood Homes from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Tuesday. Evercore ISI assumed coverage on Colony Starwood Homes in a report on Monday, June 5th. They set an “in-line” rating and a $37.00 price objective on the stock. Zacks Investment Research lowered Colony Starwood Homes from a “buy” rating to a “hold” rating in a report on Friday, May 12th. Deutsche Bank AG assumed coverage on Colony Starwood Homes in a report on Monday, April 24th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Wood & Company initiated coverage on Colony Starwood Homes in a report on Monday, April 24th. They set a “buy” rating and a $40.00 price objective on the stock. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Colony Starwood Homes has an average rating of “Buy” and an average price target of $36.17.

In other Colony Starwood Homes news, CFO Arik Prawer sold 5,000 shares of Colony Starwood Homes stock in a transaction on Monday, March 20th. The stock was sold at an average price of $33.82, for a total value of $169,100.00. Following the completion of the transaction, the chief financial officer now owns 80,958 shares in the company, valued at approximately $2,737,999.56. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Charles D. Young sold 6,500 shares of Colony Starwood Homes stock in a transaction on Friday, March 17th. The shares were sold at an average price of $34.20, for a total value of $222,300.00. Following the completion of the transaction, the chief operating officer now owns 101,749 shares of the company’s stock, valued at approximately $3,479,815.80. The disclosure for this sale can be found here. In the last quarter, insiders sold 3,912,884 shares of company stock valued at $135,727,871. Corporate insiders own 4.95% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. increased its position in shares of Colony Starwood Homes by 44.9% in the first quarter. Vanguard Group Inc. now owns 15,069,189 shares of the financial services provider’s stock valued at $511,600,000 after buying an additional 4,669,151 shares during the last quarter. BlackRock Inc. increased its position in shares of Colony Starwood Homes by 8,420.0% in the first quarter. BlackRock Inc. now owns 6,837,069 shares of the financial services provider’s stock valued at $232,118,000 after buying an additional 6,756,822 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Colony Starwood Homes by 127.4% in the first quarter. Bank of New York Mellon Corp now owns 5,751,625 shares of the financial services provider’s stock valued at $195,267,000 after buying an additional 3,222,303 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Colony Starwood Homes by 84.5% in the first quarter. Principal Financial Group Inc. now owns 5,205,565 shares of the financial services provider’s stock valued at $176,457,000 after buying an additional 2,384,410 shares during the last quarter. Finally, Janus Capital Management LLC increased its position in shares of Colony Starwood Homes by 7.5% in the first quarter. Janus Capital Management LLC now owns 3,741,787 shares of the financial services provider’s stock valued at $127,027,000 after buying an additional 261,475 shares during the last quarter. Hedge funds and other institutional investors own 93.67% of the company’s stock.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be given a $0.22 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $0.88 annualized dividend and a yield of 2.52%. Colony Starwood Homes’s payout ratio is -187.23%.

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About Colony Starwood Homes

Colony Starwood Homes, formerly Starwood Waypoint Residential Trust, is an internally managed real estate investment trust (REIT). The Company was formed primarily to acquire, renovate, lease and manage residential assets in select markets across the United States. It is focused on acquiring single-family rental (SFR) homes through a variety of channels, renovating these homes to the extent necessary and leasing them to qualified residents.

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