Colony Starwood Homes (SFR) Coverage Initiated by Analysts at Citigroup Inc.

Analysts at Citigroup Inc. assumed coverage on shares of Colony Starwood Homes (NYSE:SFR) in a report released on Thursday. The brokerage set a “buy” rating and a $40.00 price target on the financial services provider’s stock. Citigroup Inc.’s target price would suggest a potential upside of 13.41% from the stock’s current price.

Several other analysts have also weighed in on SFR. Zacks Investment Research raised shares of Colony Starwood Homes from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a report on Thursday, May 11th. Deutsche Bank AG assumed coverage on shares of Colony Starwood Homes in a report on Monday, April 24th. They set a “buy” rating and a $40.00 price objective for the company. Wood & Company assumed coverage on shares of Colony Starwood Homes in a report on Monday, April 24th. They set a “buy” rating and a $40.00 price objective for the company. Evercore ISI assumed coverage on shares of Colony Starwood Homes in a report on Monday, June 5th. They set an “in-line” rating and a $37.00 price objective for the company. Finally, FBR & Co raised their price objective on shares of Colony Starwood Homes from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $36.62.

Shares of Colony Starwood Homes (SFR) traded up 0.74% during trading on Thursday, reaching $35.53. The company’s stock had a trading volume of 114,832 shares. Colony Starwood Homes has a 1-year low of $26.74 and a 1-year high of $35.76. The company’s 50-day moving average price is $34.65 and its 200 day moving average price is $33.26. The stock’s market capitalization is $3.61 billion.

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, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. Colony Starwood Homes had a negative net margin of 8.24% and a negative return on equity of 1.32%. The firm had revenue of $151.04 million during the quarter, compared to analyst estimates of $147.46 million. Analysts anticipate that Colony Starwood Homes will post $0.01 EPS for the current year.

WARNING: This article was originally published by Sports Perspectives and is owned by of Sports Perspectives. If you are reading this article on another publication, it was copied illegally and reposted in violation of United States & international copyright and trademark legislation. The legal version of this article can be viewed at https://sportsperspectives.com/2017/07/20/colony-starwood-homes-sfr-coverage-initiated-by-analysts-at-citigroup-inc.html.

In other news, Director Thomas Barrack, Jr. sold 3,897,220 shares of the stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $34.69, for a total transaction of $135,194,561.80. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.95% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in SFR. BlackRock Inc. boosted its stake in 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 period. Vanguard Group Inc. boosted its stake in 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 period. Bank of New York Mellon Corp boosted its stake in 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 period. Daiwa Securities Group Inc. boosted its stake in Colony Starwood Homes by 109,387.5% in the first quarter. Daiwa Securities Group Inc. now owns 2,846,674 shares of the financial services provider’s stock valued at $96,644,000 after buying an additional 2,844,074 shares during the period. Finally, Morgan Stanley boosted its stake in Colony Starwood Homes by 816.5% in the first quarter. Morgan Stanley now owns 2,856,030 shares of the financial services provider’s stock valued at $96,961,000 after buying an additional 2,544,418 shares during the period. 93.49% of the stock is currently owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Colony Starwood Homes (NYSE:SFR)

Receive News & Ratings for Colony Starwood Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colony Starwood Homes and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply