Colony Starwood Homes (NYSE:SFR) has been given an average recommendation of “Buy” by the thirteen ratings firms that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $36.58.
SFR has been the topic of several recent analyst reports. Zacks Investment Research cut shares of Colony Starwood Homes from a “buy” rating to a “hold” rating in a report on Friday, May 12th. Evercore ISI initiated coverage on shares of Colony Starwood Homes in a report on Monday, June 5th. They issued an “in-line” rating and a $37.00 price target on the stock. Mizuho reaffirmed a “neutral” rating and issued a $35.00 price target (down from $41.00) on shares of Colony Starwood Homes in a report on Friday, August 11th. Raymond James Financial, Inc. initiated coverage on shares of Colony Starwood Homes in a report on Tuesday, July 11th. They issued an “outperform” rating and a $38.00 price target on the stock. Finally, Wood & Company initiated coverage on shares of Colony Starwood Homes in a report on Monday, July 10th. They issued an “outperform” rating and a $38.00 price target on the stock.
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Shares of Colony Starwood Homes (NYSE:SFR) traded down 0.99% during midday trading on Friday, hitting $37.00. 1,552,576 shares of the stock were exchanged. Colony Starwood Homes has a 12-month low of $26.74 and a 12-month high of $37.94. The firm has a 50 day moving average of $35.88 and a 200 day moving average of $34.59. The firm’s market cap is $3.76 billion.
Colony Starwood Homes (NYSE:SFR) last posted its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.01. The firm had revenue of $154.40 million for the quarter, compared to analysts’ expectations of $153.39 million. Colony Starwood Homes had a negative net margin of 5.65% and a negative return on equity of 0.81%. The firm’s quarterly revenue was up 7.4% compared to the same quarter last year. Equities analysts forecast that Colony Starwood Homes will post ($0.12) EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be issued a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.38%. Colony Starwood Homes’s dividend payout ratio (DPR) is -266.67%.
In other Colony Starwood Homes news, Director Thomas Barrack, Jr. sold 3,897,220 shares of the stock in a transaction 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 sale was disclosed in a legal filing with the SEC, which is available through the SEC website. 4.95% of the stock is currently owned by corporate insiders.
Several large investors have recently modified their holdings of SFR. BlackRock Inc. raised its holdings in shares of Colony Starwood Homes by 8,420.0% during the first quarter. BlackRock Inc. now owns 6,837,069 shares of the financial services provider’s stock worth $232,118,000 after purchasing an additional 6,756,822 shares during the period. Vanguard Group Inc. raised its holdings in shares of Colony Starwood Homes by 44.9% during the first quarter. Vanguard Group Inc. now owns 15,069,189 shares of the financial services provider’s stock worth $511,600,000 after purchasing an additional 4,669,151 shares during the period. Janus Henderson Group PLC acquired a new stake in shares of Colony Starwood Homes during the second quarter worth $131,146,000. Morgan Stanley raised its holdings in shares of Colony Starwood Homes by 816.5% during the first quarter. Morgan Stanley now owns 2,856,030 shares of the financial services provider’s stock worth $96,961,000 after purchasing an additional 2,544,418 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of Colony Starwood Homes by 84.5% during the first quarter. Principal Financial Group Inc. now owns 5,205,565 shares of the financial services provider’s stock worth $176,457,000 after purchasing an additional 2,384,410 shares during the period.
Colony Starwood Homes Company Profile
Starwood Waypoint Homes, formerly Colony Starwood Homes, 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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