Westpac Banking Corp Buys 27,432 Shares of Colony Starwood Homes (SFR)

Westpac Banking Corp increased its stake in shares of Colony Starwood Homes (NYSE:SFR) by 9.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 329,066 shares of the financial services provider’s stock after acquiring an additional 27,432 shares during the quarter. Westpac Banking Corp owned approximately 0.32% of Colony Starwood Homes worth $11,968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Verition Fund Management LLC grew its position in Colony Starwood Homes by 1.5% during the 2nd quarter. Verition Fund Management LLC now owns 11,719 shares of the financial services provider’s stock worth $402,000 after acquiring an additional 176 shares during the last quarter. Suntrust Banks Inc. grew its position in Colony Starwood Homes by 3.6% during the 2nd quarter. Suntrust Banks Inc. now owns 8,235 shares of the financial services provider’s stock worth $282,000 after acquiring an additional 284 shares during the last quarter. Teacher Retirement System of Texas grew its position in Colony Starwood Homes by 5.4% during the 2nd quarter. Teacher Retirement System of Texas now owns 8,012 shares of the financial services provider’s stock worth $275,000 after acquiring an additional 414 shares during the last quarter. Prudential Financial Inc. grew its position in Colony Starwood Homes by 5.4% during the 1st quarter. Prudential Financial Inc. now owns 9,102 shares of the financial services provider’s stock worth $309,000 after acquiring an additional 470 shares during the last quarter. Finally, Comerica Bank grew its position in Colony Starwood Homes by 14.2% during the 2nd quarter. Comerica Bank now owns 9,672 shares of the financial services provider’s stock worth $341,000 after acquiring an additional 1,206 shares during the last quarter.

Colony Starwood Homes (NYSE:SFR) last issued its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. Colony Starwood Homes had a negative return on equity of 0.81% and a negative net margin of 5.65%. The firm had revenue of $154.40 million for the quarter, compared to the consensus estimate of $153.39 million. Colony Starwood Homes’s revenue was up 7.4% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th will be issued a $0.11 dividend. The ex-dividend date is Monday, October 23rd. This represents a $0.44 annualized dividend and a dividend yield of 1.21%. Colony Starwood Homes’s payout ratio is -266.67%.

Several research firms recently issued reports on SFR. ValuEngine upgraded Colony Starwood Homes from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Citigroup Inc. started coverage on Colony Starwood Homes in a research report on Thursday, July 20th. They issued a “buy” rating and a $40.00 price objective on the stock. Zacks Investment Research upgraded Colony Starwood Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Raymond James Financial, Inc. started coverage on Colony Starwood Homes in a research report on Tuesday, July 11th. They issued an “outperform” rating and a $38.00 price objective on the stock. Finally, Wood & Company started coverage on Colony Starwood Homes in a research report on Monday, July 10th. They issued an “outperform” rating and a $38.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Colony Starwood Homes presently has an average rating of “Hold” and an average price target of $37.18.

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Colony Starwood Homes 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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Institutional Ownership by Quarter for Colony Starwood Homes (NYSE:SFR)

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