First Republic Investment Management Inc. Invests $397,000 in Starwood Waypoint Homes (SFR) Stock

First Republic Investment Management Inc. acquired a new position in shares of Starwood Waypoint Homes (NYSE:SFR) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 10,937 shares of the financial services provider’s stock, valued at approximately $397,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in Starwood Waypoint Homes by 28.3% in the 2nd quarter. Vanguard Group Inc. now owns 19,334,329 shares of the financial services provider’s stock worth $663,362,000 after purchasing an additional 4,265,140 shares during the last quarter. BlackRock Inc. grew its position in Starwood Waypoint Homes by 46.2% in the 2nd quarter. BlackRock Inc. now owns 9,993,145 shares of the financial services provider’s stock worth $342,866,000 after purchasing an additional 3,156,076 shares during the last quarter. Principal Financial Group Inc. grew its position in Starwood Waypoint Homes by 28.1% in the 3rd quarter. Principal Financial Group Inc. now owns 8,317,096 shares of the financial services provider’s stock worth $302,492,000 after purchasing an additional 1,822,881 shares during the last quarter. Bank of New York Mellon Corp grew its position in Starwood Waypoint Homes by 6.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 7,244,355 shares of the financial services provider’s stock worth $263,478,000 after purchasing an additional 408,929 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in Starwood Waypoint Homes in the 2nd quarter worth about $131,146,000.

Starwood Waypoint Homes (NYSE:SFR) opened at $37.13 on Monday. The company has a quick ratio of 2.62, a current ratio of 2.18 and a debt-to-equity ratio of 1.17. The stock has a market cap of $4,770.00, a P/E ratio of 20.50, a PEG ratio of 4.04 and a beta of 0.77. Starwood Waypoint Homes has a 1-year low of $28.10 and a 1-year high of $38.58.

Starwood Waypoint Homes (NYSE:SFR) last posted its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $169.70 million during the quarter, compared to the consensus estimate of $163.69 million. Starwood Waypoint Homes had a negative net margin of 7.41% and a negative return on equity of 1.07%. The company’s revenue was up 16.2% compared to the same quarter last year. analysts anticipate that Starwood Waypoint Homes will post 1.83 EPS for the current fiscal year.

Several research analysts have commented on SFR shares. ValuEngine upgraded shares of Starwood Waypoint Homes from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research upgraded shares of Starwood Waypoint Homes from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research report on Thursday, September 28th. Finally, B. Riley restated a “buy” rating and issued a $39.00 target price on shares of Starwood Waypoint Homes in a research report on Thursday, November 9th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Starwood Waypoint Homes presently has a consensus rating of “Buy” and an average price target of $37.73.

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About Starwood Waypoint Homes

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 Starwood Waypoint Homes (NYSE:SFR)

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