SFR has been the topic of a number of other research reports. JMP Securities reissued an outperform rating and issued a $34.00 price objective (up previously from $29.00) on shares of Colony Starwood Homes in a report on Tuesday, June 14th. Zacks Investment Research downgraded shares of Colony Starwood Homes from a hold rating to a sell rating in a report on Thursday, August 11th. Keefe, Bruyette & Woods downgraded shares of Colony Starwood Homes from an outperform rating to a market perform rating and raised their price objective for the stock from $30.00 to $32.00 in a report on Tuesday, July 19th. Nomura reissued a buy rating and issued a $33.00 price objective (up previously from $29.00) on shares of Colony Starwood Homes in a report on Monday, June 20th. Finally, JPMorgan Chase & Co. began coverage on shares of Colony Starwood Homes in a report on Monday. They issued an overweight rating and a $35.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and five have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average price target of $31.75.
Colony Starwood Homes (NYSE:SFR) opened at 30.15 on Friday. The stock has a 50 day moving average of $31.04 and a 200-day moving average of $28.52. The company’s market cap is $3.06 billion. Colony Starwood Homes has a one year low of $19.54 and a one year high of $33.09.
Colony Starwood Homes (NYSE:SFR) last posted its quarterly earnings data on Monday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The company had revenue of $143.80 million for the quarter, compared to the consensus estimate of $141.07 million. Colony Starwood Homes had a negative net margin of 23.21% and a negative return on equity of 5.28%. On average, equities analysts predict that Colony Starwood Homes will post $1.62 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Friday, September 30th will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.92%. The ex-dividend date is Wednesday, September 28th. Colony Starwood Homes’s payout ratio is currently -53.33%.
Several large investors have recently added to or reduced their stakes in SFR. BlackRock Institutional Trust Company N.A. bought a new stake in Colony Starwood Homes during the first quarter valued at about $43,059,000. Capital Growth Management LP bought a new stake in Colony Starwood Homes during the second quarter valued at about $33,766,000. Cohen & Steers Inc. boosted its stake in Colony Starwood Homes by 79.5% in the second quarter. Cohen & Steers Inc. now owns 2,461,879 shares of the company’s stock valued at $74,890,000 after buying an additional 1,090,159 shares during the last quarter. BlackRock Fund Advisors bought a new stake in Colony Starwood Homes during the first quarter valued at about $24,909,000. Finally, State Street Corp boosted its stake in Colony Starwood Homes by 108.9% in the second quarter. State Street Corp now owns 1,517,015 shares of the company’s stock valued at $46,150,000 after buying an additional 790,869 shares during the last quarter. Hedge funds and other institutional investors own 42.20% of the company’s stock.
About Colony Starwood Homes
Colony Starwood Homes, formerly Starwood Waypoint Residential Trust, is a real estate investment trust (REIT). The Company operates through two segments: single-family rental (SFRs), which includes the business activities associated with its investments in residential properties, and non-performing residential mortgage loans (NPLs), which includes the business activities associated with its investments in NPLs.
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