Colony Starwood Homes (SFR) Rating Increased to Outperform at Keefe, Bruyette & Woods
Colony Starwood Homes (NYSE:SFR) was upgraded by investment analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued on Monday.
A number of other analysts have also recently commented on SFR. Nomura restated a “buy” rating and issued a $33.00 price target (up previously from $29.00) on shares of Colony Starwood Homes in a research report on Monday, June 20th. FBR & Co started coverage on Colony Starwood Homes in a research report on Wednesday, July 13th. They issued an “outperform” rating and a $36.00 price target for the company. Zacks Investment Research cut Colony Starwood Homes from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. Finally, JPMorgan Chase & Co. started coverage on Colony Starwood Homes in a research report on Monday, September 26th. They issued an “overweight” rating and a $35.00 price target for the company. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $31.75.
Colony Starwood Homes (NYSE:SFR) traded up 0.83% during mid-day trading on Monday, reaching $27.83. The company had a trading volume of 913,220 shares. The firm has a 50-day moving average of $29.63 and a 200 day moving average of $28.86. Colony Starwood Homes has a 1-year low of $19.54 and a 1-year high of $33.09. The company’s market capitalization is $2.83 billion.
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Colony Starwood Homes (NYSE:SFR) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.38 by $0.01. The business earned $143.80 million during the quarter, compared to analysts’ expectations of $141.07 million. Colony Starwood Homes had a negative return on equity of 5.28% and a negative net margin of 23.21%. On average, analysts predict that Colony Starwood Homes will post $1.62 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Saturday, October 15th. Shareholders of record on Friday, September 30th were issued a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 3.16%. The ex-dividend date was Wednesday, September 28th. Colony Starwood Homes’s dividend payout ratio is presently -53.33%.
A number of institutional investors have recently added to or reduced their stakes in SFR. TIAA CREF Investment Management LLC purchased a new position in Colony Starwood Homes during the first quarter valued at $5,223,000. Teachers Advisors Inc. purchased a new position in Colony Starwood Homes during the first quarter valued at $1,463,000. Prudential Financial Inc. purchased a new position in Colony Starwood Homes during the first quarter valued at $982,000. BlackRock Inc. purchased a new position in Colony Starwood Homes during the first quarter valued at $2,908,000. Finally, BlackRock Group LTD purchased a new position in Colony Starwood Homes during the first quarter valued at $8,819,000. Institutional investors and hedge funds 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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