Colony Starwood Homes (SFR) Rating Increased to Outperform at Keefe, Bruyette & Woods
Colony Starwood Homes (NYSE:SFR) was upgraded by analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research report issued to clients and investors on Monday.
Several other equities research analysts also recently weighed in on the stock. FBR & Co upped their target price on shares of Colony Starwood Homes from $36.00 to $37.00 and gave the stock an “outperform” rating in a research note on Wednesday, August 10th. JPMorgan Chase & Co. initiated coverage on shares of Colony Starwood Homes in a research note on Monday, September 26th. They set an “overweight” rating and a $35.00 target price on the stock. Nomura reaffirmed a “buy” rating and set a $33.00 target price (up from $29.00) on shares of Colony Starwood Homes in a research note on Monday, June 20th. Finally, Zacks Investment Research downgraded shares of Colony Starwood Homes from a “hold” rating to a “sell” rating in a research note on Thursday, August 11th. One analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the company. Colony Starwood Homes presently has an average rating of “Buy” and an average price target of $31.75.
Colony Starwood Homes (NYSE:SFR) traded up 0.83% on Monday, hitting $27.83. 913,220 shares of the company’s stock were exchanged. Colony Starwood Homes has a 12-month low of $19.54 and a 12-month high of $33.09. The company’s 50-day moving average price is $29.63 and its 200-day moving average price is $28.86. The company’s market cap is $2.83 billion.
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Colony Starwood Homes (NYSE:SFR) last announced its earnings results on Monday, August 8th. The company reported $0.39 earnings per share for the quarter, topping the consensus estimate of $0.38 by $0.01. Colony Starwood Homes had a negative net margin of 23.21% and a negative return on equity of 5.28%. The firm had revenue of $143.80 million for the quarter, compared to the consensus estimate of $141.07 million. Analysts forecast that Colony Starwood Homes will post $1.62 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Saturday, October 15th. Stockholders of record on Friday, September 30th were issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 3.16%. The ex-dividend date of this dividend was Wednesday, September 28th. Colony Starwood Homes’s payout ratio is -53.33%.
Several hedge funds and other institutional investors have recently modified their holdings of SFR. Goldman Sachs Group Inc. bought a new position in shares of Colony Starwood Homes during the first quarter valued at about $1,708,000. Quadrature Capital Ltd bought a new position in shares of Colony Starwood Homes during the first quarter valued at about $239,000. UBS Asset Management Americas Inc. bought a new position in shares of Colony Starwood Homes during the first quarter valued at about $1,736,000. UBS Group AG bought a new position in shares of Colony Starwood Homes during the first quarter valued at about $1,063,000. Finally, OMERS ADMINISTRATION Corp bought a new position in shares of Colony Starwood Homes during the first quarter valued at about $601,000. Institutional investors and hedge funds own 42.20% of the company’s stock.
Colony Starwood Homes Company Profile
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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