Colony Starwood Homes (SFR) to Release Earnings on Wednesday
Colony Starwood Homes (NYSE:SFR) is scheduled to be releasing its earnings data after the market closes on Wednesday, November 8th. Analysts expect Colony Starwood Homes to post earnings of $0.46 per share for the quarter. Colony Starwood Homes has set its FY17 guidance at $1.85-1.90 EPS.
Colony Starwood Homes (NYSE:SFR) last released its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. The business had revenue of $154.40 million during the quarter, compared to analyst estimates of $153.39 million. Colony Starwood Homes had a negative net margin of 5.65% and a negative return on equity of 0.81%. The firm’s quarterly revenue was up 7.4% on a year-over-year basis. On average, analysts expect Colony Starwood Homes to post $1.83 EPS for the current fiscal year and $2.02 EPS for the next fiscal year.
Shares of Colony Starwood Homes (SFR) opened at 36.31 on Wednesday. The firm’s 50-day moving average is $36.39 and its 200-day moving average is $35.36. Colony Starwood Homes has a 1-year low of $27.87 and a 1-year high of $37.94. The company’s market capitalization is $3.69 billion.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders 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 dividend on an annualized basis and a yield of 1.21%. Colony Starwood Homes’s dividend payout ratio is presently -266.67%.
Several research firms have recently issued reports on SFR. ValuEngine upgraded shares of Colony Starwood Homes from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Zacks Investment Research upgraded shares of Colony Starwood Homes from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Mizuho restated a “neutral” rating and set a $35.00 price objective (down previously from $41.00) on shares of Colony Starwood Homes in a report on Friday, August 11th. Citigroup Inc. began coverage on shares of Colony Starwood Homes in a report on Thursday, July 20th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Raymond James Financial, Inc. began coverage on shares of Colony Starwood Homes in a report on Tuesday, July 11th. They set an “outperform” rating and a $38.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Colony Starwood Homes has a consensus rating of “Hold” and an average target price of $37.18.
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Colony Starwood Homes Company 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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