Colony Starwood Homes (SFR) Reaches New 1-Year High at $32.41
Colony Starwood Homes (NYSE:SFR)’s share price reached a new 52-week high on Monday . The company traded as high as $32.41 and last traded at $32.18, with a volume of 117,754 shares. The stock had previously closed at $31.99.
A number of research firms have recently weighed in on SFR. FBR & Co began coverage on Colony Starwood Homes in a report on Wednesday, July 13th. They set an “outperform” rating and a $36.00 price target for the company. Wells Fargo & Co. cut Colony Starwood Homes from an “outperform” rating to a “market perform” rating and set a $28.00 price target for the company. in a report on Tuesday, May 10th. JMP Securities reiterated an “outperform” rating and set a $34.00 price target (up from $29.00) on shares of Colony Starwood Homes in a report on Tuesday, June 14th. Nomura Holdings Inc. reissued a “buy” rating and set a $33.00 target price (up previously from $29.00) on shares of Colony Starwood Homes in a research note on Monday, June 20th. Finally, Keefe, Bruyette & Woods lowered Colony Starwood Homes from an “outperform” rating to a “market perform” rating and increased their target price for the stock from $30.00 to $32.00 in a research note on Tuesday. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $31.14.
The stock’s 50 day moving average price is $29.85 and its 200-day moving average price is $25.15. The company’s market cap is $3.20 billion.
Colony Starwood Homes (NYSE:SFR) last released its quarterly earnings results on Monday, May 9th. The company reported $0.40 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.08. The company earned $139.40 million during the quarter, compared to analyst estimates of $124.06 million. On average, equities research analysts expect that Colony Starwood Homes will post $1.62 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Thursday, June 30th were issued a $0.22 dividend. The ex-dividend date was Tuesday, June 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.79%.
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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