Colony Starwood Homes (SFR) Hits New 52-Week High at $32.65
Colony Starwood Homes (NYSE:SFR)’s share price hit a new 52-week high during trading on Friday . The company traded as high as $32.65 and last traded at $32.65, with a volume of 701,481 shares trading hands. The stock had previously closed at $31.83.
SFR has been the subject of a number of research reports. Nomura restated a “buy” rating and issued a $33.00 target price (up from $29.00) on shares of Colony Starwood Homes in a research note on Monday, June 20th. Wells Fargo & Co. downgraded Colony Starwood Homes from an “outperform” rating to a “market perform” rating and set a $28.00 target price for the company. in a research note on Tuesday, May 10th. Keefe, Bruyette & Woods downgraded Colony Starwood Homes from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $30.00 to $32.00 in a research note on Tuesday, July 19th. FBR & Co initiated coverage on Colony Starwood Homes in a research note on Wednesday, July 13th. They issued an “outperform” rating and a $36.00 target price for the company. Finally, JMP Securities restated an “outperform” rating and issued a $34.00 target price (up from $29.00) on shares of Colony Starwood Homes in a research note on Tuesday, June 14th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $31.14.
The firm’s market cap is $3.33 billion. The firm’s 50 day moving average price is $30.65 and its 200-day moving average price is $25.57.
Colony Starwood Homes (NYSE:SFR) last issued its quarterly earnings data on Monday, May 9th. The company reported $0.40 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.08. The firm had revenue of $139.40 million for the quarter, compared to the consensus estimate of $124.06 million. Equities analysts forecast that Colony Starwood Homes will post $1.62 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Thursday, June 30th were paid a dividend of $0.22 per share. The ex-dividend date was Tuesday, June 28th. This represents a $0.88 annualized dividend and a yield of 2.69%.
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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