Colony Starwood Homes (SFR) Sees Unusually-High Trading Volume
Colony Starwood Homes (NYSE:SFR) shares saw unusually-high trading volume on Tuesday . Approximately 570,999 shares changed hands during mid-day trading, an increase of 17% from the previous session’s volume of 489,455 shares.The stock last traded at $30.33 and had previously closed at $30.50.
A number of analysts recently issued reports on SFR shares. Wells Fargo & Co. downgraded Colony Starwood Homes from an “outperform” rating to a “market perform” rating and set a $28.00 target price on the stock. in a research report on Tuesday, May 10th. Nomura reaffirmed a “buy” rating and issued a $33.00 target price (up previously from $29.00) on shares of Colony Starwood Homes in a research report on Monday, June 20th. 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 report on Tuesday, July 19th. 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 target price on the stock. Finally, Zacks Investment Research downgraded Colony Starwood Homes from a “hold” rating to a “sell” rating in a research report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company’s stock. Colony Starwood Homes currently has an average rating of “Hold” and an average target price of $31.29.
The company has a 50-day moving average price of $31.86 and a 200-day moving average price of $27.38. The firm’s market capitalization is $3.10 billion.
Colony Starwood Homes (NYSE:SFR) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.39 EPS for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. The firm had revenue of $143.80 million for the quarter, compared to the consensus estimate of $141.07 million. On average, equities analysts forecast that Colony Starwood Homes will post $1.62 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Shareholders of record on Friday, September 30th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.88%.
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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