Colony Starwood Homes (SFR) Reaches New 52-Week High at $32.65
Colony Starwood Homes (NYSE:SFR)’s share price hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $32.65 and last traded at $32.65, with a volume of 701,481 shares changing hands. The stock had previously closed at $31.83.
Several equities research analysts have recently weighed in on the company. Keefe, Bruyette & Woods lowered Colony Starwood Homes from an “outperform” rating to a “market perform” rating and upped their price objective for the company from $30.00 to $32.00 in a research note on Tuesday, July 19th. FBR & Co assumed coverage on Colony Starwood Homes in a research note on Wednesday, July 13th. They issued an “outperform” rating and a $36.00 price objective on the stock. Nomura reiterated a “buy” rating and issued a $33.00 price objective (up from $29.00) on shares of Colony Starwood Homes in a research note on Monday, June 20th. JMP Securities reiterated an “outperform” rating and issued a $34.00 price objective (up from $29.00) on shares of Colony Starwood Homes in a research note on Tuesday, June 14th. Finally, Wells Fargo & Co. lowered Colony Starwood Homes from an “outperform” rating to a “market perform” rating and set a $28.00 price objective on the stock. in a research note on Tuesday, May 10th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $31.14.
The company has a 50-day moving average of $30.78 and a 200 day moving average of $25.65. The firm’s market cap is $3.33 billion.
Colony Starwood Homes (NYSE:SFR) last issued its earnings results on Monday, May 9th. The company reported $0.40 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.08. The firm earned $139.40 million during the quarter, compared to analyst estimates of $124.06 million. On average, analysts anticipate that Colony Starwood Homes will post $1.62 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Thursday, June 30th were paid a $0.22 dividend. 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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