Colony Starwood Homes (SFR) Set to Announce Quarterly Earnings on Wednesday
Colony Starwood Homes (NYSE:SFR) is scheduled to be issuing its quarterly earnings data after the market closes on Wednesday, August 9th. Analysts expect the company to announce earnings of $0.44 per share for the quarter.
Colony Starwood Homes (NYSE:SFR) last posted its quarterly earnings data on Monday, May 8th. The financial services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. Colony Starwood Homes had a negative return on equity of 1.32% and a negative net margin of 8.24%. The business had revenue of $151.04 million for the quarter, compared to analyst estimates of $147.46 million.
Shares of Colony Starwood Homes (NYSE:SFR) opened at 34.56 on Tuesday. Colony Starwood Homes has a 52-week low of $26.74 and a 52-week high of $35.76. The stock’s 50 day moving average price is $34.68 and its 200-day moving average price is $33.65. The stock’s market cap is $3.51 billion.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were paid a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.55%. The ex-dividend date was Wednesday, June 28th. Colony Starwood Homes’s dividend payout ratio is presently -187.23%.
SFR has been the topic of a number of research reports. Zacks Investment Research downgraded shares of Colony Starwood Homes from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. Deutsche Bank AG initiated coverage on shares of Colony Starwood Homes in a research note on Monday, April 24th. They issued a “buy” rating and a $40.00 target price on the stock. FBR & Co raised their target price on shares of Colony Starwood Homes from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Tuesday, June 13th. Wood & Company initiated coverage on shares of Colony Starwood Homes in a research note on Monday, July 10th. They issued an “outperform” rating and a $38.00 target price on the stock. Finally, Raymond James Financial, Inc. initiated coverage on shares of Colony Starwood Homes in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $38.00 target price on the stock. One analyst has rated the stock with a sell rating, four have issued a hold rating and eight have assigned a buy rating to the stock. Colony Starwood Homes has a consensus rating of “Buy” and an average target price of $36.62.
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In related news, Director Thomas Barrack, Jr. sold 3,897,220 shares of Colony Starwood Homes stock in a transaction on Friday, June 9th. The shares were sold at an average price of $34.69, for a total transaction of $135,194,561.80. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 4.95% of the company’s stock.
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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