Colony Starwood Homes (SFR) Receiving Favorable News Coverage, Report Shows
Media coverage about Colony Starwood Homes (NYSE:SFR) has trended positive recently, Accern reports. The research firm identifies positive and negative press coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Colony Starwood Homes earned a media sentiment score of 0.25 on Accern’s scale. Accern also assigned news articles about the financial services provider an impact score of 46.8754528018594 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Several research firms recently commented on SFR. ValuEngine upgraded Colony Starwood Homes from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Citigroup Inc. began coverage on Colony Starwood Homes in a research report on Thursday, July 20th. They set a “buy” rating and a $40.00 target price for the company. FBR & Co raised their target price on Colony Starwood Homes from $38.00 to $39.00 and gave the stock an “outperform” rating in a research report on Tuesday, June 13th. Zacks Investment Research upgraded Colony Starwood Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Raymond James Financial, Inc. began coverage on Colony Starwood Homes in a research report on Tuesday, July 11th. They set an “outperform” rating and a $38.00 target price for the company. Six analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $36.62.
Shares of Colony Starwood Homes (NYSE:SFR) opened at 36.13 on Friday. The firm’s market capitalization is $3.67 billion. The company’s 50-day moving average price is $36.12 and its 200-day moving average price is $34.76. Colony Starwood Homes has a 12-month low of $26.74 and a 12-month high of $37.94.
Colony Starwood Homes (NYSE:SFR) last released its earnings results on Wednesday, August 9th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. Colony Starwood Homes had a negative return on equity of 0.81% and a negative net margin of 5.65%. The firm had revenue of $154.40 million during the quarter, compared to analysts’ expectations of $153.39 million. Colony Starwood Homes’s revenue was up 7.4% compared to the same quarter last year. Analysts anticipate that Colony Starwood Homes will post ($0.12) EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a yield of 2.44%. The ex-dividend date of this dividend is Thursday, September 28th. Colony Starwood Homes’s payout ratio is presently -266.67%.
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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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