Colony Starwood Homes (SFR) Announces $0.22 Quarterly Dividend
Colony Starwood Homes (NYSE:SFR) announced a quarterly dividend on Thursday, August 10th, Zacks reports. Shareholders of record on Friday, September 29th will be given a dividend of 0.22 per share by the financial services provider on Friday, October 13th. This represents a $0.88 dividend on an annualized basis and a yield of 2.47%. The ex-dividend date is Thursday, September 28th.
Colony Starwood Homes has a dividend payout ratio of 48.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Colony Starwood Homes to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.88 annual dividend with an expected future payout ratio of 43.6%.
Colony Starwood Homes (SFR) traded down 1.71% during mid-day trading on Friday, reaching $35.61. The company’s stock had a trading volume of 1,220,840 shares. Colony Starwood Homes has a 52-week low of $26.74 and a 52-week high of $37.94. The stock’s market cap is $3.62 billion. The company has a 50 day moving average of $36.22 and a 200-day moving average of $34.83.
Colony Starwood Homes (NYSE:SFR) last posted its earnings results on Wednesday, August 9th. The financial services provider reported $0.45 EPS for the quarter, beating 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 company had revenue of $154.40 million for the quarter, compared to the consensus estimate of $153.39 million. The company’s revenue was up 7.4% compared to the same quarter last year. Equities analysts forecast that Colony Starwood Homes will post ($0.12) earnings per share for the current year.
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Several equities analysts have recently commented on the company. ValuEngine raised Colony Starwood Homes from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research raised Colony Starwood Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Mizuho reissued a “neutral” rating and set a $35.00 price target (down previously from $41.00) on shares of Colony Starwood Homes in a research report on Friday, August 11th. Citigroup Inc. initiated coverage on Colony Starwood Homes in a research report on Thursday, July 20th. They set a “buy” rating and a $40.00 price target on the stock. Finally, Raymond James Financial, Inc. initiated coverage on Colony Starwood Homes in a research report on Tuesday, July 11th. They set an “outperform” rating and a $38.00 price target on the stock. Six research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $36.62.
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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