New York State Common Retirement Fund lifted its stake in shares of Colony Starwood Homes (NYSE:SFR) by 65.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,007 shares of the financial services provider’s stock after purchasing an additional 46,606 shares during the quarter. New York State Common Retirement Fund owned 0.12% of Colony Starwood Homes worth $4,049,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors also recently made changes to their positions in SFR. PNC Financial Services Group Inc. grew its holdings in shares of Colony Starwood Homes by 59.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 3,475 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 1,298 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in shares of Colony Starwood Homes during the 1st quarter valued at approximately $179,000. Teacher Retirement System of Texas bought a new stake in shares of Colony Starwood Homes during the 1st quarter valued at approximately $258,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Colony Starwood Homes by 56.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,861 shares of the financial services provider’s stock valued at $270,000 after purchasing an additional 2,848 shares during the last quarter. Finally, West Family Investments Inc. bought a new stake in shares of Colony Starwood Homes during the 2nd quarter valued at approximately $273,000. 93.69% of the stock is currently owned by institutional investors.

SFR has been the topic of several research reports. Citigroup Inc. initiated coverage on shares of Colony Starwood Homes in a report on Thursday, July 20th. They set a “buy” rating and a $40.00 price target on the stock. Zacks Investment Research raised shares of Colony Starwood Homes from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Thursday, September 28th. ValuEngine raised shares of Colony Starwood Homes from a “hold” rating to a “buy” rating in a report on Wednesday, September 6th. Mizuho reaffirmed a “neutral” rating and set a $35.00 price target (down from $41.00) on shares of Colony Starwood Homes in a report on Friday, August 11th. Finally, Raymond James Financial, Inc. initiated coverage on shares of Colony Starwood Homes in a report on Tuesday, July 11th. They set an “outperform” rating and a $38.00 price target on the stock. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $37.18.

Shares of Colony Starwood Homes (SFR) opened at 36.52 on Wednesday. The company’s 50-day moving average is $36.40 and its 200 day moving average is $35.17. Colony Starwood Homes has a 52-week low of $27.48 and a 52-week high of $37.94. The firm’s market capitalization is $3.71 billion.

Colony Starwood Homes (NYSE:SFR) last issued its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.01. Colony Starwood Homes had a negative net margin of 5.65% and a negative return on equity of 0.81%. The business had revenue of $154.40 million for the quarter, compared to analysts’ expectations of $153.39 million. The firm’s revenue was up 7.4% compared to the same quarter last year. Analysts expect that Colony Starwood Homes will post ($0.11) EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 24th will be given a dividend of $0.11 per share. This represents a $0.44 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Monday, October 23rd. Colony Starwood Homes’s payout ratio is currently -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.

Institutional Ownership by Quarter for Colony Starwood Homes (NYSE:SFR)

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