B. Riley Reiterates Buy Rating for Colony Starwood Homes (SFR)
Several other equities analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Colony Starwood Homes from a buy rating to a hold rating in a report on Tuesday, October 24th. ValuEngine lowered shares of Colony Starwood Homes from a buy rating to a hold rating in a report on Monday, October 2nd. Mizuho reiterated a neutral rating and set a $35.00 target price (down from $41.00) on shares of Colony Starwood Homes in a report on Friday, August 11th. Finally, Citigroup Inc. began coverage on shares of Colony Starwood Homes in a report on Thursday, July 20th. They set a buy rating and a $40.00 target price for the company. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Colony Starwood Homes presently has an average rating of Buy and an average target price of $37.18.
Shares of Colony Starwood Homes (NYSE SFR) opened at $38.30 on Thursday. The company has a quick ratio of 2.62, a current ratio of 2.62 and a debt-to-equity ratio of 1.12. Colony Starwood Homes has a 1-year low of $28.10 and a 1-year high of $38.56. The company has a market cap of $4,916.00, a PE ratio of 20.70, a price-to-earnings-growth ratio of 4.08 and a beta of 0.89.
Colony Starwood Homes (NYSE:SFR) last released its earnings results on Wednesday, November 8th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). Colony Starwood Homes had a negative net margin of 7.41% and a negative return on equity of 1.11%. The business had revenue of $169.70 million for the quarter, compared to analysts’ expectations of $163.69 million. The company’s revenue for the quarter was up 16.2% compared to the same quarter last year. equities analysts anticipate that Colony Starwood Homes will post 1.83 EPS for the current fiscal year.
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The company also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Investors of record on Tuesday, October 24th were issued a $0.11 dividend. The ex-dividend date was Monday, October 23rd. This represents a $0.44 dividend on an annualized basis and a yield of 1.15%. Colony Starwood Homes’s payout ratio is currently -219.99%.
A number of hedge funds and other institutional investors have recently made changes to their positions in SFR. PNC Financial Services Group Inc. raised its holdings in Colony Starwood Homes by 59.6% in the 1st quarter. PNC Financial Services Group Inc. now owns 3,475 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 1,298 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Colony Starwood Homes in the 1st quarter worth approximately $179,000. Amica Retiree Medical Trust purchased a new position in Colony Starwood Homes in the 3rd quarter worth approximately $204,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Colony Starwood Homes by 56.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,861 shares of the financial services provider’s stock worth $270,000 after acquiring an additional 2,848 shares during the last quarter. Finally, West Family Investments Inc. purchased a new position in Colony Starwood Homes in the 2nd quarter worth approximately $273,000.
About Colony Starwood Homes
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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