ValuEngine upgraded shares of Starwood Waypoint Homes (NYSE:SFR) from a hold rating to a buy rating in a report published on Friday morning.

A number of other equities analysts also recently commented on the company. B. Riley restated a buy rating and issued a $39.00 price objective on shares of Starwood Waypoint Homes in a report on Thursday, November 9th. Mizuho reaffirmed a neutral rating and set a $35.00 target price (down previously from $41.00) on shares of Starwood Waypoint Homes in a research report on Friday, August 11th. Zacks Investment Research raised Starwood Waypoint Homes from a sell rating to a hold rating in a research report on Wednesday, August 16th. Finally, Citigroup Inc. started coverage on Starwood Waypoint Homes in a research report on Thursday, July 20th. They set a buy rating and a $40.00 target price for the company. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has an average rating of Buy and a consensus target price of $37.33.

Shares of Starwood Waypoint Homes (SFR) opened at $37.99 on Friday. The firm has a market cap of $4,870.00, a PE ratio of 20.70, a P/E/G ratio of 4.08 and a beta of 0.77. Starwood Waypoint Homes has a 1-year low of $28.10 and a 1-year high of $38.58. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.62 and a quick ratio of 2.62.

Starwood Waypoint Homes (NYSE:SFR) last issued its quarterly earnings results on Wednesday, November 8th. The financial services provider reported $0.45 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.01). Starwood Waypoint 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 during the quarter, compared to analyst estimates of $163.69 million. Starwood Waypoint Homes’s revenue for the quarter was up 16.2% on a year-over-year basis. analysts forecast that Starwood Waypoint Homes will post 1.83 EPS for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th were paid a $0.11 dividend. The ex-dividend date was Monday, October 23rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.16%. Starwood Waypoint Homes’s dividend payout ratio (DPR) is presently -314.29%.

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Starwood Waypoint Homes by 28.3% in the second quarter. Vanguard Group Inc. now owns 19,334,329 shares of the financial services provider’s stock valued at $663,362,000 after buying an additional 4,265,140 shares in the last quarter. BlackRock Inc. boosted its holdings in Starwood Waypoint Homes by 46.2% in the second quarter. BlackRock Inc. now owns 9,993,145 shares of the financial services provider’s stock valued at $342,866,000 after acquiring an additional 3,156,076 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Starwood Waypoint Homes by 28.1% in the third quarter. Principal Financial Group Inc. now owns 8,317,096 shares of the financial services provider’s stock valued at $302,492,000 after acquiring an additional 1,822,881 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in Starwood Waypoint Homes by 6.0% in the third quarter. Bank of New York Mellon Corp now owns 7,244,355 shares of the financial services provider’s stock valued at $263,478,000 after acquiring an additional 408,929 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in Starwood Waypoint Homes in the second quarter valued at about $131,146,000.

Starwood Waypoint 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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

Analyst Recommendations for Starwood Waypoint Homes (NYSE:SFR)

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