Colony Starwood Homes (NYSE:SFR) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a research note issued to investors on Thursday. The firm currently has a $32.00 price target on the stock. Zacks Investment Research’s target price would suggest a potential upside of 8.92% from the company’s previous close.

According to Zacks, “Colony Starwood Homes is an owners and operators of single-family rental homes primarily in the United States. The company acquires, renovates, leases, maintains and manages single-family homes. Colony Starwood Homes, formerly known as Starwood Waypoint Residential Trust, is based in the United States. “

SFR has been the topic of a number of other research reports. FBR & Co reiterated an “outperform” rating on shares of Colony Starwood Homes in a research report on Friday, September 23rd. JPMorgan Chase & Co. initiated coverage on Colony Starwood Homes in a research report on Monday, September 26th. They set an “overweight” rating and a $35.00 price target on the stock. Finally, Keefe, Bruyette & Woods upgraded Colony Starwood Homes from a “market perform” rating to an “outperform” rating and set a $35.00 price target on the stock in a research report on Monday, October 17th. One analyst has rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Colony Starwood Homes currently has an average rating of “Buy” and a consensus price target of $33.00.

Analyst Recommendations for Colony Starwood Homes (NYSE:SFR)

Colony Starwood Homes (NYSE:SFR) opened at 29.38 on Thursday. Colony Starwood Homes has a 52 week low of $19.54 and a 52 week high of $33.09. The stock has a 50 day moving average price of $28.68 and a 200-day moving average price of $29.34. The firm’s market capitalization is $2.98 billion.

Colony Starwood Homes (NYSE:SFR) last issued its quarterly earnings data on Monday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.40 by $0.03. Colony Starwood Homes had a negative return on equity of 4.36% and a negative net margin of 20.35%. The company had revenue of $146.10 million for the quarter, compared to the consensus estimate of $39.24 million. Analysts anticipate that Colony Starwood Homes will post $1.66 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be paid a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, December 28th. This represents a $0.88 dividend on an annualized basis and a dividend yield of 3.00%. Colony Starwood Homes’s dividend payout ratio (DPR) is currently -59.86%.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. A.R.T. Advisors LLC bought a new position in shares of Colony Starwood Homes during the first quarter worth about $793,000. Legal & General Group Plc bought a new position in shares of Colony Starwood Homes during the first quarter worth about $2,396,000. Nuveen Asset Management LLC bought a new position in shares of Colony Starwood Homes during the first quarter worth about $5,671,000. HBK Investments L P bought a new position in shares of Colony Starwood Homes during the first quarter worth about $608,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Colony Starwood Homes during the first quarter worth about $1,708,000. 41.94% of the stock is currently owned by hedge funds and other institutional investors.

About Colony Starwood Homes

Colony Starwood Homes, formerly Starwood Waypoint Residential Trust, is a real estate investment trust (REIT). The Company operates through two segments: single-family rental (SFRs), which includes the business activities associated with its investments in residential properties, and non-performing residential mortgage loans (NPLs), which includes the business activities associated with its investments in NPLs.

5 Day Chart for NYSE:SFR

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