Analysts Set Colony Starwood Homes (SFR) Target Price at $32.50
Colony Starwood Homes (NYSE:SFR) has been given an average rating of “Buy” by the nine brokerages that are covering the firm. Three research analysts have rated the stock with a hold rating and six have issued a buy rating on the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $32.50.
A number of research analysts have recently issued reports on SFR shares. FBR & Co boosted their target price on Colony Starwood Homes from $36.00 to $37.00 and gave the company an “outperform” rating in a report on Wednesday, August 10th. Zacks Investment Research lowered Colony Starwood Homes from a “hold” rating to a “sell” rating in a report on Thursday, August 11th. JPMorgan Chase & Co. assumed coverage on Colony Starwood Homes in a research note on Monday, September 26th. They issued an “overweight” rating and a $35.00 price target on the stock. 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 note on Monday, October 17th. Finally, Wood & Company downgraded Colony Starwood Homes from a “buy” rating to a “neutral” rating and decreased their price target for the company from $38.00 to $33.00 in a research note on Tuesday, November 22nd.
Hedge funds have recently bought and sold shares of the company. Royal Bank of Canada increased its stake in Colony Starwood Homes by 574.5% in the second quarter. Royal Bank of Canada now owns 3,460 shares of the company’s stock worth $105,000 after buying an additional 2,947 shares during the last quarter. Advisors Asset Management Inc. purchased a new stake in Colony Starwood Homes during the third quarter worth approximately $151,000. BNP Paribas Arbitrage SA increased its stake in Colony Starwood Homes by 121.9% in the third quarter. BNP Paribas Arbitrage SA now owns 5,697 shares of the company’s stock worth $164,000 after buying an additional 3,130 shares during the last quarter. Teacher Retirement System of Texas increased its stake in Colony Starwood Homes by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,749 shares of the company’s stock worth $175,000 after buying an additional 694 shares during the last quarter. Finally, AMP Capital Investors Ltd purchased a new stake in Colony Starwood Homes during the third quarter worth approximately $206,000. Institutional investors own 44.10% of the company’s stock.
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Shares of Colony Starwood Homes (NYSE:SFR) opened at 30.55 on Monday. The firm has a 50 day moving average price of $28.99 and a 200-day moving average price of $29.83. Colony Starwood Homes has a 52 week low of $19.54 and a 52 week high of $33.09. The firm’s market capitalization is $3.10 billion.
Colony Starwood Homes (NYSE:SFR) last released its earnings results on Monday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.03. The business had revenue of $146.10 million for the quarter, compared to analyst estimates of $39.24 million. Colony Starwood Homes had a negative return on equity of 4.36% and a negative net margin of 20.35%. Equities research analysts predict that Colony Starwood Homes will post $1.67 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Shareholders of record on Friday, December 30th will be given 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 yield of 2.88%. Colony Starwood Homes’s payout ratio is -59.86%.
Colony Starwood Homes Company Profile
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.
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