Colony Starwood Homes Declares Quarterly Dividend of $0.22 (sfr)
Colony Starwood Homes (NYSE:sfr) declared a quarterly dividend on Tuesday, February 28th. Shareholders of record on Friday, March 31st will be paid a dividend of 0.22 per share by the financial services provider on Friday, April 14th. This represents a $0.88 annualized dividend and a yield of 2.54%. The ex-dividend date is Wednesday, March 29th.
Shares of Colony Starwood Homes (NYSE:SFR) traded up 0.03% on Thursday, reaching $34.70. The company’s stock had a trading volume of 557,998 shares. The stock’s market capitalization is $3.52 billion. Colony Starwood Homes has a 1-year low of $24.22 and a 1-year high of $35.15. The stock has a 50-day moving average of $34.03 and a 200 day moving average of $30.82.
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In other Colony Starwood Homes news, CFO Arik Prawer sold 5,000 shares of the stock in a transaction dated Monday, March 20th. The shares were sold at an average price of $33.82, for a total transaction of $169,100.00. Following the sale, the chief financial officer now directly owns 80,958 shares in the company, valued at $2,737,999.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Justin M. Iannacone sold 4,164 shares of the stock in a transaction dated Friday, March 17th. The stock was sold at an average price of $34.08, for a total transaction of $141,909.12. Following the sale, the executive vice president now owns 143,680 shares in the company, valued at $4,896,614.40. The disclosure for this sale can be found here. Insiders have sold 11,521,732 shares of company stock worth $374,480,519 over the last quarter. Corporate insiders own 36.80% of the company’s stock.
Several equities analysts recently commented on the stock. FBR & Co set a $38.00 price target on shares of Colony Starwood Homes and gave the company a “buy” rating in a research note on Monday, March 6th. Zacks Investment Research upgraded shares of Colony Starwood Homes from a “hold” rating to a “buy” rating and set a $37.00 price target on the stock in a research note on Friday, March 3rd. Instinet restated a “neutral” rating and issued a $35.00 price target (up from $33.00) on shares of Colony Starwood Homes in a research note on Monday, March 13th. Mizuho restated a “buy” rating and issued a $35.00 price target on shares of Colony Starwood Homes in a research note on Tuesday, February 28th. Finally, Credit Suisse Group AG assumed coverage on shares of Colony Starwood Homes in a research note on Monday, February 27th. They issued a “neutral” rating and a $34.00 price target on the stock. Six investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Colony Starwood Homes presently has a consensus rating of “Hold” and an average price target of $34.27.
Colony Starwood Homes Company Profile
Colony Starwood Homes, formerly Starwood Waypoint Residential Trust, 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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