Colony Starwood Homes (NYSE:SFR) Now Covered by Analysts at Citigroup Inc.
Citigroup Inc. assumed coverage on shares of Colony Starwood Homes (NYSE:SFR) in a research note released on Thursday, Marketbeat reports. The brokerage issued a buy rating and a $40.00 price target on the financial services provider’s stock.
A number of other equities analysts also recently issued reports on SFR. Wood & Company started coverage on Colony Starwood Homes in a research report on Monday, April 24th. They set a buy rating and a $40.00 price objective for the company. Deutsche Bank AG started coverage on Colony Starwood Homes in a research report on Monday, April 24th. They set a buy rating and a $40.00 price objective for the company. Zacks Investment Research upgraded Colony Starwood Homes from a hold rating to a buy rating and set a $37.00 price objective for the company in a research report on Thursday, May 11th. Evercore ISI started coverage on Colony Starwood Homes in a research report on Monday, June 5th. They set an in-line rating and a $37.00 price objective for the company. Finally, FBR & Co raised their price objective on Colony Starwood Homes from $38.00 to $39.00 and gave the stock an outperform rating in a research report on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and eight have assigned a buy rating to the stock. The stock has a consensus rating of Buy and an average price target of $36.62.
Shares of Colony Starwood Homes (NYSE:SFR) opened at 35.07 on Thursday. Colony Starwood Homes has a 52 week low of $26.74 and a 52 week high of $35.76. The stock has a 50 day moving average price of $34.66 and a 200-day moving average price of $33.27. The company’s market capitalization is $3.56 billion.
Colony Starwood Homes (NYSE:SFR) last issued its quarterly earnings data on Monday, May 8th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. Colony Starwood Homes had a negative return on equity of 1.32% and a negative net margin of 8.24%. The company had revenue of $151.04 million during the quarter, compared to the consensus estimate of $147.46 million. Equities research analysts expect that Colony Starwood Homes will post ($0.01) EPS for the current year.
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The firm also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were issued a $0.22 dividend. The ex-dividend date of this dividend was Wednesday, June 28th. This represents a $0.88 dividend on an annualized basis and a yield of 2.51%. Colony Starwood Homes’s payout ratio is currently -187.23%.
In other news, Director Thomas Barrack, Jr. sold 3,897,220 shares of the business’s stock in a transaction that occurred on Friday, June 9th. The stock was sold at an average price of $34.69, for a total transaction of $135,194,561.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 4.95% of the company’s stock.
Several large investors have recently added to or reduced their stakes in SFR. PNC Financial Services Group Inc. increased its stake in Colony Starwood Homes by 59.6% in the first quarter. PNC Financial Services Group Inc. now owns 3,475 shares of the financial services provider’s stock valued at $117,000 after buying an additional 1,298 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Colony Starwood Homes by 32.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,013 shares of the financial services provider’s stock valued at $170,000 after buying an additional 1,238 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new stake in Colony Starwood Homes during the first quarter valued at approximately $179,000. American Financial Group Inc. purchased a new stake in Colony Starwood Homes during the first quarter valued at approximately $204,000. Finally, Ameritas Investment Partners Inc. purchased a new stake in Colony Starwood Homes during the first quarter valued at approximately $207,000. Hedge funds and other institutional investors own 93.49% of the company’s stock.
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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