Westpac Banking Corp Has $10.35 Million Position in Colony Starwood Homes (SFR)
Westpac Banking Corp boosted its position in shares of Colony Starwood Homes (NYSE:SFR) by 37.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 301,634 shares of the financial services provider’s stock after buying an additional 82,970 shares during the period. Westpac Banking Corp owned 0.30% of Colony Starwood Homes worth $10,349,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently made changes to their positions in SFR. PNC Financial Services Group Inc. increased its stake in shares of 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 worth $117,000 after buying an additional 1,298 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of 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 during the period. Oppenheimer Asset Management Inc. bought a new stake in shares of Colony Starwood Homes during the first quarter valued at approximately $179,000. American Financial Group Inc. bought a new stake in shares of Colony Starwood Homes during the first quarter valued at approximately $204,000. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Colony Starwood Homes during the first quarter valued at approximately $207,000.
Shares of Colony Starwood Homes (NYSE SFR) opened at 37.37 on Friday. Colony Starwood Homes has a one year low of $26.74 and a one year high of $37.94. The firm’s market capitalization is $3.79 billion. The firm’s 50-day moving average is $35.79 and its 200 day moving average is $34.50.
Colony Starwood Homes (NYSE:SFR) last issued its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Colony Starwood Homes had a negative return on equity of 0.81% and a negative net margin of 5.65%. The firm had revenue of $154.40 million for the quarter, compared to analyst estimates of $153.39 million. Colony Starwood Homes’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts predict that Colony Starwood Homes will post ($0.12) earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.35%. The ex-dividend date of this dividend is Thursday, September 28th. Colony Starwood Homes’s dividend payout ratio (DPR) is presently -266.67%.
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SFR has been the topic of several research analyst reports. Zacks Investment Research downgraded shares of Colony Starwood Homes from a “hold” rating to a “sell” rating in a report on Wednesday, July 5th. FBR & Co raised their target price on shares of Colony Starwood Homes from $38.00 to $39.00 and gave the stock an “outperform” rating in a report on Tuesday, June 13th. Citigroup Inc. initiated coverage on shares of Colony Starwood Homes in a report on Thursday, July 20th. They set a “buy” rating and a $40.00 target price on the stock. Raymond James Financial, Inc. initiated coverage on shares of Colony Starwood Homes in a report on Tuesday, July 11th. They set an “outperform” rating and a $38.00 target price on the stock. Finally, Wood & Company initiated coverage on shares of Colony Starwood Homes in a report on Monday, July 10th. They set an “outperform” rating and a $38.00 target price on the stock. Six research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $36.62.
In other Colony Starwood Homes 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 value of $135,194,561.80. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 4.95% of the stock is currently owned by insiders.
Colony Starwood 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.
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