Colony Starwood Homes (SFR) Shares Bought by Alliancebernstein L.P.
Alliancebernstein L.P. raised its stake in Colony Starwood Homes (NYSE:SFR) by 6.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 216,632 shares of the financial services provider’s stock after acquiring an additional 13,478 shares during the period. Alliancebernstein L.P. owned 0.21% of Colony Starwood Homes worth $7,433,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in SFR. PNC Financial Services Group Inc. boosted 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 acquiring an additional 1,298 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted 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 acquiring an additional 1,238 shares in the last quarter. Oppenheimer Asset Management Inc. acquired a new position in Colony Starwood Homes in the first quarter valued at $179,000. Ameritas Investment Partners Inc. acquired a new position in Colony Starwood Homes in the first quarter valued at $207,000. Finally, Teacher Retirement System of Texas acquired a new position in Colony Starwood Homes in the first quarter valued at $258,000.
Several equities analysts have issued reports on the stock. Zacks Investment Research upgraded shares of Colony Starwood Homes from a “hold” rating to a “buy” rating and set a $40.00 price objective for the company in a research note on Thursday. ValuEngine upgraded shares of Colony Starwood Homes from a “hold” rating to a “buy” rating in a research note on Wednesday, September 6th. Mizuho restated a “neutral” rating and issued a $35.00 price objective (down previously from $41.00) on shares of Colony Starwood Homes in a research note on Friday, August 11th. Citigroup Inc. assumed coverage on shares of Colony Starwood Homes in a research note on Thursday, July 20th. They issued a “buy” rating and a $40.00 price objective for the company. Finally, Raymond James Financial, Inc. assumed coverage on shares of Colony Starwood Homes in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $38.00 price objective for the company. Five analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $37.00.
Shares of Colony Starwood Homes (NYSE:SFR) opened at 36.44 on Thursday. Colony Starwood Homes has a one year low of $26.74 and a one year high of $37.94. The stock has a 50 day moving average of $36.22 and a 200-day moving average of $34.83. The stock’s market capitalization is $3.70 billion.
Colony Starwood Homes (NYSE:SFR) last posted its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.45 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.44 by $0.01. Colony Starwood Homes had a negative net margin of 5.65% and a negative return on equity of 0.81%. The business had revenue of $154.40 million during the quarter, compared to analyst estimates of $153.39 million. Colony Starwood Homes’s revenue for the quarter was up 7.4% compared to the same quarter last year. Equities analysts predict that Colony Starwood Homes will post ($0.12) earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be issued a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.41%. The ex-dividend date is Thursday, September 28th. Colony Starwood Homes’s dividend payout ratio (DPR) is presently -266.67%.
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Colony Starwood Homes 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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