Starwood Waypoint Homes (SFR) Given a $39.00 Price Target at B. Riley
Starwood Waypoint Homes (NYSE:SFR) received a $39.00 price target from equities researchers at B. Riley in a research report issued to clients and investors on Wednesday. The brokerage presently has a “buy” rating on the financial services provider’s stock. B. Riley’s target price would indicate a potential upside of 2.82% from the company’s previous close.
SFR has been the topic of several other research reports. Citigroup Inc. started coverage on Starwood Waypoint Homes in a research note on Thursday, July 20th. They issued a “buy” rating and a $40.00 price target on the stock. Mizuho reiterated a “neutral” rating and issued a $35.00 price target (down previously from $41.00) on shares of Starwood Waypoint Homes in a research note on Friday, August 11th. Zacks Investment Research upgraded Starwood Waypoint Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Finally, ValuEngine upgraded Starwood Waypoint Homes from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Starwood Waypoint Homes presently has an average rating of “Buy” and an average price target of $37.33.
Starwood Waypoint Homes (SFR) opened at $37.93 on Wednesday. Starwood Waypoint Homes has a one year low of $28.10 and a one year high of $38.58. The firm has a market capitalization of $4,870.00, a P/E ratio of 20.70, a price-to-earnings-growth ratio of 4.08 and a beta of 0.77. The company has a debt-to-equity ratio of 1.12, a current ratio of 2.62 and a quick ratio of 2.62.
Starwood Waypoint Homes (NYSE:SFR) last released its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.46 by ($0.01). Starwood Waypoint Homes had a negative net margin of 7.41% and a negative return on equity of 1.11%. The business had revenue of $169.70 million during the quarter, compared to analyst estimates of $163.69 million. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year. equities research analysts predict that Starwood Waypoint Homes will post 1.83 EPS for the current year.
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Several large investors have recently bought and sold shares of SFR. Vanguard Group Inc. raised its position in shares of Starwood Waypoint Homes by 28.3% in the second quarter. Vanguard Group Inc. now owns 19,334,329 shares of the financial services provider’s stock worth $663,362,000 after buying an additional 4,265,140 shares in the last quarter. BlackRock Inc. increased its stake in Starwood Waypoint Homes by 46.2% in the second quarter. BlackRock Inc. now owns 9,993,145 shares of the financial services provider’s stock valued at $342,866,000 after acquiring an additional 3,156,076 shares during the last quarter. Principal Financial Group Inc. increased its stake in Starwood Waypoint Homes by 28.1% in the third quarter. Principal Financial Group Inc. now owns 8,317,096 shares of the financial services provider’s stock valued at $302,492,000 after acquiring an additional 1,822,881 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Starwood Waypoint Homes by 6.0% during the third quarter. Bank of New York Mellon Corp now owns 7,244,355 shares of the financial services provider’s stock valued at $263,478,000 after buying an additional 408,929 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new position in shares of Starwood Waypoint Homes during the second quarter valued at about $131,146,000.
Starwood Waypoint 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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