Schroder Investment Management Group Has $27.13 Million Position in Colony Starwood Homes (SFR)
Schroder Investment Management Group lifted its position in Colony Starwood Homes (NYSE:SFR) by 5.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 745,802 shares of the financial services provider’s stock after purchasing an additional 39,073 shares during the quarter. Schroder Investment Management Group owned about 0.58% of Colony Starwood Homes worth $27,125,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. Virginia Retirement Systems ET AL purchased a new stake in shares of Colony Starwood Homes in the third quarter valued at about $2,426,000. Legal & General Group Plc boosted its stake in Colony Starwood Homes by 25.9% during the third quarter. Legal & General Group Plc now owns 355,003 shares of the financial services provider’s stock worth $12,910,000 after buying an additional 72,936 shares during the period. Great West Life Assurance Co. Can boosted its stake in Colony Starwood Homes by 9.2% during the third quarter. Great West Life Assurance Co. Can now owns 77,474 shares of the financial services provider’s stock worth $2,780,000 after buying an additional 6,538 shares during the period. Amica Pension Fund Board of Trustees purchased a new position in Colony Starwood Homes during the third quarter worth about $1,335,000. Finally, Amica Mutual Insurance Co. purchased a new position in Colony Starwood Homes during the third quarter worth about $1,567,000.
Shares of Colony Starwood Homes (NYSE SFR) traded down $0.80 during mid-day trading on Monday, reaching $37.13. 18,736,900 shares of the company’s stock traded hands, compared to its average volume of 1,432,933. The company has a current ratio of 2.18, a quick ratio of 2.62 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $4,770.00, a price-to-earnings ratio of 20.50, a PEG ratio of 4.04 and a beta of 0.77. Colony Starwood Homes has a one year low of $28.10 and a one year high of $38.58.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a dividend yield of 1.19%. The ex-dividend date of this dividend was Monday, October 23rd. Colony Starwood Homes’s payout ratio is -314.29%.
SFR has been the subject of several research analyst reports. ValuEngine raised shares of Colony Starwood Homes from a “hold” rating to a “buy” rating in a research note on Friday, November 10th. B. Riley set a $39.00 target price on shares of Colony Starwood Homes and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Zacks Investment Research raised shares of Colony Starwood Homes from a “hold” rating to a “buy” rating and set a $40.00 target price for the company in a research note on Thursday, September 28th. Finally, Mizuho reaffirmed a “neutral” rating and set a $35.00 target price (down previously from $41.00) on shares of Colony Starwood Homes in a research note on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $37.73.
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About Colony Starwood Homes
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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