Colony Starwood Homes (SFR) Downgraded by Zacks Investment Research

Colony Starwood Homes (NYSE:SFR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Friday, May 12th.

According to Zacks, “Colony Starwood Homes is an owners and operators of single-family rental homes primarily in the United States. The company acquires, renovates, leases, maintains and manages single-family homes. Colony Starwood Homes, formerly known as Starwood Waypoint Residential Trust, is based in the United States. “

A number of other equities analysts have also recently weighed in on SFR. Mizuho initiated coverage on Colony Starwood Homes in a report on Thursday, February 9th. They issued a “buy” rating and a $35.00 price target for the company. Credit Suisse Group initiated coverage on Colony Starwood Homes in a report on Monday, February 27th. They issued a “neutral” rating and a $34.00 price target for the company. FBR & Co set a $38.00 price target on Colony Starwood Homes and gave the stock a “buy” rating in a report on Monday, March 6th. Instinet reiterated a “neutral” rating and set a $35.00 price objective (up from $33.00) on shares of Colony Starwood Homes in a research note on Monday, March 13th. Finally, Wood & Company initiated coverage on Colony Starwood Homes in a research note on Monday, April 24th. They set a “buy” rating and a $40.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $36.36.

Analyst Recommendations for Colony Starwood Homes (NYSE:SFR)

Colony Starwood Homes (NYSE:SFR) traded up 0.17% during mid-day trading on Friday, hitting $35.00. The company had a trading volume of 3,122,689 shares. Colony Starwood Homes has a 12 month low of $26.74 and a 12 month high of $35.76. The company has a 50-day moving average price of $34.37 and a 200 day moving average price of $32.42. The firm’s market capitalization is $3.55 billion.

Colony Starwood Homes (NYSE:SFR) last released its quarterly earnings results on Monday, May 8th. The financial services provider reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.46 by $0.02. The company had revenue of $151.04 million during the quarter, compared to analysts’ expectations of $147.46 million. Colony Starwood Homes had a negative return on equity of 1.32% and a negative net margin of 8.24%. Equities analysts forecast that Colony Starwood Homes will post $0.02 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.22 per share. The ex-dividend date is Wednesday, June 28th. This represents a $0.88 annualized dividend and a yield of 2.51%. Colony Starwood Homes’s dividend payout ratio (DPR) is currently -187.23%.

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In other news, CFO Arik Prawer sold 5,000 shares of the company’s stock in a transaction that occurred on Monday, March 20th. The stock was sold at an average price of $33.82, for a total value of $169,100.00. Following the completion of the sale, the chief financial officer now directly owns 80,958 shares in the company, valued at $2,737,999.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Thomas Barrack, Jr. sold 3,897,220 shares of the company’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $34.69, for a total value of $135,194,561.80. The disclosure for this sale can be found here. 4.95% of the stock is currently owned by insiders.

Large investors have recently bought and sold shares of the stock. Highbridge Capital Management LLC bought a new stake in Colony Starwood Homes during the third quarter worth about $1,866,000. Lazard Asset Management LLC raised its stake in Colony Starwood Homes by 19.8% in the third quarter. Lazard Asset Management LLC now owns 43,956 shares of the financial services provider’s stock worth $1,261,000 after buying an additional 7,279 shares during the period. Davidson Investment Advisors raised its stake in Colony Starwood Homes by 3.6% in the third quarter. Davidson Investment Advisors now owns 187,885 shares of the financial services provider’s stock worth $5,389,000 after buying an additional 6,501 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Colony Starwood Homes by 31.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 31,080 shares of the financial services provider’s stock worth $892,000 after buying an additional 7,410 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in Colony Starwood Homes during the third quarter worth about $299,000. Institutional investors and hedge funds own 93.67% 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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