Wall Street analysts forecast that Colony Starwood Homes (NYSE:SFR) will report earnings per share (EPS) of $0.43 for the current fiscal quarter, according to Zacks. Three analysts have made estimates for Colony Starwood Homes’ earnings. Colony Starwood Homes posted earnings per share of $0.39 in the same quarter last year, which indicates a positive year-over-year growth rate of 10.3%. The business is expected to report its next earnings results on Monday, August 14th.
On average, analysts expect that Colony Starwood Homes will report full year earnings of $1.79 per share for the current fiscal year. For the next financial year, analysts expect that the company will report earnings of $2.01 per share. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Colony Starwood Homes.
Colony Starwood Homes (NYSE:SFR) last issued its earnings results on Monday, May 8th. The financial services provider reported $0.48 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.02. The business had revenue of $151.04 million for the quarter, compared to the consensus estimate of $147.46 million. Colony Starwood Homes had a negative net margin of 8.24% and a negative return on equity of 1.32%.
Several brokerages have weighed in on SFR. FBR & Co raised their price objective on Colony Starwood Homes from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Tuesday, June 13th. Evercore ISI began coverage on Colony Starwood Homes in a research note on Monday, June 5th. They set an “in-line” rating and a $37.00 price objective on the stock. Zacks Investment Research cut Colony Starwood Homes from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. Deutsche Bank AG began coverage on Colony Starwood Homes in a research note on Monday, April 24th. They set a “buy” rating and a $40.00 price objective on the stock. Finally, Wood & Company began coverage on Colony Starwood Homes in a research note on Monday, April 24th. They set a “buy” rating and a $40.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $36.36.
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Shares of Colony Starwood Homes (SFR) traded up 1.19% during trading on Tuesday, reaching $34.72. 630,399 shares of the company were exchanged. The firm’s 50 day moving average price is $34.52 and its 200 day moving average price is $32.71. The company’s market capitalization is $3.52 billion. Colony Starwood Homes has a one year low of $26.74 and a one year high of $35.76.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Stockholders of record on Friday, June 30th will be paid a dividend of $0.22 per share. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.53%. The ex-dividend date is Wednesday, June 28th. Colony Starwood Homes’s payout ratio is -187.23%.
In other news, Director Thomas Barrack, Jr. sold 3,897,220 shares of Colony Starwood Homes stock in a transaction on Friday, June 9th. The stock was sold at an average price of $34.69, for a total transaction of $135,194,561.80. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 4.95% of the company’s stock.
Several large investors have recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Colony Starwood Homes by 5.6% in the fourth quarter. State Street Corp now owns 1,836,638 shares of the financial services provider’s stock worth $52,910,000 after buying an additional 97,303 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its stake in Colony Starwood Homes by 8.0% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 19,938 shares of the financial services provider’s stock worth $574,000 after buying an additional 1,478 shares during the last quarter. Credit Agricole S A boosted its stake in Colony Starwood Homes by 3.2% in the fourth quarter. Credit Agricole S A now owns 37,658 shares of the financial services provider’s stock worth $1,085,000 after buying an additional 1,153 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in Colony Starwood Homes by 782.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 32,155 shares of the financial services provider’s stock worth $926,000 after buying an additional 28,512 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new stake in Colony Starwood Homes during the fourth quarter worth approximately $218,000. Institutional investors own 93.48% of the company’s stock.
About Colony Starwood Homes
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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