Nuveen Asset Management LLC raised its position in Colony Starwood Homes (NYSE:SFR) by 212.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 405,434 shares of the financial services provider’s stock after buying an additional 275,704 shares during the period. Nuveen Asset Management LLC owned about 0.40% of Colony Starwood Homes worth $13,764,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in SFR. PNC Financial Services Group Inc. increased its position 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 worth $117,000 after buying 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 worth $170,000 after buying an additional 1,238 shares during the last quarter. Oppenheimer Asset Management Inc. bought a new stake in Colony Starwood Homes during the first quarter worth about $179,000. American Financial Group Inc. bought a new stake in Colony Starwood Homes during the first quarter worth about $204,000. Finally, Ameritas Investment Partners Inc. bought a new stake in Colony Starwood Homes during the first quarter worth about $207,000. 93.53% of the stock is owned by hedge funds and other institutional investors.
Colony Starwood Homes (NYSE SFR) traded down 0.43% on Friday, reaching $34.95. The company had a trading volume of 471,657 shares. The company’s market capitalization is $3.55 billion. The company’s 50 day moving average price is $34.65 and its 200-day moving average price is $33.50. Colony Starwood Homes has a 12 month low of $26.74 and a 12 month high of $35.76.
Colony Starwood Homes (NYSE:SFR) last issued its quarterly earnings results on Monday, May 8th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.46 by $0.02. Colony Starwood Homes had a negative return on equity of 1.32% and a negative net margin of 8.24%. The business had revenue of $151.04 million for the quarter, compared to analyst estimates of $147.46 million. On average, equities analysts predict that Colony Starwood Homes will post ($0.01) earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Friday, July 14th. Shareholders of record on Friday, June 30th were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a yield of 2.52%. The ex-dividend date of this dividend was Wednesday, June 28th. Colony Starwood Homes’s payout ratio is -187.23%.
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A number of equities research analysts have issued reports on SFR shares. Citigroup Inc. started coverage on Colony Starwood Homes in a research note on Thursday, July 20th. They issued a “buy” rating and a $40.00 target price on the stock. Zacks Investment Research upgraded Colony Starwood Homes from a “hold” rating to a “buy” rating and set a $37.00 target price on the stock in a research note on Thursday, May 11th. Deutsche Bank AG assumed coverage on shares of 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. Wood & Company assumed coverage on shares of 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, Evercore ISI assumed coverage on shares of 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. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $36.62.
In other Colony Starwood Homes news, Director Thomas Barrack, Jr. sold 3,897,220 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $34.69, for a total value of $135,194,561.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.95% 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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