Investors sold shares of Colony Starwood Homes (NYSE:SFR) on strength during trading hours on Friday. $9.64 million flowed into the stock on the tick-up and $122.05 million flowed out of the stock on the tick-down, for a money net flow of $112.41 million out of the stock. Of all stocks tracked, Colony Starwood Homes had the 0th highest net out-flow for the day. Colony Starwood Homes traded up $0.29 for the day and closed at $36.13
A number of research analysts recently commented on SFR shares. FBR & Co upped their price target on shares of Colony Starwood Homes from $38.00 to $39.00 and gave the company an “outperform” rating in a research note on Tuesday, June 13th. Zacks Investment Research lowered shares of Colony Starwood Homes from a “hold” rating to a “sell” rating in a research note on Wednesday, July 5th. Raymond James Financial, Inc. started coverage on shares of Colony Starwood Homes in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $38.00 price target on the stock. Evercore ISI started coverage on shares of Colony Starwood Homes in a research note on Monday, June 5th. They issued an “in-line” rating and a $37.00 price target on the stock. Finally, Wood & Company started coverage on shares of Colony Starwood Homes in a research note on Monday, July 10th. They issued an “outperform” rating and a $38.00 price target on the stock. Six research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $36.62.
The firm has a 50 day moving average price of $36.12 and a 200 day moving average price of $34.76. The stock’s market capitalization is $3.67 billion.
Colony Starwood Homes (NYSE:SFR) last posted its earnings results on Wednesday, August 9th. The financial services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.01. The firm had revenue of $154.40 million during the quarter, compared to the consensus estimate of $153.39 million. Colony Starwood Homes had a negative net margin of 5.65% and a negative return on equity of 0.81%. The company’s revenue was up 7.4% compared to the same quarter last year. On average, analysts forecast that Colony Starwood Homes will post ($0.12) earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be paid a $0.22 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.44%. Colony Starwood Homes’s payout ratio is -266.67%.
Large investors have recently modified their holdings of the stock. PNC Financial Services Group Inc. grew its stake in Colony Starwood Homes by 59.6% during the first quarter. PNC Financial Services Group Inc. now owns 3,475 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 1,298 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Colony Starwood Homes by 32.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,013 shares of the financial services provider’s stock valued at $170,000 after acquiring an additional 1,238 shares in the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Colony Starwood Homes during the first quarter valued at approximately $179,000. Ameritas Investment Partners Inc. purchased a new position in Colony Starwood Homes during the first quarter valued at approximately $207,000. Finally, Teacher Retirement System of Texas purchased a new position in Colony Starwood Homes during the first quarter valued at approximately $258,000.
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Colony Starwood 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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