Analysts Set Colony Starwood Homes (SFR) Target Price at $32.50
Colony Starwood Homes (NYSE:SFR) has earned an average recommendation of “Buy” from the nine ratings firms that are currently covering the stock. Three analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $32.50.
SFR has been the subject of several research reports. JPMorgan Chase & Co. initiated coverage on Colony Starwood Homes in a research note on Monday, September 26th. They set an “overweight” rating and a $35.00 price objective for the company. Wood & Company lowered Colony Starwood Homes from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $38.00 to $33.00 in a research note on Tuesday, November 22nd. Nomura lowered Colony Starwood Homes from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $38.00 to $33.00 in a research note on Tuesday, November 22nd. Zacks Investment Research raised Colony Starwood Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, September 14th. Finally, FBR & Co reissued an “outperform” rating on shares of Colony Starwood Homes in a research note on Friday, September 23rd.
ILLEGAL ACTIVITY NOTICE: “Analysts Set Colony Starwood Homes (SFR) Target Price at $32.50” was published by Financial Market News and is the propert of of Financial Market News. If you are viewing this news story on another site, it was stolen and reposted in violation of United States and international copyright and trademark legislation. The correct version of this news story can be accessed at http://www.financial-market-news.com/analysts-set-colony-starwood-homes-sfr-target-price-at-32-50/1211716/.
Shares of Colony Starwood Homes (NYSE:SFR) opened at 30.55 on Monday. The firm’s 50-day moving average price is $28.99 and its 200 day moving average price is $29.83. Colony Starwood Homes has a 52 week low of $19.54 and a 52 week high of $33.09. The firm’s market capitalization is $3.10 billion.
Colony Starwood Homes (NYSE:SFR) last issued its quarterly earnings results on Monday, November 7th. The company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.40 by $0.03. Colony Starwood Homes had a negative return on equity of 4.36% and a negative net margin of 20.35%. The company had revenue of $146.10 million for the quarter, compared to analysts’ expectations of $39.24 million. On average, analysts anticipate that Colony Starwood Homes will post $1.67 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be given a $0.22 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.88%. Colony Starwood Homes’s dividend payout ratio (DPR) is presently -59.86%.
Several hedge funds have recently modified their holdings of SFR. Royal Bank of Canada boosted its stake in shares of Colony Starwood Homes by 574.5% in the second quarter. Royal Bank of Canada now owns 3,460 shares of the company’s stock valued at $105,000 after buying an additional 2,947 shares during the period. Advisors Asset Management Inc. purchased a new stake in Colony Starwood Homes during the third quarter worth about $151,000. BNP Paribas Arbitrage SA boosted its stake in Colony Starwood Homes by 121.9% in the third quarter. BNP Paribas Arbitrage SA now owns 5,697 shares of the company’s stock worth $164,000 after buying an additional 3,130 shares during the last quarter. Teacher Retirement System of Texas boosted its stake in Colony Starwood Homes by 13.7% in the second quarter. Teacher Retirement System of Texas now owns 5,749 shares of the company’s stock worth $175,000 after buying an additional 694 shares during the last quarter. Finally, AMP Capital Investors Ltd purchased a new stake in Colony Starwood Homes during the third quarter worth about $206,000. 44.10% of the stock is owned by institutional investors and hedge funds.
Colony Starwood Homes Company Profile
Colony Starwood Homes, formerly Starwood Waypoint Residential Trust, is a real estate investment trust (REIT). The Company operates through two segments: single-family rental (SFRs), which includes the business activities associated with its investments in residential properties, and non-performing residential mortgage loans (NPLs), which includes the business activities associated with its investments in NPLs.
Receive News & Ratings for Colony Starwood Homes Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Colony Starwood Homes and related companies with MarketBeat.com's FREE daily email newsletter.