AMP Capital Investors Ltd decreased its stake in Colony Starwood Homes (NYSE:SFR) by 3.7% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,204,717 shares of the financial services provider’s stock after selling 85,122 shares during the quarter. AMP Capital Investors Ltd owned approximately 1.72% of Colony Starwood Homes worth $80,187,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently modified their holdings of the company. Bank of Montreal Can purchased a new position in Colony Starwood Homes during the second quarter worth approximately $497,000. Great West Life Assurance Co. Can boosted its position in Colony Starwood Homes by 23.6% during the second quarter. Great West Life Assurance Co. Can now owns 70,936 shares of the financial services provider’s stock worth $2,433,000 after purchasing an additional 13,523 shares in the last quarter. State of New Jersey Common Pension Fund D boosted its position in Colony Starwood Homes by 3.7% during the second quarter. State of New Jersey Common Pension Fund D now owns 278,000 shares of the financial services provider’s stock worth $9,538,000 after purchasing an additional 10,000 shares in the last quarter. Sei Investments Co. boosted its position in Colony Starwood Homes by 13.5% during the second quarter. Sei Investments Co. now owns 246,895 shares of the financial services provider’s stock worth $8,470,000 after purchasing an additional 29,418 shares in the last quarter. Finally, HGI Capital Management LLC boosted its position in Colony Starwood Homes by 39.9% during the second quarter. HGI Capital Management LLC now owns 146,305 shares of the financial services provider’s stock worth $5,020,000 after purchasing an additional 41,732 shares in the last quarter.
SFR has been the topic of a number of recent analyst reports. ValuEngine downgraded Colony Starwood Homes from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded Colony Starwood Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Mizuho reiterated a “neutral” rating and set a $35.00 price target (down previously from $41.00) on shares of Colony Starwood Homes in a research report on Friday, August 11th. Finally, B. Riley set a $39.00 price target on Colony Starwood Homes and gave the stock a “buy” rating in a research report on Wednesday, November 15th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $37.73.
Colony Starwood Homes (NYSE:SFR) last announced its earnings results on Wednesday, November 8th. The financial services provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Colony Starwood Homes had a negative net margin of 7.41% and a negative return on equity of 1.07%. The firm had revenue of $169.70 million for the quarter, compared to analyst estimates of $163.69 million. Colony Starwood Homes’s quarterly revenue was up 16.2% compared to the same quarter last year. equities analysts forecast that Colony Starwood Homes will post 1.83 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 24th were issued a dividend of $0.11 per share. The ex-dividend date was Monday, October 23rd. This represents a $0.44 dividend on an annualized basis and a dividend yield of 1.19%. Colony Starwood Homes’s payout ratio is currently -314.29%.
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Colony Starwood Homes 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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