Sei Investments Co. increased its position in shares of Colony Starwood Homes (NYSE:SFR) by 13.5% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 246,895 shares of the financial services provider’s stock after buying an additional 29,418 shares during the period. Sei Investments Co. owned about 0.22% of Colony Starwood Homes worth $8,470,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. PNC Financial Services Group Inc. increased its position in shares of 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 during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of 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 period. Oppenheimer Asset Management Inc. bought a new position in shares of Colony Starwood Homes during the first quarter worth about $179,000. American Financial Group Inc. bought a new position in shares of Colony Starwood Homes during the first quarter worth about $204,000. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Colony Starwood Homes during the first quarter worth about $207,000. Institutional investors own 86.29% of the company’s stock.
Colony Starwood Homes (SFR) opened at 35.59 on Friday. The company’s market capitalization is $3.61 billion. Colony Starwood Homes has a 1-year low of $26.74 and a 1-year high of $35.99. The firm has a 50-day moving average price of $34.57 and a 200 day moving average price of $33.85.
Colony Starwood Homes (NYSE:SFR) last posted its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. The business had revenue of $154.40 million during the quarter, compared to analysts’ expectations of $153.39 million. Colony Starwood Homes had a negative return on equity of 0.81% and a negative net margin of 5.65%. Colony Starwood Homes’s revenue for the quarter was up 7.4% compared to the same quarter last year. On average, equities analysts predict that Colony Starwood Homes will post ($0.03) EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.22 dividend. This represents a $0.88 dividend on an annualized basis and a dividend yield of 2.47%. The ex-dividend date is Thursday, September 28th. Colony Starwood Homes’s dividend payout ratio (DPR) is presently -266.67%.
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SFR has been the subject of a number of recent research reports. Citigroup Inc. initiated coverage on Colony Starwood Homes in a research note on Thursday, July 20th. They set a “buy” rating and a $40.00 price objective for the company. Zacks Investment Research upgraded Colony Starwood Homes from a “hold” rating to a “buy” rating and set a $37.00 price objective for the company in a research note on Thursday, May 11th. Deutsche Bank AG initiated coverage on Colony Starwood Homes in a research note on Monday, April 24th. They set a “buy” rating and a $40.00 price objective for the company. Wood & Company initiated coverage on Colony Starwood Homes in a research note on Monday, April 24th. They set a “buy” rating and a $40.00 price objective for the company. Finally, Evercore ISI initiated 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 for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $36.62.
In other news, Director Thomas Barrack, Jr. sold 3,897,220 shares of the business’s stock in a transaction that occurred on 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. 4.95% of the stock is owned by insiders.
About Colony Starwood Homes
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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