Bank of New York Mellon Corp Has $263.48 Million Stake in Colony Starwood Homes (SFR)

Bank of New York Mellon Corp lifted its position in Colony Starwood Homes (NYSE:SFR) by 6.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 7,244,355 shares of the financial services provider’s stock after purchasing an additional 408,929 shares during the period. Bank of New York Mellon Corp owned about 5.65% of Colony Starwood Homes worth $263,478,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Colony Starwood Homes by 28.3% during the second quarter. Vanguard Group Inc. now owns 19,334,329 shares of the financial services provider’s stock worth $663,362,000 after acquiring an additional 4,265,140 shares during the last quarter. BlackRock Inc. boosted its position in shares of Colony Starwood Homes by 46.2% during the second quarter. BlackRock Inc. now owns 9,993,145 shares of the financial services provider’s stock worth $342,866,000 after acquiring an additional 3,156,076 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Colony Starwood Homes by 28.1% during the third quarter. Principal Financial Group Inc. now owns 8,317,096 shares of the financial services provider’s stock worth $302,492,000 after acquiring an additional 1,822,881 shares during the last quarter. Janus Henderson Group PLC bought a new position in shares of Colony Starwood Homes during the second quarter worth $131,146,000. Finally, State Street Corp boosted its position in shares of Colony Starwood Homes by 41.0% during the second quarter. State Street Corp now owns 3,601,116 shares of the financial services provider’s stock worth $123,557,000 after acquiring an additional 1,046,466 shares during the last quarter.

Colony Starwood Homes (SFR) remained flat at $$37.13 during trading on Friday. The stock has a market capitalization of $4,770.00, a PE ratio of 20.50, a PEG ratio of 4.04 and a beta of 0.77. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.18 and a quick ratio of 2.62. Colony Starwood Homes has a 12-month low of $28.10 and a 12-month high of $38.58.

Colony Starwood Homes (NYSE:SFR) last released its earnings results on Wednesday, November 8th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). The firm had revenue of $169.70 million during the quarter, compared to the consensus estimate of $163.69 million. Colony Starwood Homes had a negative return on equity of 1.07% and a negative net margin of 7.41%. The business’s revenue was up 16.2% on a year-over-year basis. research analysts forecast that Colony Starwood Homes will post 1.83 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, November 7th. Stockholders of record on Tuesday, October 24th were issued a $0.11 dividend. The ex-dividend date of this dividend was Monday, October 23rd. This represents a $0.44 annualized dividend and a dividend yield of 1.19%. Colony Starwood Homes’s dividend payout ratio (DPR) is presently -314.29%.

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A number of brokerages recently weighed in on SFR. B. Riley set a $39.00 target price on shares of Colony Starwood Homes and gave the stock a “buy” rating in a research report on Wednesday. ValuEngine upgraded shares of Colony Starwood Homes from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Zacks Investment Research lowered shares of Colony Starwood Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Finally, Mizuho reiterated a “neutral” rating and set a $35.00 price objective (down previously from $41.00) on shares of Colony Starwood Homes in a research report on Friday, August 11th. Six investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Colony Starwood Homes has an average rating of “Buy” and an average price target of $37.33.

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.

Institutional Ownership by Quarter for Colony Starwood Homes (NYSE:SFR)

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