Highlander Capital Management LLC cut its position in Colony Starwood Homes (NYSE:SFR) by 12.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,310 shares of the financial services provider’s stock after selling 6,330 shares during the period. Colony Starwood Homes accounts for approximately 1.3% of Highlander Capital Management LLC’s investment portfolio, making the stock its 10th biggest holding. Highlander Capital Management LLC’s holdings in Colony Starwood Homes were worth $1,648,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in SFR. Vanguard Group Inc. lifted its position in Colony Starwood Homes by 28.3% in the 2nd quarter. Vanguard Group Inc. now owns 19,334,329 shares of the financial services provider’s stock valued at $663,362,000 after acquiring an additional 4,265,140 shares in the last quarter. Janus Henderson Group PLC bought a new position in Colony Starwood Homes in the 2nd quarter valued at about $131,146,000. BlackRock Inc. lifted its position in Colony Starwood Homes by 46.2% in the 2nd quarter. BlackRock Inc. now owns 9,993,145 shares of the financial services provider’s stock valued at $342,866,000 after acquiring an additional 3,156,076 shares in the last quarter. Principal Financial Group Inc. lifted its position in Colony Starwood Homes by 28.1% in the 3rd quarter. Principal Financial Group Inc. now owns 8,317,096 shares of the financial services provider’s stock valued at $302,492,000 after acquiring an additional 1,822,881 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. bought a new position in Colony Starwood Homes in the 3rd quarter valued at about $45,290,000.
Colony Starwood Homes (NYSE:SFR) traded down $0.80 during trading on Tuesday, hitting $37.13. 18,736,900 shares of the company’s stock traded hands, compared to its average volume of 1,432,933. Colony Starwood Homes has a 1 year low of $28.10 and a 1 year high of $38.58. The company has a debt-to-equity ratio of 1.17, a quick ratio of 2.62 and a current ratio of 2.18. The company has a market cap of $4,770.00, a PE ratio of 20.50, a P/E/G ratio of 4.04 and a beta of 0.77.
Colony Starwood Homes (NYSE:SFR) last posted its earnings results on Wednesday, November 8th. The financial services provider reported $0.45 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). Colony Starwood Homes had a negative return on equity of 1.07% and a negative net margin of 7.41%. The firm had revenue of $169.70 million for the quarter, compared to the consensus estimate of $163.69 million. Colony Starwood Homes’s quarterly revenue was up 16.2% on a year-over-year basis. sell-side analysts expect that Colony Starwood Homes will post 1.83 EPS for the current fiscal year.
Several equities analysts recently weighed in on the stock. B. Riley set a $39.00 price target on shares of Colony Starwood Homes and gave the company a “buy” rating in a research report on Wednesday, November 15th. ValuEngine raised shares of Colony Starwood Homes from a “hold” rating to a “buy” rating in a research report on Friday, November 10th. Finally, Zacks Investment Research cut shares of Colony Starwood Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Buy” and an average price target of $37.73.
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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