Colony Starwood Homes (NYSE:SFR) announced a quarterly dividend on Monday, October 16th, Wall Street Journal reports. Stockholders of record on Tuesday, October 24th will be given a dividend of 0.11 per share by the financial services provider on Tuesday, November 7th. This represents a $0.44 annualized dividend and a dividend yield of 1.19%. The ex-dividend date is Monday, October 23rd.
Colony Starwood Homes has a dividend payout ratio of 24.0% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Colony Starwood Homes to earn $2.02 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 21.8%.
Shares of Colony Starwood Homes (NYSE SFR) opened at 37.02 on Friday. The stock’s 50 day moving average is $36.38 and its 200 day moving average is $35.25. The firm’s market capitalization is $3.76 billion. Colony Starwood Homes has a 1-year low of $27.87 and a 1-year high of $37.94.
Colony Starwood Homes (NYSE:SFR) last issued its quarterly earnings results on Wednesday, August 9th. The financial services provider reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.01. The firm had revenue of $154.40 million during the quarter, compared to analysts’ expectations of $153.39 million. Colony Starwood Homes had a negative net margin of 5.65% and a negative return on equity of 0.81%. The business’s quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts predict that Colony Starwood Homes will post ($0.11) earnings per share for the current year.
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A number of analysts recently weighed in on the stock. ValuEngine cut shares of Colony Starwood Homes from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Zacks Investment Research upgraded shares of Colony Starwood Homes from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. 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 note on Friday, August 11th. Raymond James Financial, Inc. assumed coverage on shares of Colony Starwood Homes in a research note on Tuesday, July 11th. They set an “outperform” rating and a $38.00 price target for the company. Finally, Wood & Company assumed coverage on shares of Colony Starwood Homes in a research note on Monday, July 10th. They set an “outperform” rating and a $38.00 price target for the company. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $37.18.
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.