Halsey Associates Inc. CT purchased a new position in shares of Colony Starwood Homes (NYSE:SFR) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 240,253 shares of the financial services provider’s stock, valued at approximately $8,738,000. Colony Starwood Homes accounts for 1.7% of Halsey Associates Inc. CT’s investment portfolio, making the stock its 24th largest holding. Halsey Associates Inc. CT owned 0.19% of Colony Starwood Homes as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also modified their holdings of the company. Vanguard Group Inc. lifted its holdings 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 purchasing an additional 4,265,140 shares during the period. BlackRock Inc. lifted its holdings 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 purchasing an additional 3,156,076 shares during the period. Principal Financial Group Inc. lifted its holdings 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 purchasing an additional 1,822,881 shares during the period. Bank of New York Mellon Corp lifted its holdings in shares of Colony Starwood Homes by 6.0% during the third quarter. Bank of New York Mellon Corp now owns 7,244,355 shares of the financial services provider’s stock worth $263,478,000 after purchasing an additional 408,929 shares during the period. Finally, Janus Henderson Group PLC acquired a new position in shares of Colony Starwood Homes during the second quarter worth $131,146,000.
SFR has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Colony Starwood Homes from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a report on Thursday, September 28th. Mizuho reissued a “neutral” rating and set a $35.00 target price (down previously from $41.00) on shares of Colony Starwood Homes in a research note on Friday, August 11th. B. Riley set a $39.00 target price on shares of Colony Starwood Homes and gave the stock a “buy” rating in a research note on Wednesday, November 15th. Finally, ValuEngine downgraded shares of Colony Starwood Homes from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Six investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $37.33.
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Shares of Colony Starwood Homes (NYSE SFR) traded down $0.80 during midday trading on Monday, reaching $37.13. 18,736,900 shares of the company were exchanged, compared to its average volume of 1,432,933. Colony Starwood Homes has a fifty-two week low of $28.10 and a fifty-two week high of $38.58. The company has a market capitalization of $4,770.00, a P/E 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 (NYSE:SFR) last posted its quarterly earnings results on Wednesday, November 8th. The financial services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $169.70 million during the quarter, compared to the consensus estimate of $163.69 million. The firm’s quarterly revenue was up 16.2% compared to the same quarter last year. analysts anticipate that Colony Starwood Homes will post 1.83 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 24th were paid a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.19%. The ex-dividend date of this dividend was Monday, October 23rd. Colony Starwood Homes’s dividend payout ratio (DPR) is currently -314.29%.
Colony Starwood Homes Company 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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