American International Group Inc. increased its stake in shares of Colony Starwood Homes (NYSE:SFR) by 35.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,734 shares of the financial services provider’s stock after acquiring an additional 22,003 shares during the period. American International Group Inc. owned about 0.07% of Colony Starwood Homes worth $3,082,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in SFR. Vanguard Group Inc. grew its position in shares of Colony Starwood Homes by 28.3% in the second quarter. Vanguard Group Inc. now owns 19,334,329 shares of the financial services provider’s stock valued at $663,362,000 after purchasing an additional 4,265,140 shares during the last quarter. BlackRock Inc. grew its position in shares of Colony Starwood Homes by 46.2% in the second quarter. BlackRock Inc. now owns 9,993,145 shares of the financial services provider’s stock valued at $342,866,000 after purchasing an additional 3,156,076 shares during the last quarter. Principal Financial Group Inc. grew its position in shares of Colony Starwood Homes by 28.1% in the third quarter. Principal Financial Group Inc. now owns 8,317,096 shares of the financial services provider’s stock valued at $302,492,000 after purchasing an additional 1,822,881 shares during the last quarter. Bank of New York Mellon Corp grew its position in shares of Colony Starwood Homes by 6.0% in the third quarter. Bank of New York Mellon Corp now owns 7,244,355 shares of the financial services provider’s stock valued at $263,478,000 after purchasing an additional 408,929 shares during the last quarter. Finally, Janus Henderson Group PLC acquired a new position in shares of Colony Starwood Homes in the second quarter valued at approximately $131,146,000.
Shares of Colony Starwood Homes (SFR) traded down $0.80 during mid-day trading on Friday, hitting $37.13. The company had a trading volume of 18,736,900 shares, compared to its average volume of 1,432,933. The company has a current ratio of 2.18, a quick ratio of 2.62 and a debt-to-equity ratio of 1.17. The company has a market capitalization 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 has a fifty-two week low of $28.10 and a fifty-two week high of $38.58.
Colony Starwood Homes (NYSE:SFR) last issued its quarterly earnings results on Wednesday, November 8th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $169.70 million during the quarter, compared to the consensus estimate of $163.69 million. Colony Starwood Homes had a negative net margin of 7.41% and a negative return on equity of 1.07%. The company’s quarterly revenue was up 16.2% compared to the same quarter last year. equities research analysts predict that Colony Starwood Homes will post 1.83 earnings per share for the current fiscal year.
Several equities analysts have recently commented on SFR shares. ValuEngine downgraded Colony Starwood Homes from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Zacks Investment Research downgraded Colony Starwood Homes from a “buy” rating to a “hold” rating in a research report on Tuesday, October 24th. Mizuho reaffirmed a “neutral” rating and issued a $35.00 target price (down previously from $41.00) on shares of Colony Starwood Homes in a research report on Friday, August 11th. Finally, B. Riley set a $39.00 target price on Colony Starwood Homes and gave the company a “buy” rating in a research report on Wednesday, November 15th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $37.73.
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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.
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