Colony Starwood Homes (SFR) Lowered to Hold at Zacks Investment Research

Colony Starwood Homes (NYSE:SFR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Tuesday, October 24th.

According to Zacks, “Starwood Waypoint Homes is a real estate investment trust. The company is an owners and operators of single-family rental homes primarily in the United States. It acquires, renovates, leases, maintains and manages single-family homes. Starwood Waypoint Homes, formerly known as Colony Starwood Homes, is based in the United States. “

Several other analysts have also recently commented on SFR. ValuEngine cut shares of Colony Starwood Homes from a “buy” rating to a “hold” rating in a research note on Monday, October 2nd. Mizuho reiterated a “neutral” rating and issued a $35.00 target price (down from $41.00) on shares of Colony Starwood Homes in a research note on Friday, August 11th. Raymond James Financial, Inc. started coverage on shares of Colony Starwood Homes in a research note on Tuesday, July 11th. They issued an “outperform” rating and a $38.00 target price for the company. Wood & Company initiated coverage on shares of Colony Starwood Homes in a research note on Monday, July 10th. They issued an “outperform” rating and a $38.00 target price for the company. Finally, Citigroup Inc. initiated coverage on shares of Colony Starwood Homes in a report on Thursday, July 20th. They issued a “buy” rating and a $40.00 price target for the company. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $37.18.

Shares of Colony Starwood Homes (NYSE:SFR) opened at $38.30 on Tuesday. The firm has a market cap of $4,824.86, a P/E ratio of 20.32, a price-to-earnings-growth ratio of 4.00 and a beta of 0.89. Colony Starwood Homes has a 12-month low of $28.10 and a 12-month high of $38.56. The company has a debt-to-equity ratio of 1.12, a quick ratio of 2.62 and a current ratio of 2.62.

Colony Starwood Homes (NYSE:SFR) last released its 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 return on equity of 1.11% and a negative net margin of 7.41%. The company had revenue of $169.70 million for the quarter, compared to analysts’ expectations of $163.69 million. Colony Starwood Homes’s revenue was up 16.2% on a year-over-year basis. equities analysts expect that Colony Starwood Homes will post 1.83 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Wells Fargo & Company MN lifted its position in Colony Starwood Homes by 4.4% in the third quarter. Wells Fargo & Company MN now owns 481,293 shares of the financial services provider’s stock valued at $17,505,000 after buying an additional 20,338 shares during the last quarter. Amalgamated Bank lifted its position in shares of Colony Starwood Homes by 27.7% during the third quarter. Amalgamated Bank now owns 15,923 shares of the financial services provider’s stock worth $579,000 after purchasing an additional 3,454 shares in the last quarter. Schroder Investment Management Group lifted its position in shares of Colony Starwood Homes by 5.5% during the third quarter. Schroder Investment Management Group now owns 745,802 shares of the financial services provider’s stock worth $27,125,000 after purchasing an additional 39,073 shares in the last quarter. Virginia Retirement Systems ET AL acquired a new stake in shares of Colony Starwood Homes during the third quarter worth about $2,426,000. Finally, Legal & General Group Plc lifted its position in shares of Colony Starwood Homes by 25.9% during the third quarter. Legal & General Group Plc now owns 355,003 shares of the financial services provider’s stock worth $12,910,000 after purchasing an additional 72,936 shares in the last quarter.

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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Analyst Recommendations for Colony Starwood Homes (NYSE:SFR)

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