Nationwide Fund Advisors cut its holdings in shares of Starwood Waypoint Homes (NYSE:SFR) by 41.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 80,282 shares of the financial services provider’s stock after selling 55,871 shares during the period. Nationwide Fund Advisors owned approximately 0.08% of Starwood Waypoint Homes worth $2,920,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the company. Cornerstone Capital Management Holdings LLC. bought a new position in shares of Starwood Waypoint Homes in the second quarter valued at $1,654,000. Prudential Financial Inc. raised its stake in Starwood Waypoint Homes by 88.9% during the 2nd quarter. Prudential Financial Inc. now owns 17,198 shares of the financial services provider’s stock valued at $590,000 after purchasing an additional 8,096 shares during the period. Citadel Advisors LLC raised its stake in Starwood Waypoint Homes by 25.7% during the 2nd quarter. Citadel Advisors LLC now owns 1,607,473 shares of the financial services provider’s stock valued at $55,152,000 after purchasing an additional 329,081 shares during the period. GAM Holding AG raised its stake in Starwood Waypoint Homes by 35.1% during the 2nd quarter. GAM Holding AG now owns 52,418 shares of the financial services provider’s stock valued at $1,798,000 after purchasing an additional 13,626 shares during the period. Finally, Westpac Banking Corp raised its stake in Starwood Waypoint Homes by 37.9% during the 2nd quarter. Westpac Banking Corp now owns 301,634 shares of the financial services provider’s stock valued at $10,349,000 after purchasing an additional 82,970 shares during the period.
Starwood Waypoint Homes (NYSE SFR) remained flat at $$37.13 during trading hours on Thursday. Starwood Waypoint Homes has a 12-month low of $28.10 and a 12-month high of $38.58. The company has a debt-to-equity ratio of 1.17, a current ratio of 2.18 and a quick ratio of 2.62. The stock has a market capitalization of $4,770.00, a P/E ratio of -132.61, a price-to-earnings-growth ratio of 4.04 and a beta of 0.77.
Starwood Waypoint Homes (NYSE:SFR) last posted its quarterly earnings results on Wednesday, November 8th. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.46 by ($0.01). The business had revenue of $169.70 million during the quarter, compared to analyst estimates of $163.69 million. Starwood Waypoint Homes had a negative return on equity of 1.07% and a negative net margin of 7.41%. Starwood Waypoint Homes’s revenue was up 16.2% compared to the same quarter last year. equities analysts predict that Starwood Waypoint Homes will post 1.83 EPS for the current fiscal year.
Several equities analysts have recently commented on the stock. B. Riley set a $39.00 price target on shares of Starwood Waypoint Homes and gave the company a “buy” rating in a report on Wednesday, November 15th. ValuEngine upgraded shares of Starwood Waypoint Homes from a “hold” rating to a “buy” rating in a report on Friday, November 10th. Finally, Zacks Investment Research cut shares of Starwood Waypoint Homes from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $37.73.
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Starwood Waypoint 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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