Economy

Colony Starwood Homes (SFR) Stake Increased by Loeb Partners Corp

The consensus rating is 1.8, indicating analysts in general look favorably on the company's future prospects. Citigroup Inc. began coverage on shares of Colony Starwood Homes in a research report on Thursday, July 20th. It has been assigned a low target price of $25 and a high target price of $46. Zacks Investment Research cut shares of Colony Starwood Homes from a buy rating to a hold rating in a research report on Friday, May 12th. FBR & Co upped their price objective on shares of Colony Starwood Homes from $38.00 to $39.00 and gave the company an "outperform" rating in a report on Tuesday, June 13th. Mizuho reaffirmed a "neutral" rating and set a $35.00 price objective on shares of Colony Starwood Homes in a report on Friday. Sell-side analyst recommendations point to a short term price target of $37.47 on the company shares. Finally, Wood & Company initiated coverage on shares of Colony Starwood Homes in a report on Monday, July 10th.

The average 12 month target price among brokers that have covered the stock in the previous year is $38.59. One investment analyst has rated the stock with a sell rating, four have given a hold rating and eight have issued a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $36.62.

Invitation Homes, created by private equity firm Blackstone Group in 2012, will merge with Starwood Waypoint Homes in a stock-for-stock "merger-of-equals" deal. 4,363,896 shares of the company's stock traded hands. The company's market cap is $3.59 billion. It opened the session with a $34.35 price tag, later ranging from $33.95 to $35.99, the range at which the stock has traded at throughout the day.

Over the past 50 days, Starwood Waypoint Homes stock's -1.97% off of the high and 5.52% removed from the low.

More news: Fresenius Medical Care Corporation (NYSE:FMS) Valuation According To Analysts

Colony Starwood Homes (NYSE:SFR) last issued its quarterly earnings results on Wednesday, August 9th. The business had revenue of $154.40 million for the quarter, compared to analysts' expectations of $153.39 million. The firm's revenue for the quarter was up 7.4% compared to the same quarter a year ago. If you are reading this report on another domain, it was copied illegally and reposted in violation of United States & worldwide copyright and trademark legislation. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and global copyright laws. The legal version of this news story can be viewed at https://www.com-unik.info/2017/08/11/raymond-james-financial-inc-begins-coverage-on-colony-starwood-homes-nysesfr-updated-updated-updated.html. For institutional shareholders who wish to sell a large number of shares of a certain stock, lower liquidity will force them to sell the stock slowly over a longer period of time, to avoid losses because of slippage. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 4.95% of the company's stock. Stephens Inc. AR raised its position in shares of Colony Starwood Homes by 0.6% in the first quarter.

As of the last earnings report the EPS was $-0.47 and is expected to be $-0.03 for the current year with 101,520,000 shares now outstanding. The dividend payment was $0.220 per share for the quarter or $0.88 annualized.

The current price is staying above the SMA lines which signify strength and is generally healthy/positive and may provide the momentum for driving the share price higher. Principal Financial Group Inc. raised its stake in Colony Starwood Homes by 24.8% in the second quarter.



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