State Board of Administration of Florida Retirement System Has $1,287,000 Position in Colony Starwood Homes (SFR)
State Board of Administration of Florida Retirement System boosted its stake in shares of Colony Starwood Homes (NYSE:SFR) by 0.2% during the second quarter, Holdings Channel reports. The fund owned 42,300 shares of the company’s stock after buying an additional 76 shares during the period. State Board of Administration of Florida Retirement System’s holdings in Colony Starwood Homes were worth $1,287,000 at the end of the most recent quarter.
Several other hedge funds have also recently modified their holdings of the stock. BlackRock Institutional Trust Company N.A. purchased a new stake in shares of Colony Starwood Homes during the first quarter valued at $43,059,000. American Century Companies Inc. increased its stake in shares of Colony Starwood Homes by 67.4% in the second quarter. American Century Companies Inc. now owns 1,091,917 shares of the company’s stock valued at $33,216,000 after buying an additional 439,492 shares during the last quarter. BlackRock Fund Advisors purchased a new stake in shares of Colony Starwood Homes during the first quarter valued at $24,909,000. Burgundy Asset Management Ltd. purchased a new stake in shares of Colony Starwood Homes during the first quarter valued at $16,531,000. Finally, Emerald Acquisition Ltd. purchased a new stake in shares of Colony Starwood Homes during the second quarter valued at $13,557,000. 42.20% of the stock is currently owned by institutional investors and hedge funds.
Shares of Colony Starwood Homes (NYSE:SFR) traded up 0.56% during trading on Monday, reaching $30.45. 304,524 shares of the company’s stock were exchanged. The company’s 50-day moving average price is $31.58 and its 200 day moving average price is $27.95. The firm’s market capitalization is $3.09 billion. Colony Starwood Homes has a 52 week low of $19.54 and a 52 week high of $33.09.
Colony Starwood Homes (NYSE:SFR) last announced its earnings results on Monday, August 8th. The company reported $0.39 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.01. The firm earned $143.80 million during the quarter, compared to analyst estimates of $141.07 million. Colony Starwood Homes had a negative net margin of 23.21% and a negative return on equity of 5.28%. Analysts predict that Colony Starwood Homes will post $1.62 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Saturday, October 15th. Stockholders of record on Friday, September 30th will be given a dividend of $0.22 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.89%. Colony Starwood Homes’s dividend payout ratio (DPR) is -53.33%.
SFR has been the topic of several analyst reports. Nomura reaffirmed a “buy” rating and issued a $33.00 target price (up previously from $29.00) on shares of Colony Starwood Homes in a report on Monday, June 20th. Zacks Investment Research raised shares of Colony Starwood Homes from a “sell” rating to a “hold” rating in a report on Wednesday, September 14th. Keefe, Bruyette & Woods downgraded shares of Colony Starwood Homes from an “outperform” rating to a “market perform” rating and lifted their target price for the company from $30.00 to $32.00 in a report on Tuesday, July 19th. FBR & Co initiated coverage on shares of Colony Starwood Homes in a research note on Wednesday, July 13th. They issued an “outperform” rating and a $36.00 price objective for the company. Finally, JMP Securities reiterated an “outperform” rating and issued a $34.00 price objective (up previously from $29.00) on shares of Colony Starwood Homes in a research note on Tuesday, June 14th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $31.29.
About Colony Starwood Homes
Colony Starwood Homes, formerly Starwood Waypoint Residential Trust, is a real estate investment trust (REIT). The Company operates through two segments: single-family rental (SFRs), which includes the business activities associated with its investments in residential properties, and non-performing residential mortgage loans (NPLs), which includes the business activities associated with its investments in NPLs.
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