BNP Paribas Arbitrage SA Sells 22,857 Shares of Colony Starwood Homes (SFR)
BNP Paribas Arbitrage SA lowered its stake in shares of Colony Starwood Homes (NYSE:SFR) by 29.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 54,439 shares of the financial services provider’s stock after selling 22,857 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Colony Starwood Homes were worth $1,980,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. increased its position in shares of Colony Starwood Homes by 28.1% during the 3rd 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. IndexIQ Advisors LLC bought a new position in shares of Colony Starwood Homes during the 3rd quarter valued at approximately $2,016,000. GABELLI & Co INVESTMENT ADVISERS INC. bought a new position in shares of Colony Starwood Homes during the 3rd quarter valued at approximately $1,134,000. Stevens Capital Management LP bought a new position in shares of Colony Starwood Homes during the 3rd quarter valued at approximately $3,370,000. Finally, Forsta AP Fonden bought a new position in shares of Colony Starwood Homes during the 3rd quarter valued at approximately $2,142,000.
Shares of Colony Starwood Homes (NYSE SFR) traded down $0.80 during trading on Friday, reaching $37.13. The company’s stock had a trading volume of 18,736,900 shares, compared to its average volume of 1,432,933. The company has a market cap of $4,770.00, a P/E ratio of 20.50, a PEG ratio of 4.04 and a beta of 0.77. The company has a quick ratio of 2.62, a current ratio of 2.18 and a debt-to-equity ratio of 1.17. Colony Starwood Homes has a 12 month low of $28.10 and a 12 month high of $38.58.
Colony Starwood Homes (NYSE:SFR) last announced its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.45 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 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 firm’s revenue was up 16.2% on a year-over-year basis. equities analysts anticipate that Colony Starwood Homes will post 1.83 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, November 7th. Shareholders of record on Tuesday, October 24th were given a $0.11 dividend. This represents a $0.44 annualized dividend and a yield of 1.19%. The ex-dividend date was Monday, October 23rd. Colony Starwood Homes’s dividend payout ratio (DPR) is presently -314.29%.
Several research firms have recently weighed in on SFR. ValuEngine raised Colony Starwood Homes from a “hold” rating to a “buy” rating in a research report on Wednesday, September 6th. Zacks Investment Research raised Colony Starwood Homes from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. B. Riley reissued a “buy” rating and set a $39.00 target price on shares of Colony Starwood Homes in a research report on Thursday, November 9th. Finally, Mizuho reissued a “neutral” rating and set a $35.00 target price (down previously from $41.00) on shares of Colony Starwood Homes in a research report on Friday, August 11th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $37.73.
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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