Colony Starwood Homes (SFR) EVP Sells $141,909.12 in Stock
Colony Starwood Homes (NYSE:SFR) EVP Justin M. Iannacone sold 4,164 shares of the firm’s stock in a transaction dated Friday, March 17th. The shares were sold at an average price of $34.08, for a total value of $141,909.12. Following the completion of the transaction, the executive vice president now owns 143,680 shares of the company’s stock, valued at approximately $4,896,614.40. The sale was disclosed in a document filed with the SEC, which is available through this link.
Colony Starwood Homes (NYSE:SFR) traded down 0.03% during trading on Monday, reaching $33.92. The company had a trading volume of 973,852 shares. The company’s market capitalization is $3.44 billion. The company has a 50-day moving average price of $32.45 and a 200 day moving average price of $30.17. Colony Starwood Homes has a one year low of $23.92 and a one year high of $34.51.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 14th. Stockholders of record on Friday, March 31st will be given a dividend of $0.22 per share. This represents a $0.88 annualized dividend and a dividend yield of 2.59%. The ex-dividend date of this dividend is Wednesday, March 29th. Colony Starwood Homes’s dividend payout ratio (DPR) is currently -59.86%.
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SFR has been the subject of several analyst reports. Wood & Company cut Colony Starwood Homes from a “buy” rating to a “neutral” rating and decreased their price objective for the company from $38.00 to $33.00 in a report on Tuesday, November 22nd. FBR & Co set a $38.00 price target on Colony Starwood Homes and gave the stock a “buy” rating in a report on Monday, March 6th. Nomura cut Colony Starwood Homes from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $38.00 to $33.00 in a report on Tuesday, November 22nd. Zacks Investment Research upgraded Colony Starwood Homes from a “hold” rating to a “buy” rating and set a $37.00 price target for the company in a report on Friday, March 3rd. Finally, Instinet reiterated a “neutral” rating and set a $35.00 price target (up previously from $33.00) on shares of Colony Starwood Homes in a report on Monday, March 13th. Six investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus target price of $34.27.
Several hedge funds have recently bought and sold shares of the stock. Royal Bank of Canada boosted its stake in Colony Starwood Homes by 574.5% in the second quarter. Royal Bank of Canada now owns 3,460 shares of the company’s stock valued at $105,000 after buying an additional 2,947 shares during the period. Advisors Asset Management Inc. bought a new stake in Colony Starwood Homes during the third quarter valued at $151,000. Gideon Capital Advisors Inc. bought a new stake in Colony Starwood Homes during the fourth quarter valued at $201,000. GSA Capital Partners LLP bought a new stake in Colony Starwood Homes during the fourth quarter valued at $218,000. Finally, Quantbot Technologies LP bought a new stake in Colony Starwood Homes during the third quarter valued at $243,000. Hedge funds and other institutional investors own 46.62% of the company’s stock.
Colony Starwood Homes Company Profile
Colony Starwood Homes, formerly Starwood Waypoint Residential Trust, 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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