Colony Starwood Homes (NYSE:SFR) Earns Outperform Rating from Analysts at Raymond James Financial, Inc.

Raymond James Financial, Inc. started coverage on shares of Colony Starwood Homes (NYSE:SFR) in a research note released on Tuesday, July 11th, Marketbeat.com reports. The firm issued an outperform rating and a $38.00 target price on the financial services provider’s stock.

Several other equities analysts have also issued reports on the company. Wood & Company began coverage on Colony Starwood Homes in a research note on Monday, July 10th. They set an outperform rating and a $38.00 price target on the stock. Zacks Investment Research lowered Colony Starwood Homes from a hold rating to a sell rating in a research note on Wednesday, July 5th. FBR & Co upped their price target on Colony Starwood Homes from $38.00 to $39.00 and gave the company an outperform rating in a research note on Tuesday, June 13th. Evercore ISI began coverage on Colony Starwood Homes in a research note on Monday, June 5th. They set an in-line rating and a $37.00 price target on the stock. Finally, Deutsche Bank AG began coverage on Colony Starwood Homes in a research note on Monday, April 24th. They set a buy rating and a $40.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of Hold and an average price target of $36.62.

Shares of Colony Starwood Homes (NYSE SFR) traded up 0.68% during midday trading on Tuesday, reaching $35.59. 4,363,896 shares of the company’s stock traded hands. The firm’s market capitalization is $3.61 billion. The stock’s 50 day moving average price is $34.55 and its 200 day moving average price is $33.81. Colony Starwood Homes has a 52-week low of $26.74 and a 52-week high of $35.99.

Colony Starwood Homes (NYSE:SFR) last announced its earnings results on Wednesday, August 9th. The financial services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.44 by $0.01. Colony Starwood Homes had a negative return on equity of 0.86% and a negative net margin of 5.65%. The company had revenue of $154.40 million for the quarter, compared to analysts’ expectations of $153.39 million. The company’s revenue was up 7.4% compared to the same quarter last year. On average, equities research analysts anticipate that Colony Starwood Homes will post ($0.03) EPS for the current fiscal year.

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In other Colony Starwood Homes news, Director Thomas Barrack, Jr. sold 3,897,220 shares of the stock in a transaction dated Friday, June 9th. The stock was sold at an average price of $34.69, for a total value of $135,194,561.80. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 4.95% of the company’s stock.

Several large investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in Colony Starwood Homes by 28.3% in the second quarter. Vanguard Group Inc. now owns 19,334,329 shares of the financial services provider’s stock worth $663,362,000 after buying an additional 4,265,140 shares in the last quarter. BlackRock Inc. raised its stake in Colony Starwood Homes by 46.2% in the second quarter. BlackRock Inc. now owns 9,993,145 shares of the financial services provider’s stock worth $342,866,000 after buying an additional 3,156,076 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Colony Starwood Homes by 18.8% in the second quarter. Bank of New York Mellon Corp now owns 6,835,426 shares of the financial services provider’s stock worth $234,522,000 after buying an additional 1,083,801 shares in the last quarter. Principal Financial Group Inc. raised its stake in Colony Starwood Homes by 24.8% in the second quarter. Principal Financial Group Inc. now owns 6,494,215 shares of the financial services provider’s stock worth $222,816,000 after buying an additional 1,288,650 shares in the last quarter. Finally, Janus Capital Management LLC raised its stake in Colony Starwood Homes by 7.5% in the first quarter. Janus Capital Management LLC now owns 3,741,787 shares of the financial services provider’s stock worth $127,027,000 after buying an additional 261,475 shares in the last quarter. 86.29% of the stock is currently owned by institutional investors.

About Colony Starwood Homes

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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