Colony Starwood Homes (SFR) Releases FY17 Earnings Guidance

Colony Starwood Homes (NYSE:SFR) updated its FY17 earnings guidance on Wednesday. The company provided EPS guidance of $1.85-1.90 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.82.

Several brokerages recently issued reports on SFR. 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 Thursday, May 11th. FBR & Co upped their price target on Colony Starwood Homes from $38.00 to $39.00 and gave the stock an outperform rating in a report on Tuesday, June 13th. Citigroup Inc. began coverage on Colony Starwood Homes in a report on Thursday, July 20th. They set a buy rating and a $40.00 price target for the company. Wood & Company began coverage on Colony Starwood Homes in a report on Monday, April 24th. They set a buy rating and a $40.00 price target for the company. Finally, Mizuho reissued a neutral rating and issued a $35.00 price objective (down previously from $41.00) on shares of Colony Starwood Homes in a research report on Friday, August 11th. Six analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The company currently has a consensus rating of Buy and a consensus price target of $36.62.

Shares of Colony Starwood Homes (NYSE:SFR) traded down 0.84% on Friday, hitting $37.60. The stock had a trading volume of 1,554,301 shares. The stock’s market cap is $3.82 billion. The stock has a 50 day moving average of $35.02 and a 200-day moving average of $34.11. Colony Starwood Homes has a 12 month low of $26.74 and a 12 month high of $37.94.

Colony Starwood Homes (NYSE:SFR) last issued its quarterly earnings data on Wednesday, August 9th. The financial services provider reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The company had revenue of $154.40 million during the quarter, compared to analyst estimates of $153.39 million. Colony Starwood Homes had a negative return on equity of 0.81% and a negative net margin of 5.65%. The business’s revenue was up 7.4% compared to the same quarter last year. Equities research analysts anticipate that Colony Starwood Homes will post ($0.12) EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $0.88 annualized dividend and a yield of 2.34%. Colony Starwood Homes’s dividend payout ratio (DPR) is presently -266.67%.

In related news, Director Thomas Barrack, Jr. sold 3,897,220 shares of Colony Starwood Homes stock in a transaction on Friday, June 9th. The stock was sold at an average price of $34.69, for a total transaction of $135,194,561.80. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 4.95% of the stock is currently owned by insiders.

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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.

Earnings History and Estimates for Colony Starwood Homes (NYSE:SFR)

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