New York State Common Retirement Fund raised its position in Starwood Waypoint Homes (NYSE:SFR) by 2.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 121,007 shares of the financial services provider’s stock after purchasing an additional 3,000 shares during the quarter. New York State Common Retirement Fund owned about 0.09% of Starwood Waypoint Homes worth $4,401,000 as of its most recent SEC filing.
Other large investors have also recently bought and sold shares of the company. Westpac Banking Corp boosted its holdings in Starwood Waypoint Homes by 9.1% in the 3rd quarter. Westpac Banking Corp now owns 329,066 shares of the financial services provider’s stock valued at $11,968,000 after purchasing an additional 27,432 shares during the last quarter. Cornerstone Capital Management Holdings LLC. acquired a new position in Starwood Waypoint Homes in the 2nd quarter valued at about $1,654,000. Prudential Financial Inc. boosted its holdings in Starwood Waypoint Homes by 88.9% in the 2nd quarter. Prudential Financial Inc. now owns 17,198 shares of the financial services provider’s stock valued at $590,000 after purchasing an additional 8,096 shares during the last quarter. Citadel Advisors LLC boosted its holdings in Starwood Waypoint Homes by 25.7% in the 2nd quarter. Citadel Advisors LLC now owns 1,607,473 shares of the financial services provider’s stock valued at $55,152,000 after purchasing an additional 329,081 shares during the last quarter. Finally, Dupont Capital Management Corp boosted its holdings in Starwood Waypoint Homes by 265.1% in the 3rd quarter. Dupont Capital Management Corp now owns 35,948 shares of the financial services provider’s stock valued at $1,307,000 after purchasing an additional 26,102 shares during the last quarter.
Several brokerages have recently commented on SFR. ValuEngine upgraded shares of Starwood Waypoint Homes from a “hold” rating to a “buy” rating in a report on Friday, November 10th. B. Riley set a $39.00 price objective on shares of Starwood Waypoint Homes and gave the stock a “buy” rating in a report on Wednesday, November 15th. Finally, Zacks Investment Research lowered shares of Starwood Waypoint Homes from a “buy” rating to a “hold” rating in a report on Tuesday, October 24th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $37.73.
Starwood Waypoint Homes (NYSE:SFR) last issued its quarterly earnings data on Wednesday, November 8th. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). Starwood Waypoint Homes had a negative return on equity of 1.07% and a negative net margin of 7.41%. The company had revenue of $169.70 million during the quarter, compared to analyst estimates of $163.69 million. The business’s quarterly revenue was up 16.2% on a year-over-year basis. research analysts anticipate that Starwood Waypoint Homes will post 1.83 earnings per share for the current year.
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Starwood Waypoint Homes 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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