Latest Stocks: Colony Starwood Homes (SFR) Stock Rating Lowered by Zacks Investment Research

Latest Stocks: Colony Starwood Homes (SFR) Stock Rating Lowered by Zacks Investment Research

Colony Starwood Homes (NYSE:SFR) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued to investors on Friday, May 12th.

According to Zacks, “Colony Starwood Homes is an owners and operators of single-family rental homes primarily in the United States. The company acquires, renovates, leases, maintains and manages single-family homes. Colony Starwood Homes, formerly known as Starwood Waypoint Residential Trust, is based in the United States. “

SFR has been the subject of several other research reports. Credit Suisse Group AG started coverage on shares of Colony Starwood Homes in a research note on Monday, February 27th. They issued a “neutral” rating and a $34.00 price objective for the company. Deutsche Bank AG started coverage on shares of Colony Starwood Homes in a research note on Monday, April 24th. They issued a “buy” rating and a $40.00 price objective for the company. Mizuho started coverage on shares of Colony Starwood Homes in a research note on Thursday, February 9th. They issued a “buy” rating and a $35.00 price objective for the company. FBR & Co set a $38.00 price objective on shares of Colony Starwood Homes and gave the stock a “buy” rating in a research note on Monday, March 6th. Finally, Wood & Company started coverage on shares of Colony Starwood Homes in a research note on Monday, April 24th. They issued a “buy” rating and a $40.00 price objective for the company. Five investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and an average price target of $36.08.

Colony Starwood Homes (SFR) opened at 35.25 on Friday. Colony Starwood Homes has a 52-week low of $26.74 and a 52-week high of $35.76. The firm’s 50-day moving average price is $34.33 and its 200-day moving average price is $32.17. The company’s market cap is $3.58 billion. Colony Starwood Homes (NYSE:SFR) last announced its quarterly earnings data on Monday, May 8th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.46 by $0.02. The business had revenue of $151.04 million during the quarter, compared to the consensus estimate of $147.46 million. Colony Starwood Homes had a negative net margin of 20.35% and a negative return on equity of 4.36%. On average, equities analysts anticipate that Colony Starwood Homes will post ($0.02) EPS for the current year.

In other news, CFO Arik Prawer sold 5,000 shares of Colony Starwood Homes stock in a transaction that occurred on Monday, March 20th. The shares were sold at an average price of $33.82, for a total transaction of $169,100.00. Following the completion of the sale, the chief financial officer now owns 80,958 shares of the company’s stock, valued at $2,737,999.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Justin M. Iannacone sold 4,164 shares of Colony Starwood Homes stock in a transaction that occurred on Friday, March 17th. The shares were sold at an average price of $34.08, for a total transaction of $141,909.12. Following the sale, the executive vice president now directly owns 143,680 shares of the company’s stock, valued at approximately $4,896,614.40. The disclosure for this sale can be found here. Insiders have sold 15,664 shares of company stock valued at $533,309 in the last ninety days. Insiders own 36.80% of the company’s stock. A number of institutional investors have recently modified their holdings of the stock. Highbridge Capital Management LLC acquired a new position in shares of Colony Starwood Homes during the third quarter valued at about $1,866,000. Lazard Asset Management LLC raised its position in shares of Colony Starwood Homes by 19.8% in the third quarter. Lazard Asset Management LLC now owns 43,956 shares of the financial services provider’s stock valued at $1,261,000 after buying an additional 7,279 shares during the last quarter. Davidson Investment Advisors raised its position in shares of Colony Starwood Homes by 3.6% in the third quarter. Davidson Investment Advisors now owns 187,885 shares of the financial services provider’s stock valued at $5,389,000 after buying an additional 6,501 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in shares of Colony Starwood Homes by 31.3% in the third quarter. Nomura Asset Management Co. Ltd. now owns 31,080 shares of the financial services provider’s stock valued at $892,000 after buying an additional 7,410 shares during the last quarter. Finally, Pacer Advisors Inc. acquired a new position in shares of Colony Starwood Homes during the third quarter valued at about $299,000. 46.62% of the stock is currently owned by institutional investors.

Get a free copy of the Zacks research report on Colony Starwood Homes (SFR) For more information about research offerings from Zacks Investment Research, visit Zacks.com

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