Jane Street Group LLC acquired a new position in shares of Colony Starwood Homes (NYSE:SFR) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 37,909 shares of the financial services provider’s stock, valued at approximately $1,287,000.
Other institutional investors have also made changes to their positions in the company. Suntrust Banks Inc. increased its position in Colony Starwood Homes by 0.8% in the first quarter. Suntrust Banks Inc. now owns 7,951 shares of the financial services provider’s stock worth $269,000 after buying an additional 63 shares during the period. Fifth Third Bancorp raised its position in shares of Colony Starwood Homes by 0.4% in the first quarter. Fifth Third Bancorp now owns 27,043 shares of the financial services provider’s stock worth $918,000 after buying an additional 114 shares in the last quarter. Stephens Inc. AR raised its position in shares of Colony Starwood Homes by 0.6% in the first quarter. Stephens Inc. AR now owns 41,581 shares of the financial services provider’s stock worth $1,412,000 after buying an additional 268 shares in the last quarter. Prudential Financial Inc. increased its stake in Colony Starwood Homes by 5.4% in the first quarter. Prudential Financial Inc. now owns 9,102 shares of the financial services provider’s stock valued at $309,000 after buying an additional 470 shares during the period. Finally, Credit Agricole S A boosted its position in shares of Colony Starwood Homes by 3.2% in the fourth quarter. Credit Agricole S A now owns 37,658 shares of the financial services provider’s stock valued at $1,085,000 after buying an additional 1,153 shares in the last quarter. Institutional investors and hedge funds own 93.48% of the company’s stock.
Shares of Colony Starwood Homes (NYSE:SFR) traded up 0.85% on Wednesday, hitting $34.33. 724,218 shares of the stock were exchanged. The firm’s market cap is $3.49 billion. The firm’s 50 day moving average price is $34.52 and its 200 day moving average price is $32.71. Colony Starwood Homes has a one year low of $26.74 and a one year high of $35.76.
Colony Starwood Homes (NYSE:SFR) last posted its quarterly earnings results on Monday, May 8th. The financial services provider reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.46 by $0.02. The business had revenue of $151.04 million for the quarter, compared to analysts’ expectations of $147.46 million. Colony Starwood Homes had a negative return on equity of 1.32% and a negative net margin of 8.24%. Equities analysts anticipate that Colony Starwood Homes will post $0.02 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be given a dividend of $0.22 per share. The ex-dividend date of this dividend is Wednesday, June 28th. This represents a $0.88 annualized dividend and a dividend yield of 2.59%. Colony Starwood Homes’s payout ratio is -187.23%.
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SFR has been the topic of a number of recent analyst reports. Zacks Investment Research lowered shares of Colony Starwood Homes from a “buy” rating to a “hold” rating in a research note on Friday, May 12th. Wood & Company assumed coverage on shares of Colony Starwood Homes in a research report on Monday. They issued an “outperform” rating and a $38.00 price objective for the company. Evercore ISI assumed coverage on shares of Colony Starwood Homes in a report on Monday, June 5th. They issued an “in-line” rating and a $37.00 price objective on the stock. Raymond James Financial, Inc. started coverage on shares of Colony Starwood Homes in a research note on Tuesday. They issued an “outperform” rating and a $38.00 target price on the stock. Finally, Deutsche Bank AG started coverage on Colony Starwood Homes in a research report on Monday, April 24th. They set a “buy” rating and a $40.00 price objective on the stock. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have assigned a buy rating to the company. Colony Starwood Homes has a consensus rating of “Buy” and an average price target of $36.33.
In other news, Director Thomas Barrack, Jr. sold 3,897,220 shares of the company’s 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. 4.95% of the stock is owned by insiders.
About Colony Starwood Homes
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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