The UBS Asset Management Americas Inc. invests in Colony Starwood Homes (SFR) Shares

The UBS Asset Management Americas Inc. invests in Colony Starwood Homes (SFR) Shares

UBS Asset Management Americas Inc. increased its stake in Colony Starwood Homes (NYSE:SFR) by 11.8% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 78,432 shares of the company’s stock after buying an additional 8,299 shares during the period. UBS Asset Management Americas Inc. owned 0.08% of Colony Starwood Homes worth $2,386,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mizuho Trust & Banking Co. Ltd. raised its stake in shares of Colony Starwood Homes by 3.7% in the second quarter. Mizuho Trust & Banking Co. Ltd. now owns 7,289 shares of the company’s stock valued at $222,000 after buying an additional 259 shares during the period. Quadrature Capital Ltd acquired a new position in shares of Colony Starwood Homes during the first quarter worth $239,000. William Harris Investors Inc. acquired a new position in shares of Colony Starwood Homes during the first quarter worth $263,000. KBC Group NV increased its position in shares of Colony Starwood Homes by 26.6% in the second quarter. KBC Group NV now owns 19,068 shares of the company’s stock worth $580,000 after buying an additional 4,005 shares in the last quarter. Finally, Cutler Group LP acquired a new position in shares of Colony Starwood Homes during the first quarter worth $533,000. Institutional investors and hedge funds own 42.20% of the company’s stock.

Shares of Colony Starwood Homes (NYSE:SFR) traded down 1.55% during midday trading on Friday, hitting $27.92. 1,088,523 shares of the company traded hands. Colony Starwood Homes has a 52 week low of $19.54 and a 52 week high of $33.09. The company has a 50-day moving average price of $30.21 and a 200-day moving average price of $28.70. The stock’s market capitalization is $2.83 billion.

Colony Starwood Homes (NYSE:SFR) last issued its quarterly earnings results on Monday, August 8th. The company reported $0.39 EPS for the quarter, beating the consensus estimate of $0.38 by $0.01. The company had revenue of $143.80 million for the quarter, compared to the consensus estimate of $141.07 million. Colony Starwood Homes had a negative net margin of 23.21% and a negative return on equity of 5.28%. Analysts anticipate that Colony Starwood Homes will post $1.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Saturday, October 15th. Investors of record on Friday, September 30th will be issued a dividend of $0.22 per share. The ex-dividend date is Wednesday, September 28th. This represents a $0.88 annualized dividend and a yield of 3.15%. Colony Starwood Homes’s payout ratio is -53.33%.

A number of equities analysts have weighed in on SFR shares. FBR & Co raised their target price on shares of Colony Starwood Homes from $36.00 to $37.00 and gave the company an “outperform” rating in a research note on Wednesday, August 10th. Keefe, Bruyette & Woods downgraded shares of Colony Starwood Homes from an “outperform” rating to a “market perform” rating and raised their target price for the company from $30.00 to $32.00 in a research note on Tuesday, July 19th. JPMorgan Chase & Co. started coverage on shares of Colony Starwood Homes in a research note on Monday, September 26th. They set an “overweight” rating and a $35.00 target price for the company. Nomura reaffirmed a “buy” rating and set a $33.00 target price (up previously from $29.00) on shares of Colony Starwood Homes in a research note on Monday, June 20th. Finally, JMP Securities reaffirmed an “outperform” rating and set a $34.00 target price (up previously from $29.00) on shares of Colony Starwood Homes in a research note on Tuesday, June 14th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and five have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $31.75.

About Colony Starwood Homes

Colony Starwood Homes, formerly Starwood Waypoint Residential Trust, is a real estate investment trust (REIT). The Company operates through two segments: single-family rental (SFRs), which includes the business activities associated with its investments in residential properties, and non-performing residential mortgage loans (NPLs), which includes the business activities associated with its investments in NPLs.

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