Published: Fri, August 11, 2017
Money | By Armando Alvarado

Colony Starwood Homes (NYSE:SFR) Shares Bought by HGI Capital Management LLC

Colony Starwood Homes (NYSE:SFR) Shares Bought by HGI Capital Management LLC

Ameriprise Financial Inc. now owns 380,788 shares of the financial services provider's stock valued at $13,064,000 after buying an additional 48,629 shares during the last quarter. Can increased its position in Colony Starwood Homes by 23.6% in the second quarter. Utah Retirement Systems now owns 16,092 shares of the company's stock worth $348,000 after buying an additional 3,392 shares in the last quarter. The company's revenue for the quarter was up 6.4% compared to the same quarter previous year. State Street Corp owned approximately 2.52% of Colony Starwood Homes worth $86,736,000 at the end of the most recent reporting period. RBC Capital Markets maintained the stock with "Buy" rating in Thursday, March 30 report. Finally, Prudential Financial Inc. boosted its stake in Colony Starwood Homes by 5.4% in the first quarter. Daiwa Securities Group Inc. now owns 3,577,356 shares of the financial services provider's stock worth $122,739,000 after buying an additional 730,682 shares during the last quarter. Teacher Retirement System of Texas now owns 8,012 shares of the financial services provider's stock valued at $275,000 after buying an additional 414 shares in the last quarter. Legal & General Group Plc now owns 128,191 shares of the financial services provider's stock worth $4,352,000 after buying an additional 10,029 shares during the last quarter.

Under the terms of the deal, each Starwood Waypoint Homes share will be converted into 1.614 Invitation Homes shares. The company's market capitalization is $6.77 billion. The stock has a 50 day moving average price of $21.44 and a 200-day moving average price of $21.45. Invitation Home Inc. has a one year low of $19.80 and a one year high of $22.43.

Colony Starwood Homes (NYSE:SFR) last issued its earnings results on Monday, May 8th.

In the last earnings report the EPS was $-0.47 and is projected to be $-0.03 for the current year with 101,520,000 shares now outstanding. The company had revenue of $242.22 million during the quarter, compared to analysts' expectations of $240.58 million. On average, equities research analysts forecast that Invitation Home Inc. will post ($0.09) EPS for the current year.

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Additionally the company recently announced a dividend for shareholders which was paid on Friday the 14th of July 2017. Investors of record on Tuesday, August 15th will be paid a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 1.54%. Colony Starwood Homes's payout ratio is presently -187.23%.

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INVH has been the subject of a number of analyst reports. Citigroup Inc. began coverage on Colony Starwood Homes in a research note on Thursday, July 20th. They set a "buy" rating and a $40.00 target price on the stock. Zelman & Associates raised Invitation Home from a "hold" rating to a "buy" rating in a research report on Friday, June 23rd. Evercore ISI began coverage on Colony Starwood Homes in a report on Monday, June 5th.

Shares of Invitation Home Inc. FBR Capital has "Outperform" rating and $25 target. Deutsche Bank AG began coverage on shares of Colony Starwood Homes in a research note on Monday, April 24th. They issued a "buy" rating and a $40.00 target price on the stock. Colony Starwood Homes has an average rating of "Buy" and an average target price of $36.62. The shares were 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 accessible through this hyperlink. The nearest competitor is American Homes 4 Rent (AMH), which owns about 49,000 homes.

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