Blackstone's Invitation Homes to buy Starwood Waypoint (BX)

Paterniano Del Favero
Agosto 10, 2017

They set a "buy" rating and a $40.00 target price for the company. Citigroup Inc. assumed coverage on shares of Colony Starwood Homes in a research report on Thursday, July 20th. Zacks Investment Research lowered Colony Starwood Homes from a buy rating to a hold rating in a research note on Friday, May 12th. Evercore ISI started coverage on Colony Starwood Homes in a research note on Monday, June 5th. They issued a "buy" rating and a $40.00 price objective for the company.

Invitation Homes Inc said it would buy smaller rival Starwood Waypoint Homes in an all-stock deal that would create the biggest single-family rental company in the United States. They issued an "in-line" rating and a $37.00 price objective for the company. Wood & Company assumed coverage on shares of Colony Starwood Homes in a research report on Monday, July 10th. The stock presently has a consensus rating of "Buy" and a consensus price target of $36.62. The firm's market cap is $3.41 billion. Colony Starwood Homes has a 52-week low of $26.74 and a 52-week high of $35.76. The company has a 50-day moving average price of $34.63 and a 200-day moving average price of $33.66.

Colony Starwood Homes (NYSE:SFR) last announced its quarterly earnings data on Monday, May 8th.

In terms of earnings per share, 6 analysts have a -0.01 EPS mean target for the quarter ending Sep-17, for the quarter ending Dec-17, 6 analysts have a 0.06 EPS mean target and for the quarter ending Dec-17 there are 7 estimates of -0.05 EPS. The firm had revenue of $151.04 million for the quarter, compared to analyst estimates of $147.46 million. Colony Starwood Homes had a negative return on equity of 1.32% and a negative net margin of 8.24%. PNC Financial Services Group Inc. increased its position in Colony Starwood Homes by 59.6% in the first quarter. On average, analysts anticipate that Colony Starwood Homes will post ($0.03) EPS for the current year. Finally, Ameritas Investment Partners Inc. bought a new position in shares of Colony Starwood Homes during the first quarter valued at about $207,000. If you are viewing this piece on another site, it was copied illegally and reposted in violation of USA & worldwide trademark and copyright legislation. The original version of this piece can be viewed at https://www.com-unik.info/2017/08/10/colony-starwood-homes-sfr-stake-held-by-fidelity-national-financial-inc-updated-updated.html. American Century Companies Inc. now owns 1,383,363 shares of the financial services provider's stock worth $46,965,000 after buying an additional 630,205 shares during the last quarter. 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 can be accessed through this link. UBS Group AG's holdings in Colony Starwood Homes were worth $176,000 at the end of the most recent reporting period. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Colony Starwood Homes by 32.8% in the first quarter. Westpac Banking Corp now owns 301,634 shares of the financial services provider's stock valued at $10,349,000 after buying an additional 82,970 shares in the last quarter. Neuberger Berman Group LLC raised its position in Colony Starwood Homes by 3.5% in the first quarter. Swiss National Bank now owns 209,440 shares of the financial services provider's stock worth $7,186,000 after buying an additional 41,000 shares during the period. Oppenheimer Asset Management Inc. purchased a new position in Colony Starwood Homes during the first quarter valued at $179,000.

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