Colony Starwood Homes (NYSE:SFR) Sees Strong Trading Volume Following Earnings Beat

The Kings Lake community in Gibsonton was the epicenter of the area's housing crisis with one in every five homes in the southern Hillsborough County community going through foreclosure during the recession.

Invitation and Starwood Waypoint Merge to Create New Home Rental Giant

The institutional investor owned 505,722 shares of the financial services provider's stock after selling 174,560 shares during the period.

Starwood Waypoint Homes, formerly Colony Starwood Homes, is an internally managed real estate investment trust (REIT). IBM Retirement Fund owned 0.50% of Colony Starwood Homes worth $17,351,000 as of its most recent SEC filing.

A number of large investors have recently made changes to their positions in the stock. Advisors Asset Management Inc. boosted its position in shares of Colony Starwood Homes by 23.2% in the first quarter. SG Americas Securities LLC's holdings in Colony Starwood Homes were worth $115,000 at the end of the most recent quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,013 shares of the financial services provider's stock worth $170,000 after buying an additional 1,238 shares during the last quarter. Great West Life Assurance Co. Suntrust Banks Inc. now owns 8,235 shares of the financial services provider's stock worth $282,000 after buying an additional 284 shares during the last quarter. Ltd. now owns 15,074 shares of the financial services provider's stock worth $512,000 after buying an additional 7,718 shares during the last quarter. The Company operates through two segments, which are represented by its portfolio of SFR homes and its portfolio of NPLs owned in the joint venture with Prime Asset Fund VI, LLC (Prime).

Shares of Colony Starwood Homes (NYSE SFR) traded down 0.410% during trading on Friday, reaching $35.205. 4,363,896 shares of the company traded hands.

Both the companies have overlapping markets and majority of the combined company's revenue would come from high-growth markets such as the western United States and Florida, the companies said in a statement.

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The stock is trading at $35.59 just above the 50 day moving average which is $34.55 and which is quite a bit above the 200 day moving average of $33.81.

Colony Starwood Homes (NYSE:SFR) released its quarterly earnings results on Wednesday. The dividend was $0.220 per share for the quarter or $0.88 annualized. Colony Starwood Homes had a negative return on equity of 0.86% and a negative net margin of 5.65%. The business had revenue of $154.40 million during the quarter, compared to analysts' expectations of $153.39 million. The business's quarterly revenue was up 7.4% compared to the same quarter a year ago. Equities analysts anticipate that Colony Starwood Homes will post ($0.03) EPS for the current year.

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Here are a few other firms who have updated their positions. Evercore ISI began coverage on Colony Starwood Homes in a research report on Monday, June 5th. They issued an "in-line" rating and a $37.00 price objective for the company. Zacks Investment Research lowered shares of Colony Starwood Homes from a buy rating to a hold rating in a report on Friday, May 12th. They issued an "outperform" rating and a $38.00 price objective for the company. Wood & Company started coverage on Colony Starwood Homes in a research note on Monday, April 24th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company. They set a buy rating and a $40.00 price target for the company.

In related news, Director Thomas Barrack, Jr. sold 3,897,220 shares of the firm's stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $34.69, for a total transaction of $135,194,561.80. 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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