Colony Starwood Homes Receives a Buy from FBR Capital

By Jason Carr

FBR Capital analyst David Corak reiterated a Buy rating on Colony Starwood Homes (NYSE: SFR) today and set a price target of $39. The company’s shares closed yesterday at $34.37, close to its 52-week high of $35.76.

According to TipRanks.com, Corak is a 3-star analyst with an average return of 2.6% and a 45.9% success rate. Corak covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Preferred Apartment Communities, and Consolidated-Tomoka Land Co.

Colony Starwood Homes has an analyst consensus of Moderate Buy, with a price target consensus of $38.67.

Based on Colony Starwood Homes’ latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $151 million and GAAP net loss of $11.34 million. In comparison, last year the company earned revenue of $141 million and had a GAAP net loss of $44.2 million.

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Colony Starwood Homes, part of Colony Starwood Homes /Private Equity/, is a company headquartered in Scottsdale, AZ. The firm acts as Private Equity Fund. It was founded in 2012. Frederick C. Tuomi is the current CEO, occupying that position since 2015. Shareholders acquired Colony Starwood Homes from Starwood Property Trust, Inc. on 22 Jan 14 for $1,112.99 million.