B.Riley FBR Reiterates a Buy Rating on Colony Starwood Homes

By Ryan Adsit

In a report released today, David Corak from B.Riley FBR reiterated a Buy rating on Colony Starwood Homes (NYSE: SFR), with a price target of $39. The company’s shares closed yesterday at $37.99, close to its 52-week high of $38.58.

Corak wrote:

“We are adjusting our core FFO per share estimates in order to account for management commentary as well as the release of the company’s 10-Q. The company posted solid results in what is possibly its last quarter as a stand-alone company, and as such management suspended full year 2017 core FFO per share guidance. The company was unable to go into great detail on the merger, however directed all interested parties to review INVH’s proxy statement filed with the SEC. We reiterate our Buy rating and $39.00 price target.”

According to TipRanks.com, Corak is a 3-star analyst with an average return of 2.4% and a 56.4% success rate. Corak covers the Financial sector, focusing on stocks such as National Storage Affiliates Trust, Preferred Apartment Communities, and NorthStar Realty Europe Corp.

Currently, the analyst consensus on Colony Starwood Homes is Moderate Buy and the average price target is $39.67, representing a 4.4% upside.

In a report issued on November 2, KBW also reiterated a Buy rating on the stock with a $40 price target.

The company has a one-year high of $38.58 and a one-year low of $28.10. Currently, Colony Starwood Homes has an average volume of 1.38M.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Starwood Waypoint Homes is a real estate investment trust, which engages in the acquisition, renovation, lease, maintenance, and management of single-family rental homes. The company was founded in March 2012 and is headquartered in Scottsdale, AZ.