JP Morgan Initiates Coverage on Colony Starwood Homes to Overweight

JP Morgan Initiates Coverage on Colony Starwood Homes(NYSE:SFR). The shares have been rated Overweight. The rating by JP Morgan was issued on Sep 26, 2016.

In a different note, On Jul 19, 2016, Keefe Bruyette & Woods said it Downgrades its rating on Colony Starwood Homes. In the research note, the firm Maintains the price-target to $30.00 per share. The shares have been rated ‘Market Perform’ by the firm.

Colony Starwood Homes(SFR) last announced its earnings results on Aug 8, 2016 for Fiscal Year 2016 and Q2.Earnings per share were $0.39.

Colony Starwood Homes formerly Starwood Waypoint Residential Trust is a real estate investment trust (REIT) formed primarily to acquire renovate lease and manage residential assets in select markets throughout the United States. The Company’s objective is to generate risk-adjusted returns for its shareholders over the long-term through dividends and capital appreciation. The Company operates in two segments: SFRs (single-family residential) and NPLs (nonperforming loans). SFRs segment includes the business activities associated with its investments in single-family residential properties. SFRs segment provides a direct conduit to real estate. NPLs segment includes the business activities associated with its investments in NPLs. The Company’s markets include Miami Orlando and Tampa Florida; Atlanta Georgia; Chicago Illinois; Dallas and Houston Texas; Denver Colorado; Southern California; Northern California; and Phoenix Arizona.

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