Starwood Property Trust Inc. (STWD) Downgraded to Hold at Zacks Investment Research
According to Zacks, “Starwood Property Trust, Inc. is a newly formed company that is focused primarily on originating, investing in, financing and managing commercial mortgage loans and other commercial real estate-related debt investments. Starwood Property Trust, Inc. will be externally managed and advised by SPT Management, LLC, an affiliate of Starwood Capital Group and intends to elect to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. “
STWD has been the subject of a number of other research reports. Credit Suisse Group AG raised their price objective on Starwood Property Trust from $24.00 to $25.00 and gave the stock an outperform rating in a research report on Monday, September 26th. Compass Point cut Starwood Property Trust from a buy rating to a neutral rating and increased their target price for the stock from $22.00 to $23.00 in a report on Monday, August 15th. JMP Securities increased their target price on Starwood Property Trust from $23.00 to $24.00 and gave the stock a market outperform rating in a report on Monday, August 8th. Keefe, Bruyette & Woods raised their price target on Starwood Property Trust from $23.00 to $24.00 and gave the company an outperform rating in a report on Friday, August 5th. Finally, Citigroup Inc. raised their price target on Starwood Property Trust from $20.00 to $24.00 and gave the company a buy rating in a report on Wednesday, August 10th. Four investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The company currently has an average rating of Buy and an average target price of $23.94.
Shares of Starwood Property Trust (NYSE:STWD) traded down 0.05% on Thursday, reaching $21.58. The company had a trading volume of 970,010 shares. The company’s 50-day moving average is $22.60 and its 200 day moving average is $20.93. Starwood Property Trust has a 12 month low of $16.69 and a 12 month high of $23.46. The firm has a market capitalization of $5.14 billion, a PE ratio of 14.67 and a beta of 0.68.
Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.50 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.50. Starwood Property Trust had a return on equity of 11.54% and a net margin of 42.66%. The company earned $200 million during the quarter, compared to the consensus estimate of $50.75 million. During the same quarter last year, the company earned $0.53 EPS. The company’s quarterly revenue was up 11.9% on a year-over-year basis. Equities analysts forecast that Starwood Property Trust will post $1.73 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Shareholders of record on Friday, September 30th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 8.89%. The ex-dividend date of this dividend is Wednesday, September 28th. Starwood Property Trust’s dividend payout ratio is 130.61%.
Several hedge funds have recently added to or reduced their stakes in STWD. Checchi Capital Advisers LLC increased its stake in Starwood Property Trust by 1.2% in the second quarter. Checchi Capital Advisers LLC now owns 5,092 shares of the company’s stock valued at $106,000 after buying an additional 61 shares in the last quarter. Acrospire Investment Management LLC increased its stake in Starwood Property Trust by 22.4% in the second quarter. Acrospire Investment Management LLC now owns 6,000 shares of the company’s stock valued at $124,000 after buying an additional 1,100 shares in the last quarter. Feltz Wealth PLAN Inc. purchased a new stake in Starwood Property Trust during the second quarter valued at about $146,000. TLP Group LLC purchased a new stake in Starwood Property Trust during the second quarter valued at about $146,000. Finally, IFP Advisors Inc increased its stake in Starwood Property Trust by 73.5% in the first quarter. IFP Advisors Inc now owns 8,827 shares of the company’s stock valued at $167,000 after buying an additional 3,740 shares in the last quarter. 73.51% of the stock is currently owned by hedge funds and other institutional investors.
Starwood Property Trust Company Profile
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