Zacks Investment Research upgraded shares of Starwood Property Trust, Inc. (NYSE:STWD) from a sell rating to a hold rating in a research report sent to investors on Friday.

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. “

Separately, BidaskClub cut shares of Starwood Property Trust from a hold rating to a sell rating in a research report on Monday, July 31st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and a consensus target price of $24.33.

Shares of Starwood Property Trust (NYSE STWD) opened at 22.15 on Friday. Starwood Property Trust has a 12-month low of $21.11 and a 12-month high of $23.46. The stock has a market capitalization of $5.75 billion, a price-to-earnings ratio of 12.72 and a beta of 0.54. The stock’s 50 day moving average is $22.04 and its 200-day moving average is $22.36.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Starwood Property Trust had a net margin of 55.89% and a return on equity of 11.39%. The business had revenue of $211.57 million during the quarter, compared to analysts’ expectations of $244.13 million. During the same period last year, the business earned $0.50 earnings per share. On average, analysts expect that Starwood Property Trust will post $2.10 earnings per share for the current year.

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The business also recently declared a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.67%. The ex-dividend date of this dividend is Thursday, September 28th. Starwood Property Trust’s dividend payout ratio is presently 109.09%.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. raised its position in Starwood Property Trust by 1.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 5,288 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 50 shares during the last quarter. Penserra Capital Management LLC raised its position in Starwood Property Trust by 52.3% in the first quarter. Penserra Capital Management LLC now owns 5,867 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 2,015 shares during the last quarter. ClariVest Asset Management LLC raised its position in Starwood Property Trust by 26.6% in the second quarter. ClariVest Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock valued at $146,000 after buying an additional 1,366 shares during the last quarter. Ffcm LLC raised its position in Starwood Property Trust by 108.2% in the second quarter. Ffcm LLC now owns 7,253 shares of the real estate investment trust’s stock valued at $164,000 after buying an additional 3,769 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Starwood Property Trust by 5.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,039 shares of the real estate investment trust’s stock valued at $180,000 after buying an additional 438 shares during the last quarter. 68.59% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust Company Profile

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