Starwood Property Trust, Inc. (STWD) Upgraded to Hold at Zacks Investment Research
Zacks Investment Research upgraded shares of Starwood Property Trust, Inc. (NYSE:STWD) from a sell rating to a hold rating in a report issued on Wednesday.
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 upgraded Starwood Property Trust from a hold rating to a buy rating in a report on Thursday, June 22nd. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $24.33.
Shares of Starwood Property Trust (STWD) opened at 21.97 on Wednesday. The company has a market cap of $5.70 billion, a PE ratio of 12.62 and a beta of 0.53. Starwood Property Trust has a 12-month low of $21.11 and a 12-month high of $23.32. The company has a 50-day moving average of $22.04 and a 200 day moving average of $22.32.
Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. Starwood Property Trust had a return on equity of 11.39% and a net margin of 55.89%. The company had revenue of $211.57 million for the quarter, compared to analyst estimates of $244.13 million. During the same quarter in the prior year, the firm posted $0.50 EPS. On average, equities research analysts expect that Starwood Property Trust will post $2.10 EPS for the current year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.48 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.92 dividend on an annualized basis and a yield of 8.74%. Starwood Property Trust’s payout ratio is 109.09%.
A number of hedge funds have recently added to or reduced their stakes in the business. Bronfman E.L. Rothschild L.P. increased its stake 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 worth $119,000 after purchasing an additional 50 shares during the period. Intellectus Partners LLC increased its stake in Starwood Property Trust by 0.3% in the second quarter. Intellectus Partners LLC now owns 21,393 shares of the real estate investment trust’s stock worth $489,000 after purchasing an additional 65 shares during the period. Envestnet Asset Management Inc. increased its stake in Starwood Property Trust by 0.5% in the first quarter. Envestnet Asset Management Inc. now owns 40,645 shares of the real estate investment trust’s stock worth $922,000 after purchasing an additional 212 shares during the period. Stratos Wealth Partners LTD. increased its stake in Starwood Property Trust by 1.5% in the first quarter. Stratos Wealth Partners LTD. now owns 16,529 shares of the real estate investment trust’s stock worth $373,000 after purchasing an additional 249 shares during the period. Finally, CWA Asset Management Group LLC increased its stake in Starwood Property Trust by 2.5% in the second quarter. CWA Asset Management Group LLC now owns 10,250 shares of the real estate investment trust’s stock worth $229,000 after purchasing an additional 250 shares during the period. Institutional investors and hedge funds own 68.59% of the company’s stock.
About Starwood Property Trust
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