Starwood Property Trust, Inc. (NYSE:STWD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.

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. “

Several other analysts have also issued reports on the stock. BidaskClub upgraded shares of Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. ValuEngine lowered shares of Starwood Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, September 12th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $24.00.

Starwood Property Trust (NYSE STWD) opened at 22.12 on Thursday. Starwood Property Trust has a one year low of $21.11 and a one year high of $23.32. The firm has a 50-day moving average of $22.04 and a 200-day moving average of $22.26. The firm has a market cap of $5.74 billion, a price-to-earnings ratio of 12.71 and a beta of 0.53.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $244.13 million. During the same period last year, the business posted $0.50 EPS. Analysts anticipate that Starwood Property Trust will post $2.10 EPS for the current year.

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In other news, CFO Rina Paniry sold 6,867 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $21.96, for a total transaction of $150,799.32. Following the completion of the transaction, the chief financial officer now directly owns 100,026 shares of the company’s stock, valued at approximately $2,196,570.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, COO Andrew Jay Sossen sold 11,270 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $21.94, for a total transaction of $247,263.80. Following the transaction, the chief operating officer now directly owns 108,258 shares of the company’s stock, valued at $2,375,180.52. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by company insiders.

Large investors have recently added to or reduced their stakes in the company. Swiss National Bank lifted its holdings in shares of Starwood Property Trust by 2.0% during the 2nd quarter. Swiss National Bank now owns 431,965 shares of the real estate investment trust’s stock worth $9,672,000 after acquiring an additional 8,300 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Starwood Property Trust by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 21,023,747 shares of the real estate investment trust’s stock worth $474,716,000 after acquiring an additional 1,635,444 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of Starwood Property Trust by 1.8% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 269,236 shares of the real estate investment trust’s stock worth $6,028,000 after acquiring an additional 4,850 shares during the period. Wright Investors Service Inc. lifted its holdings in shares of Starwood Property Trust by 14.4% during the 2nd quarter. Wright Investors Service Inc. now owns 10,755 shares of the real estate investment trust’s stock worth $241,000 after acquiring an additional 1,350 shares during the period. Finally, Cipher Capital LP bought a new position in shares of Starwood Property Trust during the 2nd quarter worth about $2,789,000. 68.58% of the stock is owned by institutional investors.

Starwood Property Trust Company Profile

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