Zacks Investment Research upgraded shares of Starwood Property Trust, Inc. (NYSE:STWD) from a hold rating to a buy rating in a research note published on Wednesday. Zacks Investment Research currently has $24.00 price target on the real estate investment trust’s stock.

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 equities research analysts also recently commented on STWD. BidaskClub upgraded Starwood Property Trust from a sell rating to a hold rating in a report on Friday, November 10th. B. Riley reiterated a buy rating and issued a $24.00 price objective on shares of Starwood Property Trust in a report on Thursday, November 9th. Finally, ValuEngine upgraded Starwood Property Trust from a hold rating to a buy rating in a report on Monday, October 2nd. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Starwood Property Trust presently has a consensus rating of Buy and an average target price of $24.00.

Shares of Starwood Property Trust (NYSE:STWD) opened at $21.58 on Wednesday. Starwood Property Trust has a twelve month low of $21.27 and a twelve month high of $23.01. The company has a market capitalization of $5,632.36, a PE ratio of 10.28, a P/E/G ratio of 2.04 and a beta of 0.52. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.47 and a quick ratio of 2.47.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.65 EPS for the quarter, topping the consensus estimate of $0.54 by $0.11. Starwood Property Trust had a return on equity of 11.88% and a net margin of 52.28%. The company had revenue of $226.77 million during the quarter, compared to the consensus estimate of $236.76 million. During the same period last year, the company earned $0.59 EPS. Starwood Property Trust’s revenue for the quarter was up 10.8% on a year-over-year basis. analysts predict that Starwood Property Trust will post 2.12 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.48 per share. The ex-dividend date is Thursday, December 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.90%. Starwood Property Trust’s dividend payout ratio is currently 116.36%.

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

Several institutional investors have recently added to or reduced their stakes in the business. Belpointe Asset Management LLC bought a new stake in shares of Starwood Property Trust during the 3rd quarter valued at about $368,000. Dana Investment Advisors Inc. grew its stake in shares of Starwood Property Trust by 2.6% during the 3rd quarter. Dana Investment Advisors Inc. now owns 1,285,462 shares of the real estate investment trust’s stock valued at $27,920,000 after purchasing an additional 32,089 shares during the period. California Public Employees Retirement System grew its stake in shares of Starwood Property Trust by 6.8% during the 3rd quarter. California Public Employees Retirement System now owns 761,431 shares of the real estate investment trust’s stock valued at $16,538,000 after purchasing an additional 48,631 shares during the period. Tortoise Investment Management LLC bought a new stake in shares of Starwood Property Trust during the 3rd quarter valued at about $215,000. Finally, Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Starwood Property Trust by 32.8% during the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 119,010 shares of the real estate investment trust’s stock valued at $2,583,000 after purchasing an additional 29,401 shares during the period. Institutional investors and hedge funds own 68.04% of the company’s stock.

About Starwood Property Trust

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