Starwood Property Trust (NYSE:STWD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research 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. “

Several other equities research analysts have also recently weighed in on the company. ValuEngine upgraded Starwood Property Trust from a “hold” rating to a “buy” rating in a report on Friday, December 1st. B. Riley restated a “buy” rating and set a $24.00 target price on shares of Starwood Property Trust in a report on Monday, November 27th. BidaskClub upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Friday, November 10th. Finally, Compass Point upgraded Starwood Property Trust from a “neutral” rating to a “buy” rating in a report on Wednesday, October 25th. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $24.00.

Shares of Starwood Property Trust (NYSE:STWD) traded down $0.16 during mid-day trading on Wednesday, reaching $20.94. The company had a trading volume of 2,191,100 shares, compared to its average volume of 1,880,000. The stock has a market cap of $5,470.00, a PE ratio of 12.61, a PEG ratio of 2.02 and a beta of 0.37. Starwood Property Trust has a 52 week low of $20.78 and a 52 week high of $23.01. 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 issued its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, beating the consensus estimate of $0.54 by $0.11. The company had revenue of $226.77 million during the quarter, compared to analysts’ expectations of $236.76 million. Starwood Property Trust had a return on equity of 11.88% and a net margin of 52.28%. Starwood Property Trust’s quarterly revenue was up 10.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.59 EPS. research analysts anticipate that Starwood Property Trust will post 2.12 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in STWD. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Starwood Property Trust by 5.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,039 shares of the real estate investment trust’s stock valued at $180,000 after purchasing an additional 438 shares during the last quarter. Tortoise Investment Management LLC bought a new position in Starwood Property Trust during the 3rd quarter valued at approximately $215,000. CWA Asset Management Group LLC raised its position in Starwood Property Trust by 2.5% during the 2nd quarter. CWA Asset Management Group LLC now owns 10,250 shares of the real estate investment trust’s stock valued at $229,000 after purchasing an additional 250 shares during the last quarter. Courier Capital LLC bought a new position in Starwood Property Trust during the 2nd quarter valued at approximately $231,000. Finally, The Manufacturers Life Insurance Company raised its position in Starwood Property Trust by 17.4% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 10,738 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 1,593 shares during the last quarter. 67.41% of the stock is owned by institutional investors and hedge funds.

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