STARWOOD PROPERTY TRUST, INC. (NYSE:STWD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Friday, May 12th.
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. “
Shares of STARWOOD PROPERTY TRUST, INC. (NYSE:STWD) remained flat at $22.56 during mid-day trading on Friday. 4,419,763 shares of the company’s stock traded hands. The stock’s 50 day moving average is $22.07 and its 200-day moving average is $22.41. The stock has a market cap of $5.87 billion, a P/E ratio of 12.75 and a beta of 0.59. STARWOOD PROPERTY TRUST, INC. has a one year low of $19.86 and a one year high of $23.46.
STARWOOD PROPERTY TRUST, INC. (NYSE:STWD) last issued its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.50 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.03. STARWOOD PROPERTY TRUST, INC. had a net margin of 55.96% and a return on equity of 11.24%. The business had revenue of $198.72 million during the quarter, compared to analyst estimates of $229.63 million. During the same period in the prior year, the business earned $0.50 EPS. The company’s revenue for the quarter was up 1.6% on a year-over-year basis. On average, equities analysts forecast that STARWOOD PROPERTY TRUST, INC. will post $2.10 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, July 14th. Investors of record on Friday, June 30th will be paid a $0.48 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.92 annualized dividend and a dividend yield of 8.51%. STARWOOD PROPERTY TRUST, INC.’s payout ratio is 107.26%.
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In related news, Director Camille J. Douglas sold 4,500 shares of the stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $21.62, for a total value of $97,290.00. Following the completion of the transaction, the director now directly owns 20,944 shares in the company, valued at approximately $452,809.28. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.40% of the stock is owned by company insiders.
Hedge funds have recently made changes to their positions in the stock. S. R. Schill & Associates increased its stake in shares of STARWOOD PROPERTY TRUST, INC. by 5.1% in the first quarter. S. R. Schill & Associates now owns 51,979 shares of the real estate investment trust’s stock valued at $1,174,000 after buying an additional 2,540 shares during the period. Northern Oak Wealth Management Inc. purchased a new stake in shares of STARWOOD PROPERTY TRUST, INC. during the first quarter valued at approximately $201,000. Janus Capital Management LLC increased its stake in shares of STARWOOD PROPERTY TRUST, INC. by 58.5% in the first quarter. Janus Capital Management LLC now owns 578,111 shares of the real estate investment trust’s stock valued at $13,053,000 after buying an additional 213,392 shares during the period. HighTower Advisors LLC increased its stake in shares of STARWOOD PROPERTY TRUST, INC. by 1.1% in the first quarter. HighTower Advisors LLC now owns 342,124 shares of the real estate investment trust’s stock worth $7,724,000 after buying an additional 3,750 shares during the last quarter. Finally, Caxton Associates LP bought a new stake in shares of STARWOOD PROPERTY TRUST, INC. during the first quarter worth about $625,000. 73.69% of the stock is currently owned by institutional investors.
About STARWOOD PROPERTY TRUST, INC.
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