STARWOOD PROPERTY TRUST, INC. (NYSE:STWD) Downgraded by Zacks Investment Research

Zacks Investment Research lowered shares of STARWOOD PROPERTY TRUST, INC. (NYSE:STWD) from a hold rating to a sell rating in a research report sent to investors on Wednesday, August 2nd.

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 shares of STARWOOD PROPERTY TRUST, INC. from a hold rating to a buy rating in a research report on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $24.00.

STARWOOD PROPERTY TRUST, INC. (NYSE STWD) opened at 22.06 on Wednesday. STARWOOD PROPERTY TRUST, INC. has a 12-month low of $21.11 and a 12-month high of $23.46. The stock has a market cap of $5.75 billion, a P/E ratio of 12.66 and a beta of 0.54. The firm’s 50 day moving average price is $22.15 and its 200-day moving average price is $22.38.

STARWOOD PROPERTY TRUST, INC. (NYSE:STWD) last issued its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The business had revenue of $211.57 million during the quarter, compared to the consensus estimate of $244.13 million. STARWOOD PROPERTY TRUST, INC. had a net margin of 55.89% and a return on equity of 11.39%. During the same quarter in the prior year, the firm posted $0.50 earnings per share. Equities research analysts anticipate that STARWOOD PROPERTY TRUST, INC. will post $2.09 earnings per share for the current fiscal year.

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The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.92 annualized dividend and a yield of 8.70%. STARWOOD PROPERTY TRUST, INC.’s dividend payout ratio is presently 109.09%.

Hedge funds have recently made changes to their positions in the stock. Global Financial Private Capital LLC purchased a new stake in STARWOOD PROPERTY TRUST, INC. during the second quarter valued at $2,086,000. Renaissance Technologies LLC boosted its stake in STARWOOD PROPERTY TRUST, INC. by 32.6% in the second quarter. Renaissance Technologies LLC now owns 663,284 shares of the real estate investment trust’s stock valued at $14,851,000 after buying an additional 163,100 shares during the period. Timbercreek Asset Management Ltd. boosted its stake in STARWOOD PROPERTY TRUST, INC. by 177.7% in the second quarter. Timbercreek Asset Management Ltd. now owns 456,289 shares of the real estate investment trust’s stock valued at $10,216,000 after buying an additional 292,000 shares during the period. MML Investors Services LLC boosted its stake in STARWOOD PROPERTY TRUST, INC. by 11.3% in the second quarter. MML Investors Services LLC now owns 13,836 shares of the real estate investment trust’s stock valued at $310,000 after buying an additional 1,405 shares during the period. Finally, TIAA FSB purchased a new stake in STARWOOD PROPERTY TRUST, INC. during the second quarter valued at $558,000. 74.20% of the stock is owned by institutional investors.

About STARWOOD PROPERTY TRUST, INC.

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