Starwood Property Trust, Inc. (NYSE:STWD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note 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. “
A number of other brokerages also recently weighed in on STWD. BidaskClub downgraded Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Thursday, October 26th. ValuEngine raised Starwood Property Trust from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Finally, Compass Point raised Starwood Property Trust from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 25th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. Starwood Property Trust presently has a consensus rating of “Hold” and an average price target of $24.00.
Starwood Property Trust (STWD) opened at 21.51 on Wednesday. The firm’s 50-day moving average is $21.78 and its 200 day moving average is $22.09. The stock has a market capitalization of $5.58 billion, a P/E ratio of 12.35 and a beta of 0.53. Starwood Property Trust has a 12-month low of $21.11 and a 12-month high of $23.01.
Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. The company had revenue of $211.57 million during the quarter, compared to the consensus estimate of $244.13 million. Starwood Property Trust had a net margin of 55.89% and a return on equity of 11.39%. During the same period in the prior year, the company earned $0.50 EPS. Equities research analysts anticipate that Starwood Property Trust will post $2.09 earnings per share for the current year.
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In related news, CFO Rina Paniry sold 6,867 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $21.96, for a total value of $150,799.32. Following the completion of the transaction, the chief financial officer now directly owns 100,026 shares in the company, valued at $2,196,570.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Andrew Jay Sossen sold 11,270 shares of the company’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $21.94, for a total value of $247,263.80. Following the completion of the transaction, 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. Corporate insiders own 2.40% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Swiss National Bank raised its stake in Starwood Property Trust by 2.0% during the second 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 in the last quarter. State Board of Administration of Florida Retirement System raised its stake in Starwood Property Trust by 1.8% during the second 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 in the last quarter. Scott & Selber Inc. raised its stake in Starwood Property Trust by 1.4% during the second quarter. Scott & Selber Inc. now owns 90,322 shares of the real estate investment trust’s stock worth $2,022,000 after acquiring an additional 1,213 shares in the last quarter. Cipher Capital LP acquired a new position in Starwood Property Trust during the second quarter worth $2,789,000. Finally, Wright Investors Service Inc. raised its stake in Starwood Property Trust by 14.4% during the second 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 in the last quarter. Hedge funds and other institutional investors own 68.76% of the company’s stock.
Starwood Property Trust Company Profile
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