Starwood Property Trust (NYSE:STWD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday, January 10th.
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 analysts have also recently commented on the stock. Compass Point raised shares of Starwood Property Trust from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 25th. BidaskClub cut shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Thursday, October 26th. ValuEngine raised shares of Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Finally, B. Riley reaffirmed a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a research report on Monday, November 27th. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Starwood Property Trust has an average rating of “Buy” and a consensus price target of $24.00.
Shares of Starwood Property Trust (STWD) traded up $0.06 during trading on Wednesday, hitting $20.93. 1,391,671 shares of the company traded hands, compared to its average volume of 1,980,000. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.68. Starwood Property Trust has a one year low of $20.78 and a one year high of $23.01. The company has a market capitalization of $5,460.00, a PE ratio of 12.61, a price-to-earnings-growth ratio of 2.03 and a beta of 0.37.
Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.11. Starwood Property Trust had a net margin of 52.28% and a return on equity of 11.88%. The company had revenue of $226.77 million for the quarter, compared to analysts’ expectations of $236.76 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. Starwood Property Trust’s revenue for the quarter was up 10.8% on a year-over-year basis. equities research analysts anticipate that Starwood Property Trust will post 2.12 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its holdings in shares of Starwood Property Trust by 5.5% during the second quarter. Vanguard Group Inc. now owns 22,179,781 shares of the real estate investment trust’s stock valued at $496,604,000 after purchasing an additional 1,156,034 shares during the period. Janus Henderson Group PLC acquired a new position in shares of Starwood Property Trust during the second quarter valued at about $8,055,000. Timbercreek Asset Management Ltd. raised its holdings in shares of Starwood Property Trust by 177.7% during 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 purchasing an additional 292,000 shares during the period. Aperio Group LLC raised its holdings in shares of Starwood Property Trust by 143.6% during the third quarter. Aperio Group LLC now owns 477,482 shares of the real estate investment trust’s stock valued at $10,371,000 after purchasing an additional 281,469 shares during the period. Finally, Bank of Montreal Can raised its holdings in shares of Starwood Property Trust by 38.8% during the fourth quarter. Bank of Montreal Can now owns 872,340 shares of the real estate investment trust’s stock valued at $18,624,000 after purchasing an additional 243,856 shares during the period. 67.44% of the stock is currently owned by institutional investors and hedge funds.
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About Starwood Property Trust
Starwood Property Trust, Inc is a real estate investment trust. The Company operates through three business segments: Real estate lending (the Lending Segment), which engages primarily in originating, acquiring, financing and managing commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, and other real estate and real estate-related debt investments; Real estate investing and servicing (the Investing and Servicing Segment), which includes a servicing business in the United States that manages and works out problem assets; an investment business that selectively acquires and manages unrated, investment grade and non-investment grade rated CMBS, and a mortgage loan business, and Real estate property (the Property Segment), which engages primarily in acquiring and managing equity interests in stabilized commercial real estate properties.
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