Starwood Property Trust (STWD) Upgraded to “Hold” at Zacks Investment Research

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Zacks Investment Research upgraded shares of Starwood Property Trust (NYSE:STWD) from a sell rating to a hold rating in a research report released on Saturday morning, Zacks.com reports.

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, BTIG Research assumed coverage on shares of Starwood Property Trust in a research report on Tuesday, February 26th. They set a buy rating and a $25.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $24.25.

NYSE:STWD opened at $22.67 on Friday. Starwood Property Trust has a twelve month low of $19.16 and a twelve month high of $23.04. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.52 and a quick ratio of 2.52. The stock has a market cap of $6.31 billion, a PE ratio of 10.74 and a beta of 0.56.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Thursday, February 28th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.53 by $0.01. Starwood Property Trust had a net margin of 34.78% and a return on equity of 12.30%. Equities research analysts expect that Starwood Property Trust will post 2.1 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 8.47%. The ex-dividend date was Thursday, March 28th. Starwood Property Trust’s payout ratio is 91.00%.

Several institutional investors and hedge funds have recently made changes to their positions in STWD. United Services Automobile Association boosted its holdings in shares of Starwood Property Trust by 30.5% in the third quarter. United Services Automobile Association now owns 52,194 shares of the real estate investment trust’s stock worth $1,123,000 after buying an additional 12,206 shares during the period. LPL Financial LLC boosted its holdings in shares of Starwood Property Trust by 7.3% in the third quarter. LPL Financial LLC now owns 113,100 shares of the real estate investment trust’s stock worth $2,434,000 after buying an additional 7,714 shares during the period. Advisors Asset Management Inc. boosted its holdings in shares of Starwood Property Trust by 5.9% in the third quarter. Advisors Asset Management Inc. now owns 41,715 shares of the real estate investment trust’s stock worth $898,000 after buying an additional 2,326 shares during the period. AQR Capital Management LLC boosted its holdings in shares of Starwood Property Trust by 9.2% in the third quarter. AQR Capital Management LLC now owns 55,260 shares of the real estate investment trust’s stock worth $1,189,000 after buying an additional 4,644 shares during the period. Finally, Teachers Advisors LLC boosted its holdings in shares of Starwood Property Trust by 0.4% in the third quarter. Teachers Advisors LLC now owns 1,704,681 shares of the real estate investment trust’s stock worth $36,685,000 after buying an additional 6,914 shares during the period. Institutional investors own 65.30% of the company’s stock.

About Starwood Property Trust

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.

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