Starwood Property Trust (NYSE:STWD) Stock Moved Up to “Strong-Buy” by Zacks Research

Starwood Property Trust (NYSE:STWD) was upgraded by analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a note issued to investors on Tuesday, Zacks reports.

Several other brokerages also recently commented on STWD. Citigroup reaffirmed a “market outperform” rating on shares of Starwood Property Trust in a research note on Thursday, September 24th. Weiss Ratings cut Starwood Property Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Wall Street Zen cut Starwood Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. reduced their price target on Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a report on Tuesday, August 18th. Finally, Wells Fargo & Company set a $20.00 price target on Starwood Property Trust in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Starwood Property Trust presently has a consensus rating of “Moderate Buy” and an average price target of $18.70.

Starwood Property Trust Trading Down 0.6%

Shares of STWD opened at $12.12 on Tuesday. The stock has a market capitalization of $4.48 billion, a P/E ratio of 20.54, a PEG ratio of 1.69 and a beta of 1.01. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 3.47. The firm has a fifty day simple moving average of $14.67 and a two-hundred day simple moving average of $16.23. Starwood Property Trust has a twelve month low of $11.84 and a twelve month high of $18.80.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.40. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. The business had revenue of $201.42 million for the quarter, compared to analyst estimates of $521.67 million. During the same quarter last year, the firm earned $0.43 EPS. The company’s revenue was up 15.6% on a year-over-year basis. On average, research analysts anticipate that Starwood Property Trust will post 1.33 EPS for the current year.

Institutional Trading of Starwood Property Trust

Large investors have recently added to or reduced their stakes in the stock. Quantum Portfolio Management LLC increased its position in Starwood Property Trust by 882,760.9% during the 1st quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust’s stock valued at $1,931,676,000 after purchasing an additional 112,163,596 shares during the period. BlackRock Inc. bought a new position in Starwood Property Trust in the 2nd quarter worth $589,366,000. Advisors Capital Management LLC bought a new position in Starwood Property Trust in the 2nd quarter worth $70,121,000. Bank of New York Mellon Corp bought a new position in Starwood Property Trust in the 2nd quarter worth $38,498,000. Finally, Bank of America Corp DE purchased a new stake in shares of Starwood Property Trust in the 2nd quarter worth about $19,537,000. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Company Profile

Starwood Property Trust, Inc is a real estate investment trust that focuses on commercial real estate finance and related investments. The company originates, acquires, and manages a range of real estate debt and equity investments, serving institutional borrowers, property owners, and developers.

Its portfolio and lending activities include senior mortgage loans, mezzanine debt, subordinated loans, preferred equity, commercial mortgage-backed securities, and other structured real estate investments.