Starwood Property Trust (NYSE:STWD) Stock Rating Upgraded by Zacks Research

Starwood Property Trust (NYSE:STWD) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a report issued on Thursday,Zacks.com reports.

A number of other analysts have also commented on the stock. Bank of America reaffirmed a “neutral” rating and set a $19.00 target price on shares of Starwood Property Trust in a report on Friday, March 6th. UBS Group began coverage on Starwood Property Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $20.00 price objective for the company. Wells Fargo & Company reduced their target price on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Thursday, February 26th. JPMorgan Chase & Co. decreased their target price on Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Starwood Property Trust presently has an average rating of “Moderate Buy” and an average price target of $19.70.

Starwood Property Trust Stock Performance

Starwood Property Trust stock opened at $16.80 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.31. Starwood Property Trust has a 1 year low of $16.54 and a 1 year high of $21.05. The company has a market cap of $6.23 billion, a PE ratio of 17.50, a PEG ratio of 2.19 and a beta of 0.98. The company’s 50-day moving average is $17.35 and its two-hundred day moving average is $17.78.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). The business had revenue of $205.55 million for the quarter, compared to analyst estimates of $496.25 million. Starwood Property Trust had a return on equity of 7.91% and a net margin of 18.11%.The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.45 EPS. Equities analysts anticipate that Starwood Property Trust will post 1.55 earnings per share for the current year.

Insider Transactions at Starwood Property Trust

In other Starwood Property Trust news, Director Jeffrey G. Dishner sold 7,013 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $17.13, for a total value of $120,132.69. Following the completion of the transaction, the director directly owned 168,152 shares of the company’s stock, valued at approximately $2,880,443.76. The trade was a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Starwood Property Trust

Institutional investors have recently modified their holdings of the business. Quantum Portfolio Management LLC grew its position in shares of Starwood Property Trust by 882,760.9% in 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. Geode Capital Management LLC raised its holdings in Starwood Property Trust by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust’s stock worth $115,453,000 after buying an additional 148,740 shares during the period. Northern Trust Corp raised its holdings in Starwood Property Trust by 1.2% during the 3rd quarter. Northern Trust Corp now owns 5,387,358 shares of the real estate investment trust’s stock worth $104,353,000 after buying an additional 64,178 shares during the period. Norges Bank acquired a new stake in Starwood Property Trust during the 4th quarter worth approximately $75,177,000. Finally, Advisors Capital Management LLC lifted its stake in Starwood Property Trust by 157.3% in the fourth quarter. Advisors Capital Management LLC now owns 3,702,935 shares of the real estate investment trust’s stock valued at $66,690,000 after buying an additional 2,263,856 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

About Starwood Property Trust

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.