Zacks Investment Research upgraded shares of Starwood Property Trust, Inc. (NYSE:STWD) from a sell rating to a hold rating in a report published 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. “

STWD has been the subject of a number of other research reports. BidaskClub lowered Starwood Property Trust from a hold rating to a sell rating in a research note on Wednesday, September 13th. ValuEngine lowered Starwood Property Trust from a buy rating to a hold rating in a research note on Tuesday, September 12th. Finally, Compass Point raised Starwood Property Trust from a neutral rating to a buy rating in a research note on Wednesday, October 25th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. Starwood Property Trust has an average rating of Hold and an average target price of $24.00.

Starwood Property Trust (STWD) traded down $0.06 during midday trading on Wednesday, hitting $21.61. The stock had a trading volume of 1,381,363 shares, compared to its average volume of 1,444,188. The company has a market capitalization of $5,630.66, a price-to-earnings ratio of 10.75, a price-to-earnings-growth ratio of 2.19 and a beta of 0.52. The company has a debt-to-equity ratio of 1.49, a quick ratio of 1.97 and a current ratio of 1.97. Starwood Property Trust has a 1 year low of $21.11 and a 1 year high of $23.01.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $211.57 million during the quarter, compared to analyst estimates of $244.13 million. Starwood Property Trust had a return on equity of 11.39% and a net margin of 55.89%. During the same quarter in the prior year, the company posted $0.50 earnings per share. sell-side analysts forecast that Starwood Property Trust will post 1.98 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 8.88%. The ex-dividend date was Thursday, September 28th. Starwood Property Trust’s payout ratio is presently 109.09%.

In related news, CFO Rina Paniry sold 6,867 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was sold at an average price of $21.96, for a total transaction of $150,799.32. Following the completion of the transaction, the chief financial officer now directly owns 100,026 shares of the company’s stock, valued at $2,196,570.96. The sale was disclosed in a filing with the SEC, which is available through this link. Also, COO Andrew Jay Sossen sold 11,270 shares of the stock in a transaction that occurred 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 transaction, the chief operating officer now directly owns 108,258 shares of the company’s stock, valued at $2,375,180.52. The disclosure for this sale can be found here. 2.40% of the stock is currently owned by corporate insiders.

Institutional investors have recently made changes to their positions in the stock. Bronfman E.L. Rothschild L.P. raised its position in Starwood Property Trust by 1.6% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,375 shares of the real estate investment trust’s stock valued at $120,000 after purchasing an additional 87 shares during the period. Penserra Capital Management LLC raised its position in Starwood Property Trust by 10.0% during the second quarter. Penserra Capital Management LLC now owns 6,453 shares of the real estate investment trust’s stock valued at $144,000 after purchasing an additional 586 shares during the period. ClariVest Asset Management LLC raised its position in Starwood Property Trust by 26.6% during the second quarter. ClariVest Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 1,366 shares during the period. Ffcm LLC raised its position in Starwood Property Trust by 108.2% during the second quarter. Ffcm LLC now owns 7,253 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 3,769 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Starwood Property Trust by 5.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,039 shares of the real estate investment trust’s stock valued at $180,000 after purchasing an additional 438 shares during the period. 68.76% of the stock is owned by institutional investors.

About Starwood Property Trust

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