Starwood Property Trust (NYSE:STWD) Now Covered by Wells Fargo & Co

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Wells Fargo & Co assumed coverage on shares of Starwood Property Trust (NYSE:STWD) in a report issued on Monday morning, BenzingaRatingsTable reports. The firm issued an outperform rating and a $26.00 price objective on the real estate investment trust’s stock.

Other equities research analysts also recently issued reports about the company. B. Riley reiterated a buy rating and issued a $25.50 price target on shares of Starwood Property Trust in a report on Monday, November 25th. Raymond James raised their price objective on Starwood Property Trust from $24.00 to $27.00 and gave the stock an outperform rating in a research note on Wednesday, August 14th. Finally, Zacks Investment Research downgraded shares of Starwood Property Trust from a strong-buy rating to a hold rating in a report on Thursday, November 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Starwood Property Trust has an average rating of Buy and an average price target of $26.30.

Shares of Starwood Property Trust stock opened at $24.59 on Monday. The company has a quick ratio of 1.91, a current ratio of 1.91 and a debt-to-equity ratio of 2.26. The firm has a market cap of $6.91 billion, a P/E ratio of 11.65 and a beta of 0.55. Starwood Property Trust has a fifty-two week low of $19.16 and a fifty-two week high of $24.96. The business has a 50-day moving average price of $24.32 and a 200 day moving average price of $23.59.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Friday, November 8th. The real estate investment trust reported $0.52 EPS for the quarter, topping analysts’ consensus estimates of $0.50 by $0.02. Starwood Property Trust had a return on equity of 10.49% and a net margin of 34.61%. The company had revenue of $288.33 million for the quarter, compared to the consensus estimate of $327.04 million. During the same quarter last year, the business posted $0.53 EPS. Starwood Property Trust’s quarterly revenue was up .9% compared to the same quarter last year. As a group, equities research analysts anticipate that Starwood Property Trust will post 1.74 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 7.81%. The ex-dividend date of this dividend is Monday, December 30th. Starwood Property Trust’s dividend payout ratio is presently 91.00%.

In related news, CFO Rina Paniry sold 13,000 shares of the firm’s stock in a transaction that occurred on Monday, September 9th. The stock was sold at an average price of $24.01, for a total value of $312,130.00. Following the sale, the chief financial officer now owns 199,927 shares of the company’s stock, valued at approximately $4,800,247.27. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, President Jeffrey F. Dimodica sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The shares were sold at an average price of $23.74, for a total value of $712,200.00. Following the transaction, the president now owns 305,765 shares of the company’s stock, valued at approximately $7,258,861.10. The disclosure for this sale can be found here. 3.10% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of STWD. Northern Oak Wealth Management Inc. increased its holdings in shares of Starwood Property Trust by 2.8% in the 3rd quarter. Northern Oak Wealth Management Inc. now owns 16,593 shares of the real estate investment trust’s stock worth $402,000 after acquiring an additional 459 shares during the period. Private Capital Group LLC increased its stake in shares of Starwood Property Trust by 14.9% in the second quarter. Private Capital Group LLC now owns 3,685 shares of the real estate investment trust’s stock valued at $82,000 after purchasing an additional 479 shares during the period. Essex Financial Services Inc. increased its stake in shares of Starwood Property Trust by 4.2% in the second quarter. Essex Financial Services Inc. now owns 12,500 shares of the real estate investment trust’s stock valued at $284,000 after purchasing an additional 500 shares during the period. Public Employees Retirement System of Ohio increased its stake in shares of Starwood Property Trust by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 90,123 shares of the real estate investment trust’s stock valued at $2,183,000 after purchasing an additional 568 shares during the period. Finally, Canal Capital Management LLC raised its holdings in shares of Starwood Property Trust by 4.7% during the third quarter. Canal Capital Management LLC now owns 12,822 shares of the real estate investment trust’s stock valued at $311,000 after buying an additional 578 shares during the last quarter. Hedge funds and other institutional investors own 60.75% 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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