Starwood Property Trust (STWD) Rating Increased to Hold at BidaskClub

BidaskClub upgraded shares of Starwood Property Trust (NYSE:STWD) from a sell rating to a hold rating in a research report report published on Friday, November 10th.

Other research analysts also recently issued reports about the stock. Zacks Investment Research upgraded shares of Starwood Property Trust from a sell rating to a hold rating in a research note on Thursday, September 28th. B. Riley restated a buy rating and issued a $24.00 price target on shares of Starwood Property Trust in a research report on Thursday, November 9th. ValuEngine upgraded shares of Starwood Property Trust from a hold rating to a buy rating in a research report on Monday, October 2nd. Finally, Compass Point upgraded shares of Starwood Property Trust from a neutral rating to a buy rating in a research report on Wednesday, October 25th. Two equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Starwood Property Trust presently has an average rating of Buy and a consensus target price of $24.00.

Shares of Starwood Property Trust (NYSE STWD) traded up $0.03 during mid-day trading on Friday, hitting $21.73. 1,314,200 shares of the stock traded hands, compared to its average volume of 1,776,575. The stock has a market capitalization of $5,660.00, a P/E ratio of 10.34, a PEG ratio of 2.05 and a beta of 0.37. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.68. Starwood Property Trust has a fifty-two week low of $21.27 and a fifty-two week high of $23.01.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Wednesday, November 8th. The real estate investment trust reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.11. Starwood Property Trust had a net margin of 52.28% and a return on equity of 11.88%. The firm had revenue of $226.77 million for the quarter, compared to the consensus estimate of $236.76 million. During the same period in the prior year, the firm posted $0.59 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. research analysts forecast that Starwood Property Trust will post 2.12 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Investors of record on Friday, December 29th will be issued a $0.48 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.84%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 115.66%.

In other Starwood Property Trust news, COO Andrew Jay Sossen sold 11,270 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $21.94, for a total transaction of $247,263.80. Following the transaction, the chief operating officer now owns 108,258 shares of the company’s stock, valued at approximately $2,375,180.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Rina Paniry sold 6,867 shares of the firm’s stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $21.96, for a total transaction of $150,799.32. Following the transaction, the chief financial officer now directly owns 100,026 shares in the company, valued at approximately $2,196,570.96. The disclosure for this sale can be found here. 2.40% of the stock is owned by company insiders.

Institutional investors have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its stake in shares of Starwood Property Trust by 40.7% in the 1st quarter. Principal Financial Group Inc. now owns 54,361 shares of the real estate investment trust’s stock worth $1,227,000 after purchasing an additional 15,727 shares during the last quarter. Renaissance Technologies LLC acquired a new position in shares of Starwood Property Trust in the 1st quarter worth approximately $11,294,000. Bank of Montreal Can grew its stake in shares of Starwood Property Trust by 1,026.9% in the 2nd quarter. Bank of Montreal Can now owns 510,500 shares of the real estate investment trust’s stock worth $11,430,000 after purchasing an additional 465,198 shares during the last quarter. NN Investment Partners Holdings N.V. acquired a new position in shares of Starwood Property Trust in the 2nd quarter worth approximately $564,000. Finally, Creative Planning grew its stake in shares of Starwood Property Trust by 41.7% in the 2nd quarter. Creative Planning now owns 31,177 shares of the real estate investment trust’s stock worth $698,000 after purchasing an additional 9,168 shares during the last quarter. 67.54% of the stock is currently owned by hedge funds and other institutional investors.

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Starwood Property Trust Company Profile

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