BidaskClub upgraded shares of Starwood Property Trust, Inc. (NYSE:STWD) from a sell rating to a hold rating in a research report released on Friday, November 10th.
Several other research analysts have also weighed in on the stock. Compass Point raised shares of Starwood Property Trust from a neutral rating to a buy rating in a report on Wednesday, October 25th. Zacks Investment Research downgraded shares of Starwood Property Trust from a hold rating to a sell rating in a research report on Wednesday, October 11th. ValuEngine downgraded shares of Starwood Property Trust from a buy rating to a hold rating in a research report on Tuesday, September 12th. Finally, B. Riley reiterated a buy rating and issued a $24.00 price objective on shares of Starwood Property Trust in a research report on Thursday, November 9th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of Buy and an average price target of $24.00.
Starwood Property Trust (NYSE:STWD) opened at $21.78 on Friday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.47 and a current ratio of 2.47. The firm has a market cap of $5,661.06, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 2.05 and a beta of 0.52. Starwood Property Trust has a one year low of $21.27 and a one year high of $23.01.
Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Wednesday, November 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping 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 company had revenue of $226.77 million for the quarter, compared to the consensus estimate of $236.76 million. During the same quarter last year, the firm posted $0.59 earnings per share. Starwood Property Trust’s revenue was up 10.8% on a year-over-year basis. equities analysts expect that Starwood Property Trust will post 2.12 EPS for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be paid a $0.48 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.92 annualized dividend and a dividend yield of 8.82%. Starwood Property Trust’s dividend payout ratio is currently 116.36%.
In related news, CFO Rina Paniry sold 6,867 shares of the business’s stock in a transaction on 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 owns 100,026 shares of the company’s stock, valued at $2,196,570.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, COO Andrew Jay Sossen sold 11,270 shares of the business’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $21.94, for a total transaction of $247,263.80. Following the completion of the sale, the chief operating officer now directly owns 108,258 shares in the company, valued at approximately $2,375,180.52. The disclosure for this sale can be found here. Insiders own 2.40% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the business. GSA Capital Partners LLP acquired a new stake in Starwood Property Trust during the 3rd quarter valued at $362,000. Belpointe Asset Management LLC acquired a new stake in Starwood Property Trust during the 3rd quarter valued at $368,000. Dana Investment Advisors Inc. lifted its holdings in Starwood Property Trust by 2.6% during the 3rd quarter. Dana Investment Advisors Inc. now owns 1,285,462 shares of the real estate investment trust’s stock valued at $27,920,000 after purchasing an additional 32,089 shares during the last quarter. California Public Employees Retirement System lifted its holdings in Starwood Property Trust by 6.8% during the 3rd quarter. California Public Employees Retirement System now owns 761,431 shares of the real estate investment trust’s stock valued at $16,538,000 after purchasing an additional 48,631 shares during the last quarter. Finally, Tortoise Investment Management LLC acquired a new stake in Starwood Property Trust during the 3rd quarter valued at $215,000. 68.11% of the stock is owned by institutional investors and hedge funds.
About Starwood Property Trust
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