Starwood Property Trust, Inc. (STWD) Stock Rating Upgraded by BidaskClub

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

Several other research analysts have also recently commented on the company. Zacks Investment Research cut Starwood Property Trust from a hold rating to a sell rating in a research note on Wednesday, October 11th. ValuEngine cut Starwood Property Trust from a buy rating to a hold rating in a research note on Tuesday, September 12th. Compass Point upgraded Starwood Property Trust from a neutral rating to a buy rating in a research note on Wednesday, October 25th. Finally, B. Riley reiterated a buy rating and issued a $24.00 price target on shares of Starwood Property Trust in a research note on Thursday, November 9th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $24.00.

Shares of Starwood Property Trust (NYSE:STWD) opened at $21.65 on Friday. Starwood Property Trust has a 1 year low of $21.11 and a 1 year high of $23.01. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 1.68. The firm has a market capitalization of $5,619.30, a PE ratio of 10.25, a PEG ratio of 2.16 and a beta of 0.52.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.54 by $0.11. Starwood Property Trust had a return on equity of 11.88% and a net margin of 52.28%. The company had revenue of $226.77 million during the quarter, compared to the consensus estimate of $236.76 million. During the same quarter in the prior year, the business earned $0.59 earnings per share. The company’s revenue was up 10.8% compared to the same quarter last year. research analysts expect that Starwood Property Trust will post 1.99 EPS for the current fiscal year.

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The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 8.87%. The ex-dividend date is Thursday, December 28th. Starwood Property Trust’s payout ratio is currently 116.36%.

In other Starwood Property Trust news, CFO Rina Paniry sold 6,867 shares of the company’s 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 sale, the chief financial officer now owns 100,026 shares in the company, valued at $2,196,570.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO Andrew Jay Sossen sold 11,270 shares of the company’s 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 sale, the chief operating officer now owns 108,258 shares in the company, valued at approximately $2,375,180.52. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Starwood Property Trust by 5.5% during the second quarter. Vanguard Group Inc. now owns 22,179,781 shares of the real estate investment trust’s stock valued at $496,604,000 after buying an additional 1,156,034 shares in the last quarter. Neuberger Berman Group LLC raised its stake in Starwood Property Trust by 2.9% during the second quarter. Neuberger Berman Group LLC now owns 7,631,024 shares of the real estate investment trust’s stock valued at $170,859,000 after buying an additional 215,564 shares in the last quarter. LSV Asset Management raised its stake in Starwood Property Trust by 4.4% during the second quarter. LSV Asset Management now owns 5,296,409 shares of the real estate investment trust’s stock valued at $118,586,000 after buying an additional 223,100 shares in the last quarter. Fuller & Thaler Asset Management Inc. raised its stake in Starwood Property Trust by 1.3% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,210,616 shares of the real estate investment trust’s stock valued at $48,015,000 after buying an additional 28,685 shares in the last quarter. Finally, Boston Partners raised its stake in Starwood Property Trust by 10.7% during the third quarter. Boston Partners now owns 1,259,369 shares of the real estate investment trust’s stock valued at $27,353,000 after buying an additional 121,545 shares in the last quarter. Hedge funds and other institutional investors own 68.04% of the company’s stock.

About Starwood Property Trust

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