Starwood Property Trust (NYSE:STWD) Upgraded by Wall Street Zen to “Hold” Rating

Wall Street Zen upgraded shares of Starwood Property Trust (NYSE:STWD) from a sell rating to a hold rating in a report published on Saturday morning.

Several other analysts also recently commented on STWD. Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Keefe, Bruyette & Woods reduced their target price on shares of Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating for the company in a report on Wednesday, May 13th. JPMorgan Chase & Co. decreased their target price on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Weiss Ratings lowered shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, UBS Group began coverage on Starwood Property Trust in a research report on Tuesday, June 2nd. They set a “buy” rating and a $20.00 price target on the stock. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $19.70.

Starwood Property Trust Trading Down 0.7%

Shares of NYSE:STWD opened at $16.97 on Friday. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.31. Starwood Property Trust has a 52-week low of $16.29 and a 52-week high of $20.84. The stock has a market cap of $6.29 billion, a price-to-earnings ratio of 17.68, a PEG ratio of 2.24 and a beta of 0.98. The business has a 50-day moving average price of $16.89 and a 200-day moving average price of $17.59.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Friday, May 8th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Starwood Property Trust had a net margin of 18.11% and a return on equity of 7.91%. The firm had revenue of $205.55 million during the quarter, compared to analysts’ expectations of $496.25 million. During the same quarter in the prior year, the company earned $0.45 EPS. Starwood Property Trust’s quarterly revenue was up 22.5% on a year-over-year basis. Equities analysts predict that Starwood Property Trust will post 1.55 EPS for the current year.

Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 11.3%. The ex-dividend date of this dividend was Tuesday, June 30th. Starwood Property Trust’s payout ratio is 200.00%.

Institutional Trading of Starwood Property Trust

A number of hedge funds have recently added to or reduced their stakes in STWD. Peak Financial Advisors LLC raised its position in shares of Starwood Property Trust by 2.2% during the 1st quarter. Peak Financial Advisors LLC now owns 25,664 shares of the real estate investment trust’s stock worth $442,000 after purchasing an additional 559 shares during the last quarter. Brown Advisory Inc. boosted its holdings in Starwood Property Trust by 1.3% in the 4th quarter. Brown Advisory Inc. now owns 47,432 shares of the real estate investment trust’s stock worth $854,000 after buying an additional 600 shares during the last quarter. CIBC Private Wealth Group LLC boosted its holdings in Starwood Property Trust by 11.5% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 5,943 shares of the real estate investment trust’s stock worth $115,000 after buying an additional 613 shares during the last quarter. Quadrant Capital Group LLC increased its stake in Starwood Property Trust by 2.3% during the 3rd quarter. Quadrant Capital Group LLC now owns 27,220 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 621 shares in the last quarter. Finally, Mutual Advisors LLC increased its stake in Starwood Property Trust by 1.8% during the 4th quarter. Mutual Advisors LLC now owns 36,608 shares of the real estate investment trust’s stock worth $659,000 after buying an additional 631 shares in the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

About Starwood Property Trust

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.