Starwood Property Trust, Inc. (STWD) Upgraded to Hold by Zacks Investment Research

Starwood Property Trust, Inc. (NYSE:STWD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Starwood Property Trust, Inc. is a newly formed company that is focused primarily on originating, investing in, financing and managing commercial mortgage loans and other commercial real estate-related debt investments. Starwood Property Trust, Inc. will be externally managed and advised by SPT Management, LLC, an affiliate of Starwood Capital Group and intends to elect to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. “

Separately, BidaskClub raised shares of Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $24.33.

Shares of Starwood Property Trust (NYSE STWD) opened at 22.06 on Tuesday. Starwood Property Trust has a one year low of $21.11 and a one year high of $23.32. The stock’s 50 day moving average price is $22.04 and its 200-day moving average price is $22.31. The company has a market cap of $5.72 billion, a PE ratio of 12.67 and a beta of 0.53.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. Starwood Property Trust had a net margin of 55.89% and a return on equity of 11.39%. The firm had revenue of $211.57 million during the quarter, compared to the consensus estimate of $244.13 million. During the same period in the prior year, the firm earned $0.50 EPS. On average, analysts expect that Starwood Property Trust will post $2.10 EPS for the current year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. boosted its holdings in Starwood Property Trust by 1.0% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 5,288 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 50 shares during the period. Penserra Capital Management LLC boosted its holdings in Starwood Property Trust by 52.3% in the 1st quarter. Penserra Capital Management LLC now owns 5,867 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 2,015 shares during the period. ClariVest Asset Management LLC boosted its holdings in Starwood Property Trust by 26.6% in the 2nd quarter. ClariVest Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock worth $146,000 after buying an additional 1,366 shares during the period. Ffcm LLC boosted its holdings in Starwood Property Trust by 108.2% in the 2nd quarter. Ffcm LLC now owns 7,253 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 3,769 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in Starwood Property Trust by 5.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,039 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 438 shares during the period. 68.59% of the stock is owned by institutional investors.

About Starwood Property Trust

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