Starwood Property Trust (STWD) Raised to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of Starwood Property Trust (NYSE:STWD) from a hold rating to a buy rating in a research report report published on Thursday. They currently have $24.00 price target on the real estate investment trust’s stock.

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. “

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Other analysts also recently issued reports about the company. B. Riley restated a buy rating and issued a $24.00 price objective on shares of Starwood Property Trust in a research report on Thursday, January 25th. ValuEngine upgraded Starwood Property Trust from a hold rating to a buy rating in a research report on Friday, December 1st. Two investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Buy and a consensus target price of $24.00.

Shares of Starwood Property Trust stock opened at $20.92 on Thursday. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 1.74. The company has a market capitalization of $5,468.11, a price-to-earnings ratio of 13.85, a price-to-earnings-growth ratio of 2.01 and a beta of 0.35. Starwood Property Trust has a 12-month low of $19.47 and a 12-month high of $23.01.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Wednesday, February 28th. The real estate investment trust reported $0.55 EPS for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.02. The company had revenue of $242.80 million for the quarter, compared to the consensus estimate of $236.60 million. Starwood Property Trust had a return on equity of 12.57% and a net margin of 45.55%. Starwood Property Trust’s quarterly revenue was up 31.6% compared to the same quarter last year. During the same period in the previous year, the business earned $0.53 earnings per share. equities analysts predict that Starwood Property Trust will post 2.08 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Stockholders of record on Friday, March 30th will be given a $0.48 dividend. The ex-dividend date is Wednesday, March 28th. This represents a $1.92 annualized dividend and a dividend yield of 9.18%. Starwood Property Trust’s dividend payout ratio is currently 127.15%.

Several large investors have recently modified their holdings of the company. The Manufacturers Life Insurance Company lifted its position in shares of Starwood Property Trust by 17.4% in the second quarter. The Manufacturers Life Insurance Company now owns 10,738 shares of the real estate investment trust’s stock valued at $241,000 after acquiring an additional 1,593 shares in the last quarter. First Manhattan Co. lifted its position in shares of Starwood Property Trust by 38.3% in the fourth quarter. First Manhattan Co. now owns 8,885 shares of the real estate investment trust’s stock valued at $189,000 after acquiring an additional 2,460 shares in the last quarter. Lodestar Investment Counsel LLC IL lifted its position in shares of Starwood Property Trust by 1.0% in the fourth quarter. Lodestar Investment Counsel LLC IL now owns 245,325 shares of the real estate investment trust’s stock valued at $5,238,000 after acquiring an additional 2,500 shares in the last quarter. BTR Capital Management Inc. lifted its position in shares of Starwood Property Trust by 0.7% in the fourth quarter. BTR Capital Management Inc. now owns 351,492 shares of the real estate investment trust’s stock valued at $7,504,000 after acquiring an additional 2,505 shares in the last quarter. Finally, US Bancorp DE lifted its position in shares of Starwood Property Trust by 4.2% in the fourth quarter. US Bancorp DE now owns 64,122 shares of the real estate investment trust’s stock valued at $1,369,000 after acquiring an additional 2,564 shares in the last quarter. Institutional investors and hedge funds own 70.53% of the company’s stock.

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About Starwood Property Trust

Starwood Property Trust, Inc is a real estate investment trust. The Company operates through three business segments: Real estate lending (the Lending Segment), which engages primarily in originating, acquiring, financing and managing commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, and other real estate and real estate-related debt investments; Real estate investing and servicing (the Investing and Servicing Segment), which includes a servicing business in the United States that manages and works out problem assets; an investment business that selectively acquires and manages unrated, investment grade and non-investment grade rated CMBS, and a mortgage loan business, and Real estate property (the Property Segment), which engages primarily in acquiring and managing equity interests in stabilized commercial real estate properties.

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