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 $23.00 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. “

How to Become a New Pot Stock Millionaire

Other equities analysts have also issued reports about the stock. Wood & Company began coverage on shares of Starwood Property Trust in a report on Tuesday, March 27th. They issued an outperform rating on the stock. B. Riley restated a buy rating and issued a $24.00 price objective on shares of Starwood Property Trust in a report on Thursday, January 25th. Finally, Raymond James Financial began coverage on shares of Starwood Property Trust in a report on Tuesday, March 27th. They issued an outperform rating and a $24.00 price objective on the stock. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Starwood Property Trust has a consensus rating of Buy and an average target price of $23.67.

NYSE:STWD opened at $20.97 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 stock has a market capitalization of $5,481.18, a price-to-earnings ratio of 9.71, a PEG ratio of 2.04 and a beta of 0.31. Starwood Property Trust has a 1-year low of $19.47 and a 1-year 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 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.02. The company had revenue of $242.80 million for the quarter, compared to analyst estimates of $236.60 million. Starwood Property Trust had a net margin of 45.55% and a return on equity of 12.57%. Starwood Property Trust’s revenue was up 31.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.53 EPS. equities analysts expect that Starwood Property Trust will post 2.05 EPS for the current fiscal 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 issued a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.92 annualized dividend and a dividend yield of 9.16%. Starwood Property Trust’s dividend payout ratio is currently 88.89%.

Hedge funds have recently modified their holdings of the company. New York State Common Retirement Fund lifted its holdings in shares of Starwood Property Trust by 1.7% in the 3rd quarter. New York State Common Retirement Fund now owns 563,500 shares of the real estate investment trust’s stock worth $12,239,000 after acquiring an additional 9,500 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Starwood Property Trust by 8.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 1,098,663 shares of the real estate investment trust’s stock worth $23,457,000 after buying an additional 83,981 shares in the last quarter. Cornerstone Capital Management Holdings LLC. lifted its holdings in Starwood Property Trust by 43.2% during the 3rd quarter. Cornerstone Capital Management Holdings LLC. now owns 127,181 shares of the real estate investment trust’s stock worth $2,762,000 after buying an additional 38,374 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in Starwood Property Trust by 17.2% during the 4th quarter. Oppenheimer & Co. Inc. now owns 40,444 shares of the real estate investment trust’s stock worth $864,000 after buying an additional 5,929 shares in the last quarter. Finally, Assetmark Inc. lifted its holdings in Starwood Property Trust by 465.2% during the 4th quarter. Assetmark Inc. now owns 5,319 shares of the real estate investment trust’s stock worth $114,000 after buying an additional 4,378 shares in the last quarter. Hedge funds and other institutional investors own 70.56% of the company’s stock.

COPYRIGHT VIOLATION NOTICE: “Starwood Property Trust (STWD) Raised to “Buy” at Zacks Investment Research” was reported by Ticker Report and is the sole property of of Ticker Report. If you are accessing this piece of content on another website, it was copied illegally and reposted in violation of U.S. & international copyright and trademark legislation. The original version of this piece of content can be accessed at https://www.tickerreport.com/banking-finance/3342415/starwood-property-trust-stwd-raised-to-buy-at-zacks-investment-research-2.html.

About Starwood Property Trust

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.

Get a free copy of the Zacks research report on Starwood Property Trust (STWD)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Starwood Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starwood Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Q1 2018 EPS Estimates for Buckeye Partners Reduced by US Capital Advisors
Q1 2018 EPS Estimates for Buckeye Partners Reduced by US Capital Advisors
Peabody Energy  Earns Media Sentiment Rating of 0.03
Peabody Energy Earns Media Sentiment Rating of 0.03
Somewhat Favorable News Coverage Somewhat Unlikely to Affect Grupo Aeroportuario del Sureste  Stock Price
Somewhat Favorable News Coverage Somewhat Unlikely to Affect Grupo Aeroportuario del Sureste Stock Price
Healthcare Realty Trust  Earns Coverage Optimism Score of 0.16
Healthcare Realty Trust Earns Coverage Optimism Score of 0.16
Schneider National  Earns Daily News Sentiment Rating of 0.29
Schneider National Earns Daily News Sentiment Rating of 0.29
Worthington Industries  Downgraded by Zacks Investment Research to “Strong Sell”
Worthington Industries Downgraded by Zacks Investment Research to “Strong Sell”


Leave a Reply

© 2006-2018 Ticker Report. Google+.