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

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

Several other research firms have also weighed in on STWD. JPMorgan Chase & Co. lowered their target price on shares of Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a report on Tuesday, August 18th. Zacks Research upgraded shares of Starwood Property Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 20th. Citigroup restated a “market outperform” rating on shares of Starwood Property Trust in a research report on Monday, October 26th. Weiss Ratings cut shares of Starwood Property Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Thursday, October 8th. Finally, Keefe, Bruyette & Woods dropped their price objective on shares of Starwood Property Trust from $16.00 to $15.00 and set an “outperform” rating for the company in a report on Wednesday. One analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.50.

Check Out Our Latest Report on Starwood Property Trust

Starwood Property Trust Stock Performance

Shares of NYSE:STWD opened at $12.04 on Friday. The business’s fifty day moving average price is $13.77 and its two-hundred day moving average price is $16.41. Starwood Property Trust has a fifty-two week low of $11.84 and a fifty-two week high of $18.66. The stock has a market capitalization of $4.46 billion, a price-to-earnings ratio of -17.71, a price-to-earnings-growth ratio of 1.67 and a beta of 1.03. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.46 and a quick ratio of 1.46.

Starwood Property Trust (NYSE:STWD – Get Free Report) last issued its quarterly earnings data on Friday, November 6th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $545.85 million during the quarter, compared to analysts’ expectations of $531.80 million. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%. The business’s revenue was down 22.8% on a year-over-year basis. During the same period last year, the business earned $0.40 earnings per share. As a group, analysts predict that Starwood Property Trust will post 1.33 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 15.9%. The ex-dividend date was Wednesday, September 30th. Starwood Property Trust’s dividend payout ratio is presently 325.42%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Versant Capital Management Inc increased its position in Starwood Property Trust by 293.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,954 shares of the real estate investment trust’s stock valued at $32,000 after acquiring an additional 1,457 shares in the last quarter. Orion Capital Management LLC acquired a new position in shares of Starwood Property Trust during the second quarter worth approximately $33,000. Bullseye Investment Management LLC acquired a new position in shares of Starwood Property Trust during the second quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. bought a new stake in shares of Starwood Property Trust during the second quarter valued at approximately $63,000. Finally, Integrated Wealth Concepts LLC bought a new stake in shares of Starwood Property Trust during the second quarter valued at approximately $68,000. 49.82% of the stock is owned by institutional investors.

Key Stories Impacting Starwood Property Trust

Here are the key news stories impacting Starwood Property Trust this week:

Starwood Property Trust Company Profile

(Get Free Report)

Starwood Property Trust, Inc is a real estate investment trust that focuses on commercial real estate finance and related investments. The company originates, acquires, and manages a range of real estate debt and equity investments, serving institutional borrowers, property owners, and developers.

Its portfolio and lending activities include senior mortgage loans, mezzanine debt, subordinated loans, preferred equity, commercial mortgage-backed securities, and other structured real estate investments.

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Analyst Recommendations for Starwood Property Trust (NYSE:STWD)

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