STARWOOD PROPERTY TRUST, INC. (NYSE:STWD) Downgraded by BidaskClub

BidaskClub downgraded shares of STARWOOD PROPERTY TRUST, INC. (NYSE:STWD) from a buy rating to a hold rating in a research report released on Monday, July 24th.

Separately, Zacks Investment Research raised STARWOOD PROPERTY TRUST, INC. from a sell rating to a hold rating in a report on Saturday, April 15th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus price target of $24.00.

Shares of STARWOOD PROPERTY TRUST, INC. (STWD) traded down 0.76% during trading on Monday, reaching $22.06. 1,846,226 shares of the company traded hands. The company has a 50 day moving average price of $22.15 and a 200 day moving average price of $22.38. The firm has a market capitalization of $5.73 billion, a price-to-earnings ratio of 12.67 and a beta of 0.54. STARWOOD PROPERTY TRUST, INC. has a 12-month low of $21.11 and a 12-month high of $23.46.

STARWOOD PROPERTY TRUST, INC. (NYSE:STWD) last posted its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The business had revenue of $211.57 million during the quarter, compared to the consensus estimate of $244.13 million. STARWOOD PROPERTY TRUST, INC. had a return on equity of 11.39% and a net margin of 55.89%. During the same period in the prior year, the company posted $0.50 EPS. On average, equities analysts predict that STARWOOD PROPERTY TRUST, INC. will post $2.09 EPS for the current year.

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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Shareholders of record on Friday, September 29th will be paid a $0.48 dividend. The ex-dividend date is Thursday, September 28th. This represents a $1.92 dividend on an annualized basis and a yield of 8.70%. STARWOOD PROPERTY TRUST, INC.’s payout ratio is 109.09%.

A number of hedge funds have recently added to or reduced their stakes in the company. Clough Capital Partners L P raised its stake in STARWOOD PROPERTY TRUST, INC. by 107.0% in the first quarter. Clough Capital Partners L P now owns 3,651,545 shares of the real estate investment trust’s stock worth $81,341,000 after buying an additional 1,887,782 shares during the last quarter. Vanguard Group Inc. increased its position in STARWOOD PROPERTY TRUST, INC. by 8.4% in the first quarter. Vanguard Group Inc. now owns 21,023,747 shares of the real estate investment trust’s stock worth $474,716,000 after buying an additional 1,635,444 shares during the last quarter. American Century Companies Inc. increased its position in STARWOOD PROPERTY TRUST, INC. by 5,055.7% in the first quarter. American Century Companies Inc. now owns 1,268,565 shares of the real estate investment trust’s stock worth $28,644,000 after buying an additional 1,243,960 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in STARWOOD PROPERTY TRUST, INC. by 22.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,778,303 shares of the real estate investment trust’s stock worth $107,894,000 after buying an additional 883,587 shares during the last quarter. Finally, Renaissance Technologies LLC purchased a new position in STARWOOD PROPERTY TRUST, INC. during the first quarter worth about $11,294,000. Institutional investors and hedge funds own 74.20% of the company’s stock.

About STARWOOD PROPERTY TRUST, INC.

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