Starwood Property Trust (NYSE:STWD) Upgraded to Hold at Zacks Research

Starwood Property Trust (NYSE:STWD) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Monday,Zacks.com reports.

STWD has been the subject of several other research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday, October 8th. Keefe, Bruyette & Woods cut their price objective on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Finally, Wells Fargo & Company reduced their price objective on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Starwood Property Trust has a consensus rating of “Moderate Buy” and an average target price of $20.63.

Starwood Property Trust Trading Up 0.0%

Shares of Starwood Property Trust stock traded up $0.01 during trading hours on Monday, reaching $17.89. The stock had a trading volume of 385,424 shares, compared to its average volume of 3,797,615. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 17.03 and a beta of 1.13. Starwood Property Trust has a 1 year low of $16.59 and a 1 year high of $21.05. The company has a current ratio of 1.33, a quick ratio of 1.33 and a debt-to-equity ratio of 2.98. The firm has a 50 day simple moving average of $18.23 and a two-hundred day simple moving average of $19.21.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Monday, November 10th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). Starwood Property Trust had a return on equity of 8.41% and a net margin of 20.28%.The business had revenue of $247.87 million for the quarter, compared to analyst estimates of $479.70 million. During the same period last year, the company posted $0.48 EPS. The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. As a group, equities research analysts anticipate that Starwood Property Trust will post 1.88 earnings per share for the current year.

Institutional Trading of Starwood Property Trust

Several institutional investors have recently added to or reduced their stakes in STWD. KMG Fiduciary Partners LLC lifted its holdings in Starwood Property Trust by 40.3% in the fourth quarter. KMG Fiduciary Partners LLC now owns 135,420 shares of the real estate investment trust’s stock worth $2,439,000 after purchasing an additional 38,867 shares during the period. Peak Financial Advisors LLC raised its position in shares of Starwood Property Trust by 4.7% during the 4th quarter. Peak Financial Advisors LLC now owns 25,105 shares of the real estate investment trust’s stock worth $452,000 after buying an additional 1,125 shares in the last quarter. SG Americas Securities LLC lifted its stake in shares of Starwood Property Trust by 1,650.2% in the 4th quarter. SG Americas Securities LLC now owns 372,837 shares of the real estate investment trust’s stock worth $6,715,000 after acquiring an additional 351,534 shares during the period. Elevation Wealth Partners LLC acquired a new stake in shares of Starwood Property Trust in the 4th quarter worth approximately $60,000. Finally, MassMutual Private Wealth & Trust FSB boosted its holdings in shares of Starwood Property Trust by 106.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,449 shares of the real estate investment trust’s stock valued at $26,000 after acquiring an additional 746 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Company Profile

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.