Starwood Property Trust (NYSE:STWD – Get Free Report) was upgraded by UBS Group to a “strong-buy” rating in a research report issued on Tuesday,Zacks.com reports.
Several other research firms have also issued reports on STWD. JPMorgan Chase & Co. decreased their price target on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Weiss Ratings lowered shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Keefe, Bruyette & Woods reduced their price objective on shares of Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Wells Fargo & Company reduced their price objective on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Finally, Bank of America reaffirmed a “neutral” rating and set a $19.00 price objective on shares of Starwood Property Trust in a report on Friday, March 6th. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.70.
Check Out Our Latest Research Report on STWD
Starwood Property Trust Stock Performance
Starwood Property Trust (NYSE:STWD – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). The company had revenue of $205.55 million during the quarter, compared to analyst estimates of $496.25 million. Starwood Property Trust had a return on equity of 7.91% and a net margin of 18.11%.The business’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.45 earnings per share. Equities research analysts forecast that Starwood Property Trust will post 1.57 EPS for the current year.
Starwood Property Trust declared that its board has approved a share repurchase program on Thursday, February 26th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the real estate investment trust to repurchase up to 6.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board believes its shares are undervalued.
Insider Activity at Starwood Property Trust
In other news, Director Jeffrey G. Dishner sold 7,013 shares of the firm’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $17.13, for a total transaction of $120,132.69. Following the completion of the transaction, the director directly owned 168,152 shares of the company’s stock, valued at approximately $2,880,443.76. This trade represents a 4.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 5.80% of the company’s stock.
Hedge Funds Weigh In On Starwood Property Trust
Hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. lifted its holdings in Starwood Property Trust by 7.1% during the 3rd quarter. Vanguard Group Inc. now owns 32,976,364 shares of the real estate investment trust’s stock valued at $638,752,000 after purchasing an additional 2,193,085 shares during the last quarter. Envestnet Asset Management Inc. lifted its holdings in Starwood Property Trust by 19.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 589,169 shares of the real estate investment trust’s stock valued at $11,412,000 after purchasing an additional 96,484 shares during the last quarter. Argosy Lionbridge Management LLC lifted its holdings in Starwood Property Trust by 286.1% during the 3rd quarter. Argosy Lionbridge Management LLC now owns 102,566 shares of the real estate investment trust’s stock valued at $1,987,000 after purchasing an additional 76,000 shares during the last quarter. GraniteShares Advisors LLC bought a new position in Starwood Property Trust during the 4th quarter valued at about $2,617,000. Finally, Blair William & Co. IL lifted its holdings in Starwood Property Trust by 36.6% during the 3rd quarter. Blair William & Co. IL now owns 647,024 shares of the real estate investment trust’s stock valued at $12,533,000 after purchasing an additional 173,462 shares during the last quarter. 49.82% of the stock is owned by institutional investors.
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.
Featured Stories
- Five stocks we like better than Starwood Property Trust
- As AI Data Breaches Become More Common, This Cybersecurity ETF Is SurgingAI
- Coke’s $10B India IPO Plan Pops the Top on Hidden Value
- FedEx Unboxes Billions in Post-Spinoff Value
- Marvell’s AI Moment Raises a Bigger Question for Amazon and ServiceNow
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.
