Starwood Property Trust (NYSE:STWD – Get Free Report) was upgraded by Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued on Thursday,Zacks.com reports.
A number of other analysts also recently issued reports on the stock. Weiss Ratings downgraded shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Bank of America restated a “neutral” rating and set a $19.00 price target on shares of Starwood Property Trust in a research report on Friday, March 6th. UBS Group began coverage on Starwood Property Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $20.00 price target for the company. JPMorgan Chase & Co. cut their price objective on Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Finally, Wells Fargo & Company reduced 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 Thursday, February 26th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $19.70.
Check Out Our Latest Report on STWD
Starwood Property Trust Stock Up 1.1%
Starwood Property Trust (NYSE:STWD – Get Free Report) last announced its 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). Starwood Property Trust had a net margin of 18.11% and a return on equity of 7.91%. The company had revenue of $205.55 million for the quarter, compared to the consensus estimate of $496.25 million. During the same quarter in the previous year, the firm earned $0.45 earnings per share. The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. Sell-side analysts predict that Starwood Property Trust will post 1.55 EPS for the current fiscal year.
Insiders Place Their Bets
In other Starwood Property Trust news, Director Jeffrey G. Dishner sold 7,013 shares of the company’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 sale, the director directly owned 168,152 shares in the company, valued at $2,880,443.76. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 5.80% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Starwood Property Trust
A number of hedge funds and other institutional investors have recently modified their holdings of STWD. MassMutual Private Wealth & Trust FSB boosted its holdings in Starwood Property Trust by 106.1% during the 4th 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 during the period. CENTRAL TRUST Co increased its stake in Starwood Property Trust by 154.4% in the 4th quarter. CENTRAL TRUST Co now owns 1,496 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 908 shares during the period. Los Angeles Capital Management LLC purchased a new position in Starwood Property Trust in the 4th quarter worth approximately $28,000. FNY Investment Advisers LLC bought a new stake in Starwood Property Trust in the third quarter valued at approximately $30,000. Finally, Flagship Harbor Advisors LLC bought a new stake in Starwood Property Trust in the fourth quarter valued at approximately $53,000. Institutional investors own 49.82% of the company’s stock.
About Starwood Property Trust
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.
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