ValuEngine Downgrades Starwood Property Trust (NYSE:STWD) to Hold

ValuEngine downgraded shares of Starwood Property Trust (NYSE:STWD) from a buy rating to a hold rating in a research report sent to investors on Wednesday, May 2nd.

A number of other analysts have also recently commented on the company. Zacks Investment Research cut Starwood Property Trust from a buy rating to a hold rating in a research report on Saturday, April 7th. Raymond James initiated coverage on Starwood Property Trust in a research note on Tuesday, March 27th. They set an outperform rating and a $24.00 price objective on the stock. Wood & Company initiated coverage on Starwood Property Trust in a research note on Tuesday, March 27th. They issued an outperform rating on the stock. Finally, B. Riley reaffirmed a buy rating and issued a $24.00 price target on shares of Starwood Property Trust in a research note on Thursday, January 25th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Starwood Property Trust has a consensus rating of Buy and an average target price of $24.00.

Shares of Starwood Property Trust stock opened at $21.45 on Wednesday. Starwood Property Trust has a 12 month low of $21.46 and a 12 month high of $21.56. The firm has a market cap of $5.64 billion, a PE ratio of 9.93, a PEG ratio of 2.04 and a beta of 0.31. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.67 and a current ratio of 2.67.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Friday, May 4th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.05. The business had revenue of $260.59 million during the quarter, compared to the consensus estimate of $252.10 million. Starwood Property Trust had a return on equity of 13.05% and a net margin of 42.30%. The company’s quarterly revenue was up 31.1% on a year-over-year basis. During the same quarter last year, the company earned $0.51 earnings per share. sell-side analysts predict that Starwood Property Trust will post 2.11 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Investors of record on Friday, June 29th will be given a $0.48 dividend. The ex-dividend date is Thursday, June 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.95%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 88.89%.

A number of institutional investors have recently bought and sold shares of STWD. Renaissance Technologies LLC lifted its position in Starwood Property Trust by 86.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,241,784 shares of the real estate investment trust’s stock worth $47,862,000 after acquiring an additional 1,039,900 shares during the period. Boston Partners raised its stake in shares of Starwood Property Trust by 69.9% during the 4th quarter. Boston Partners now owns 2,139,400 shares of the real estate investment trust’s stock worth $45,676,000 after buying an additional 880,031 shares in the last quarter. Madison International Realty Holdings LLC increased its stake in Starwood Property Trust by 635.3% in the 1st quarter. Madison International Realty Holdings LLC now owns 969,229 shares of the real estate investment trust’s stock valued at $20,305,000 after purchasing an additional 837,408 shares in the last quarter. Two Sigma Advisers LP increased its stake in Starwood Property Trust by 57.7% in the 4th quarter. Two Sigma Advisers LP now owns 1,938,353 shares of the real estate investment trust’s stock valued at $41,384,000 after purchasing an additional 709,300 shares in the last quarter. Finally, Northern Trust Corp increased its stake in Starwood Property Trust by 44.5% in the 1st quarter. Northern Trust Corp now owns 2,047,511 shares of the real estate investment trust’s stock valued at $42,895,000 after purchasing an additional 630,903 shares in the last quarter. 69.26% of the stock is owned by institutional investors.

Starwood Property Trust Company Profile

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.

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