Starwood Property Trust (STWD) Stock Rating Lowered by Zacks Investment Research

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Starwood Property Trust (NYSE:STWD) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a research note issued on Tuesday.

According to Zacks, “Starwood Property Trust, Inc. is a newly formed company that is focused primarily on originating, investing in, financing and managing commercial mortgage loans and other commercial real estate-related debt investments. Starwood Property Trust, Inc. will be externally managed and advised by SPT Management, LLC, an affiliate of Starwood Capital Group and intends to elect to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. “

STWD has been the topic of a number of other reports. JPMorgan Chase & Co. initiated coverage on shares of Starwood Property Trust in a report on Friday, September 21st. They set an “overweight” rating and a $23.00 target price on the stock. Credit Suisse Group boosted their target price on shares of Starwood Property Trust from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Tuesday, August 21st. Finally, ValuEngine upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, July 28th. Three investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. Starwood Property Trust currently has a consensus rating of “Buy” and an average target price of $24.00.

NYSE STWD opened at $21.72 on Tuesday. The company has a debt-to-equity ratio of 1.82, a quick ratio of 2.00 and a current ratio of 2.00. Starwood Property Trust has a 12-month low of $19.47 and a 12-month high of $23.04. The company has a market capitalization of $5.73 billion, a PE ratio of 10.06, a price-to-earnings-growth ratio of 2.02 and a beta of 0.33.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Wednesday, August 8th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.01. The business had revenue of $307.20 million for the quarter, compared to the consensus estimate of $257.88 million. Starwood Property Trust had a net margin of 39.03% and a return on equity of 13.19%. The firm’s revenue for the quarter was up 45.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.52 earnings per share. On average, analysts predict that Starwood Property Trust will post 2.12 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Creative Planning boosted its position in Starwood Property Trust by 7.6% during the second quarter. Creative Planning now owns 32,209 shares of the real estate investment trust’s stock worth $699,000 after purchasing an additional 2,262 shares during the period. Fiduciary Financial Services of The Southwest Inc. TX boosted its position in Starwood Property Trust by 1.1% during the third quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 215,410 shares of the real estate investment trust’s stock worth $4,636,000 after purchasing an additional 2,353 shares during the period. Pekin Singer Strauss Asset Management IL boosted its position in Starwood Property Trust by 18.2% during the second quarter. Pekin Singer Strauss Asset Management IL now owns 15,400 shares of the real estate investment trust’s stock worth $334,000 after purchasing an additional 2,375 shares during the period. BTR Capital Management Inc. boosted its position in Starwood Property Trust by 0.8% during the second quarter. BTR Capital Management Inc. now owns 361,148 shares of the real estate investment trust’s stock worth $7,841,000 after purchasing an additional 2,703 shares during the period. Finally, IFP Advisors Inc boosted its position in Starwood Property Trust by 55.6% during the third quarter. IFP Advisors Inc now owns 7,722 shares of the real estate investment trust’s stock worth $166,000 after purchasing an additional 2,760 shares during the period. Institutional investors and hedge funds own 66.08% of the company’s stock.

About Starwood Property Trust

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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