BidaskClub downgraded shares of Starwood Property Trust, Inc. (NYSE:STWD) from a hold rating to a sell rating in a research note issued to investors on Thursday, October 26th.
STWD has been the topic of several other research reports. ValuEngine downgraded Starwood Property Trust from a buy rating to a hold rating in a research note on Tuesday, September 12th. Zacks Investment Research raised shares of Starwood Property Trust from a sell rating to a hold rating in a report on Tuesday, September 12th. Finally, Compass Point raised shares of Starwood Property Trust from a neutral rating to a buy rating in a report on Wednesday, October 25th. Three equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Starwood Property Trust currently has an average rating of Buy and an average price target of $24.00.
Starwood Property Trust (STWD) traded down $0.34 during mid-day trading on Thursday, reaching $21.53. The company’s stock had a trading volume of 2,506,500 shares, compared to its average volume of 1,677,978. The firm has a market cap of $5,619.31, a P/E ratio of 10.25, a P/E/G ratio of 2.16 and a beta of 0.52. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.47 and a quick ratio of 1.97. Starwood Property Trust has a fifty-two week low of $21.11 and a fifty-two week high of $23.01.
Starwood Property Trust (NYSE:STWD) last announced its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.54 by $0.11. Starwood Property Trust had a return on equity of 11.88% and a net margin of 52.28%. The firm had revenue of $226.77 million for the quarter, compared to the consensus estimate of $236.76 million. During the same quarter in the previous year, the business earned $0.59 EPS. The company’s revenue was up 10.8% compared to the same quarter last year. equities research analysts expect that Starwood Property Trust will post 1.99 earnings per share for the current year.
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The firm also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.92 annualized dividend and a yield of 8.92%. Starwood Property Trust’s payout ratio is 116.36%.
In other news, COO Andrew Jay Sossen sold 11,270 shares of the stock in a transaction dated Tuesday, September 19th. The shares were sold at an average price of $21.94, for a total transaction of $247,263.80. Following the completion of the sale, the chief operating officer now directly owns 108,258 shares in the company, valued at $2,375,180.52. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Rina Paniry sold 6,867 shares of the stock in a transaction dated Tuesday, September 19th. The stock was sold at an average price of $21.96, for a total transaction of $150,799.32. Following the completion of the transaction, the chief financial officer now directly owns 100,026 shares of the company’s stock, valued at $2,196,570.96. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in STWD. Principal Financial Group Inc. raised its stake in Starwood Property Trust by 40.7% in the first quarter. Principal Financial Group Inc. now owns 54,361 shares of the real estate investment trust’s stock worth $1,227,000 after buying an additional 15,727 shares in the last quarter. Teachers Advisors LLC increased its stake in shares of Starwood Property Trust by 20.1% during the first quarter. Teachers Advisors LLC now owns 1,027,970 shares of the real estate investment trust’s stock valued at $23,212,000 after purchasing an additional 171,798 shares in the last quarter. Legal & General Group Plc increased its stake in shares of Starwood Property Trust by 51.4% during the first quarter. Legal & General Group Plc now owns 192,546 shares of the real estate investment trust’s stock valued at $4,347,000 after purchasing an additional 65,366 shares in the last quarter. Renaissance Technologies LLC bought a new stake in shares of Starwood Property Trust during the first quarter valued at approximately $11,294,000. Finally, KCG Holdings Inc. increased its position in shares of Starwood Property Trust by 31.0% during the first quarter. KCG Holdings Inc. now owns 33,364 shares of the real estate investment trust’s stock valued at $753,000 after acquiring an additional 7,903 shares in the last quarter. 68.94% of the stock is owned by institutional investors.
About Starwood Property Trust
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