Starwood Property Trust, Inc. (NYSE:STWD) has earned a consensus recommendation of “Buy” from the ten brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $18.00.
STWD has been the topic of a number of research reports. BidaskClub upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Friday, December 25th. Wolfe Research initiated coverage on Starwood Property Trust in a report on Friday, November 6th. They issued a “market perform” rating on the stock. Finally, ValuEngine downgraded Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Thursday, October 1st.
In other Starwood Property Trust news, COO Andrew Jay Sossen sold 12,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 24th. The stock was sold at an average price of $19.21, for a total transaction of $240,125.00. Following the completion of the sale, the chief operating officer now owns 207,613 shares of the company’s stock, valued at $3,988,245.73. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.50% of the stock is owned by corporate insiders.
Institutional investors and hedge funds have recently bought and sold shares of the company. Prospera Financial Services Inc bought a new stake in shares of Starwood Property Trust in the third quarter valued at approximately $30,000. Marshall Wace North America L.P. bought a new stake in shares of Starwood Property Trust in the first quarter valued at approximately $60,000. Jeppson Wealth Management LLC bought a new stake in shares of Starwood Property Trust in the third quarter valued at approximately $52,000. Glassman Wealth Services boosted its position in shares of Starwood Property Trust by 1,545.3% in the third quarter. Glassman Wealth Services now owns 3,817 shares of the real estate investment trust’s stock valued at $58,000 after acquiring an additional 3,585 shares during the period. Finally, WASHINGTON TRUST Co boosted its position in shares of Starwood Property Trust by 42.4% in the third quarter. WASHINGTON TRUST Co now owns 5,375 shares of the real estate investment trust’s stock valued at $81,000 after acquiring an additional 1,600 shares during the period. 53.68% of the stock is owned by institutional investors.
NYSE STWD opened at $19.30 on Friday. The stock’s 50-day moving average price is $18.62 and its two-hundred day moving average price is $16.07. The company has a current ratio of 2.81, a quick ratio of 2.81 and a debt-to-equity ratio of 2.40. The company has a market cap of $5.49 billion, a PE ratio of 14.51 and a beta of 1.39. Starwood Property Trust has a 1 year low of $7.59 and a 1 year high of $26.33.
Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Thursday, November 5th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.09. The firm had revenue of $267.43 million for the quarter, compared to the consensus estimate of $267.49 million. Starwood Property Trust had a return on equity of 11.07% and a net margin of 32.32%. The business’s revenue for the quarter was down 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.52 EPS. Research analysts forecast that Starwood Property Trust will post 1.7 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, January 15th. Shareholders of record on Thursday, December 31st will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, December 30th. This represents a $1.92 dividend on an annualized basis and a yield of 9.95%. Starwood Property Trust’s payout ratio is currently 112.28%.
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 Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial and residential first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, and other real estate and real estate-related debt investments.
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