Starwood Property Trust, Inc. (NYSE:STWD) Given Average Recommendation of “Buy” by Brokerages

Starwood Property Trust, Inc. (NYSE:STWDGet Rating) has earned a consensus rating of “Buy” from the six research firms that are covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $28.75.

A number of analysts have recently weighed in on the company. StockNews.com initiated coverage on Starwood Property Trust in a research report on Thursday, March 31st. They set a “hold” rating for the company. Raymond James upgraded shares of Starwood Property Trust from an “outperform” rating to a “strong-buy” rating and set a $32.00 price objective for the company in a research report on Thursday, March 31st. Finally, Zacks Investment Research downgraded Starwood Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, April 6th.

In related news, COO Andrew Jay Sossen sold 33,750 shares of Starwood Property Trust stock in a transaction that occurred on Thursday, March 31st. The shares were sold at an average price of $24.25, for a total transaction of $818,437.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 5.00% of the company’s stock.

A number of large investors have recently made changes to their positions in the stock. Ellevest Inc. grew its position in shares of Starwood Property Trust by 1,076.1% in the 1st quarter. Ellevest Inc. now owns 1,082 shares of the real estate investment trust’s stock valued at $26,000 after buying an additional 990 shares during the last quarter. Covestor Ltd acquired a new position in shares of Starwood Property Trust in the fourth quarter worth approximately $42,000. Disciplined Investments LLC bought a new stake in Starwood Property Trust in the third quarter valued at approximately $43,000. Bessemer Group Inc. acquired a new stake in Starwood Property Trust during the 4th quarter valued at approximately $49,000. Finally, Dark Forest Capital Management LP bought a new position in Starwood Property Trust during the 3rd quarter worth approximately $50,000. 44.70% of the stock is owned by institutional investors and hedge funds.

NYSE STWD traded down $0.51 on Monday, reaching $23.35. The stock had a trading volume of 42,676 shares, compared to its average volume of 2,292,973. Starwood Property Trust has a 1-year low of $22.37 and a 1-year high of $27.00. The company has a debt-to-equity ratio of 2.65, a current ratio of 2.31 and a quick ratio of 2.31. The company has a market cap of $7.16 billion, a P/E ratio of 15.59 and a beta of 1.53. The firm has a fifty day moving average of $23.81 and a two-hundred day moving average of $24.62.

Starwood Property Trust (NYSE:STWDGet Rating) last announced its earnings results on Thursday, February 24th. The real estate investment trust reported $1.10 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.58. The firm had revenue of $289.70 million for the quarter, compared to analyst estimates of $342.76 million. Starwood Property Trust had a net margin of 38.26% and a return on equity of 14.41%. The business’s revenue was down .3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.46 EPS. Research analysts predict that Starwood Property Trust will post 1.98 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, April 15th. Shareholders of record on Thursday, March 31st were given a $0.48 dividend. The ex-dividend date was Wednesday, March 30th. This represents a $1.92 annualized dividend and a yield of 8.22%. Starwood Property Trust’s dividend payout ratio is presently 125.49%.

Starwood Property Trust Company Profile (Get Rating)

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States, Europe, and Australia. It operates through four segments: Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, including distressed or non-performing loans.

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