Starwood Property Trust (NYSE:STWD) Cut to Strong Sell at Zacks Research

Zacks Research lowered shares of Starwood Property Trust (NYSE:STWD) from a hold rating to a strong sell rating in a research note released on Wednesday,Zacks.com reports.

A number of other brokerages also recently commented on STWD. Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a research note on Wednesday, October 8th. UBS Group boosted their target price on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Keefe, Bruyette & Woods boosted their target price on Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. Finally, Wall Street Zen upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Three equities research analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $21.13.

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $18.19 on Wednesday. Starwood Property Trust has a 1-year low of $16.59 and a 1-year high of $21.05. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.90. The company has a market capitalization of $6.68 billion, a price-to-earnings ratio of 16.68 and a beta of 1.29. The stock’s fifty day simple moving average is $19.52 and its 200-day simple moving average is $19.71.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%.The business had revenue of $444.28 million for the quarter, compared to the consensus estimate of $477.00 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. Starwood Property Trust’s revenue for the quarter was down 9.3% compared to the same quarter last year. On average, sell-side analysts predict that Starwood Property Trust will post 1.88 earnings per share for the current fiscal year.

Institutional Trading of Starwood Property Trust

Large investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in shares of Starwood Property Trust during the 1st quarter worth about $25,000. Evolution Wealth Management Inc. bought a new stake in shares of Starwood Property Trust during the 2nd quarter worth about $25,000. SVB Wealth LLC bought a new stake in shares of Starwood Property Trust during the 1st quarter worth about $30,000. Orion Capital Management LLC bought a new stake in shares of Starwood Property Trust during the 3rd quarter worth about $39,000. Finally, Financial Gravity Asset Management Inc. bought a new stake in shares of Starwood Property Trust during the 1st quarter worth about $44,000. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Company Profile

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company 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 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, include distressed or non-performing loans.