Zacks Downgrades Starwood Property Trust to Neutral (STWD)
Starwood Property Trust (NASDAQ:STWD) was downgraded by Zacks from an “outperform” rating to a “neutral” rating in a research note issued on Tuesday, StockRatingsNetwork reports. They currently have a $29.00 target price on the stock. Zacks‘ price target points to a potential upside of 20.98% from the company’s current price.
Starwood Property Trust (NASDAQ:STWD) traded down 0.63% on Tuesday, hitting $23.82. 1,202,570 shares of the company’s stock traded hands. Starwood Property Trust has a 52-week low of $21.09 and a 52-week high of $28.94. The stock’s 50-day moving average is $24.47 and its 200-day moving average is $25.73. The company has a market cap of $3.962 billion and a price-to-earnings ratio of 14.33.
Starwood Property Trust (NASDAQ:STWD) last issued its quarterly earnings data on Tuesday, August 6th. The company reported $0.52 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.47 by $0.05. The company had revenue of $137.00 million for the quarter, compared to the consensus estimate of $107.00 million. During the same quarter in the prior year, the company posted $0.45 earnings per share. The company’s quarterly revenue was up 136900.0% on a year-over-year basis.
Separately, analysts at Keefe, Bruyette & Woods cut their price target on shares of Starwood Property Trust from $32.00 to $30.00 in a research note to investors on Wednesday, August 7th. They now have an “outperform” rating on the stock. One analyst has rated the stock with a hold rating and five have given a buy rating to the stock. Starwood Property Trust presently has a consensus rating of “Buy” and a consensus price target of $30.08.
Starwood Property Trust, Inc, is a holding company and conducts its business through its subsidiaries.
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