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Starwood Property Trust (NASDAQ:STWD) was downgraded by Zacks from a “neutral” rating to an “underperform” rating in a report issued on Wednesday. They currently have a $22.30 price target on the stock. Zacks‘s target price would indicate a potential downside of 4.94% from the company’s current price.

Shares of Starwood Property Trust (NASDAQ:STWD) traded up 0.47% during mid-day trading on Wednesday, hitting $23.57. 1,188,020 shares of the company’s stock traded hands. Starwood Property Trust has a 52-week low of $19.1501 and a 52-week high of $24.7299. The stock’s 50-day moving average is $23.55 and its 200-day moving average is $23.79. The company has a market cap of $5.246 billion and a price-to-earnings ratio of 11.12.

Starwood Property Trust (NASDAQ:STWD) last released its earnings data on Wednesday, August 6th. The company reported $0.51 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.52 by $0.01. The company had revenue of $118.33 million for the quarter, compared to the consensus estimate of $176.90 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 24.7% on a year-over-year basis.

The company also recently announced a quarterly dividend, which is scheduled for Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 8.18%. The ex-dividend date is Friday, September 26th.

Other equities research analysts have also recently issued reports about the stock. Analysts at FBR Capital Markets reiterated a “” rating on shares of Starwood Property Trust in a research note on Monday, June 2nd. They now have a $27.00 price target on the stock. Analysts at Goldman Sachs initiated coverage on shares of Starwood Property Trust in a research note on Tuesday, May 20th. They set a “buy” rating and a $25.00 price target on the stock. One equities research analyst has rated the stock with a sell rating and three have assigned a buy rating to the company’s stock. Starwood Property Trust currently has an average rating of “Buy” and a consensus price target of $26.72.

To view Zacks’ full report, visit Zacks’ official website.

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