Starwood Property Trust, Inc. (STWD) Given Average Recommendation of “Buy” by Analysts
Shares of Starwood Property Trust, Inc. (NYSE:STWD) have been given a consensus rating of “Buy” by the nine research firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $24.00.
A number of research firms recently commented on STWD. Zacks Investment Research upgraded Starwood Property Trust from a “sell” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Saturday, May 13th. BidaskClub upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, June 13th.
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In other Starwood Property Trust news, Director Camille J. Douglas sold 4,500 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $21.62, for a total value of $97,290.00. Following the transaction, the director now owns 20,944 shares of the company’s stock, valued at $452,809.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.40% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Bronfman E.L. Rothschild L.P. boosted its stake in Starwood Property Trust by 1.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 5,288 shares of the real estate investment trust’s stock worth $119,000 after buying an additional 50 shares during the period. Penserra Capital Management LLC boosted its stake in Starwood Property Trust by 52.3% in the first quarter. Penserra Capital Management LLC now owns 5,867 shares of the real estate investment trust’s stock worth $132,000 after buying an additional 2,015 shares during the period. Coconut Grove Bank boosted its stake in Starwood Property Trust by 108.3% in the first quarter. Coconut Grove Bank now owns 8,040 shares of the real estate investment trust’s stock worth $181,000 after buying an additional 4,180 shares during the period. Catalyst Capital Advisors LLC boosted its stake in Starwood Property Trust by 88.9% in the first quarter. Catalyst Capital Advisors LLC now owns 8,500 shares of the real estate investment trust’s stock worth $192,000 after buying an additional 4,000 shares during the period. Finally, Northern Oak Wealth Management Inc. acquired a new stake in Starwood Property Trust during the first quarter worth $201,000. 73.71% of the stock is currently owned by institutional investors.
Starwood Property Trust (STWD) traded up 0.71% during mid-day trading on Tuesday, hitting $22.55. The stock had a trading volume of 1,153,220 shares. The firm has a market cap of $5.87 billion, a PE ratio of 12.75 and a beta of 0.55. The company has a 50-day moving average of $22.20 and a 200-day moving average of $22.43. Starwood Property Trust has a 12-month low of $20.25 and a 12-month high of $23.46.
Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.47 by $0.03. The business had revenue of $198.72 million during the quarter, compared to the consensus estimate of $229.63 million. Starwood Property Trust had a return on equity of 11.24% and a net margin of 55.96%. The company’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same period last year, the firm earned $0.50 earnings per share. Analysts expect that Starwood Property Trust will post $2.10 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, July 14th. Shareholders of record on Friday, June 30th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, June 28th. This represents a $1.92 dividend on an annualized basis and a yield of 8.51%. Starwood Property Trust’s dividend payout ratio is currently 107.26%.
Starwood Property Trust Company Profile
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