Starwood Property Trust, Inc. (STWD) Rating Lowered to Hold at BidaskClub
Starwood Property Trust, Inc. (NYSE:STWD) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
Separately, Zacks Investment Research upgraded shares of Starwood Property Trust from a “sell” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Saturday, May 13th. Three research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Starwood Property Trust currently has a consensus rating of “Buy” and a consensus price target of $24.00.
Starwood Property Trust (STWD) traded down 0.14% on Monday, reaching $21.92. 1,814,103 shares of the company’s stock were exchanged. The company has a market cap of $5.70 billion, a P/E ratio of 12.39 and a beta of 0.55. The firm has a 50 day moving average of $22.33 and a 200-day moving average of $22.44. Starwood Property Trust has a 12-month low of $21.11 and a 12-month high of $23.46.
Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $198.72 million for the quarter, compared to analyst estimates of $229.63 million. Starwood Property Trust had a net margin of 55.96% and a return on equity of 11.24%. The company’s quarterly revenue was up 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 earnings per share. Equities analysts expect that Starwood Property Trust will post $2.09 EPS for the current fiscal year.
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In related news, Director Camille J. Douglas sold 4,500 shares of the company’s stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $21.62, for a total transaction 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 legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.40% of the company’s stock.
Several institutional investors have recently made changes to their positions in STWD. USA Financial Portformulas Corp purchased a new position in shares of Starwood Property Trust during the fourth quarter valued at about $387,000. Teachers Advisors LLC increased its position in shares of Starwood Property Trust by 86.7% in the fourth quarter. Teachers Advisors LLC now owns 856,172 shares of the real estate investment trust’s stock valued at $18,793,000 after buying an additional 397,657 shares during the last quarter. Chevy Chase Trust Holdings Inc. increased its position in shares of Starwood Property Trust by 1.9% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 273,350 shares of the real estate investment trust’s stock valued at $6,172,000 after buying an additional 5,044 shares during the last quarter. CENTRAL TRUST Co increased its position in shares of Starwood Property Trust by 31.9% in the first quarter. CENTRAL TRUST Co now owns 9,693 shares of the real estate investment trust’s stock valued at $219,000 after buying an additional 2,345 shares during the last quarter. Finally, Leith Wheeler Investment Counsel Ltd. purchased a new position in shares of Starwood Property Trust during the first quarter valued at about $1,610,000. 73.93% of the stock is currently owned by institutional investors and hedge funds.
About Starwood Property Trust
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