Starwood Property Trust, Inc. (NYSE:STWD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

According to Zacks, “Starwood Property Trust, Inc. is a newly formed company that is focused primarily on originating, investing in, financing and managing commercial mortgage loans and other commercial real estate-related debt investments. Starwood Property Trust, Inc. will be externally managed and advised by SPT Management, LLC, an affiliate of Starwood Capital Group and intends to elect to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. “

Separately, BidaskClub lowered Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $24.33.

Starwood Property Trust (STWD) traded down 0.32% during mid-day trading on Wednesday, hitting $21.97. The company had a trading volume of 1,427,028 shares. The company has a 50-day moving average price of $22.04 and a 200 day moving average price of $22.32. The company has a market capitalization of $5.70 billion, a P/E ratio of 12.62 and a beta of 0.53. Starwood Property Trust has a 52-week low of $21.11 and a 52-week high of $23.32.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. Starwood Property Trust had a return on equity of 11.39% and a net margin of 55.89%. The company had revenue of $211.57 million during the quarter, compared to analysts’ expectations of $244.13 million. During the same period last year, the business posted $0.50 EPS. On average, analysts forecast that Starwood Property Trust will post $2.10 EPS for the current fiscal year.

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A number of hedge funds have recently bought and sold shares of STWD. Bronfman E.L. Rothschild L.P. raised its position in Starwood Property Trust by 1.0% in the 1st quarter. Bronfman E.L. Rothschild L.P. now owns 5,288 shares of the real estate investment trust’s stock valued at $119,000 after purchasing an additional 50 shares in the last quarter. Penserra Capital Management LLC raised its position in Starwood Property Trust by 52.3% in the 1st quarter. Penserra Capital Management LLC now owns 5,867 shares of the real estate investment trust’s stock valued at $132,000 after purchasing an additional 2,015 shares in the last quarter. ClariVest Asset Management LLC raised its position in Starwood Property Trust by 26.6% in the 2nd quarter. ClariVest Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock valued at $146,000 after purchasing an additional 1,366 shares in the last quarter. Ffcm LLC raised its position in Starwood Property Trust by 108.2% in the 2nd quarter. Ffcm LLC now owns 7,253 shares of the real estate investment trust’s stock valued at $164,000 after purchasing an additional 3,769 shares in the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank raised its position in Starwood Property Trust by 5.8% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,039 shares of the real estate investment trust’s stock valued at $180,000 after purchasing an additional 438 shares in the last quarter. 68.59% of the stock is currently owned by institutional investors.

Starwood Property Trust Company Profile

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