Starwood Property Trust, Inc. (STWD) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Starwood Property Trust, Inc. (NYSE:STWD) have been assigned an average recommendation of “Hold” from the six ratings firms that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $24.50.
A number of research firms have recently issued reports on STWD. BidaskClub raised Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Zacks Investment Research raised Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Friday, August 25th. Finally, ValuEngine cut Starwood Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday.
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A number of large investors have recently added to or reduced their stakes in STWD. Janney Montgomery Scott LLC acquired a new stake in Starwood Property Trust during the 1st quarter worth approximately $203,000. Great West Life Assurance Co. Can lifted its holdings in Starwood Property Trust by 15.4% during the 1st quarter. Great West Life Assurance Co. Can now owns 29,285 shares of the real estate investment trust’s stock worth $660,000 after purchasing an additional 3,900 shares during the last quarter. Eqis Capital Management Inc. acquired a new stake in Starwood Property Trust during the 1st quarter worth approximately $239,000. First Trust Advisors LP lifted its holdings in Starwood Property Trust by 214.7% during the 1st quarter. First Trust Advisors LP now owns 614,094 shares of the real estate investment trust’s stock worth $13,866,000 after purchasing an additional 418,954 shares during the last quarter. Finally, US Bancorp DE lifted its holdings in Starwood Property Trust by 2.6% during the 1st quarter. US Bancorp DE now owns 92,096 shares of the real estate investment trust’s stock worth $2,079,000 after purchasing an additional 2,354 shares during the last quarter. 68.59% of the stock is owned by institutional investors and hedge funds.
Shares of Starwood Property Trust (NYSE:STWD) traded up 1.11% on Tuesday, reaching $21.91. The company’s stock had a trading volume of 730,377 shares. The company’s 50 day moving average is $22.04 and its 200-day moving average is $22.29. The firm has a market cap of $5.69 billion, a price-to-earnings ratio of 12.58 and a beta of 0.53. Starwood Property Trust has a 1-year low of $21.11 and a 1-year high of $23.32.
Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Wednesday, August 9th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate 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 firm posted $0.50 earnings per share. Equities research analysts expect that Starwood Property Trust will post $2.10 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 13th. Stockholders of record on Friday, September 29th will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, September 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.86%. Starwood Property Trust’s payout ratio is 109.09%.
About Starwood Property Trust
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