Starwood Property Trust, Inc. (NYSE:STWD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a report 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. “

Other equities research analysts have also issued reports about the company. ValuEngine raised Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. BidaskClub raised Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Thursday, June 22nd. Two research analysts have rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the company’s stock. Starwood Property Trust currently has an average rating of “Hold” and a consensus price target of $24.00.

Shares of Starwood Property Trust (NYSE:STWD) traded up 0.05% during trading on Wednesday, hitting $21.70. 1,803,300 shares of the stock were exchanged. Starwood Property Trust has a one year low of $21.11 and a one year high of $23.01. The stock’s 50 day moving average price is $21.95 and its 200 day moving average price is $22.19. The stock has a market cap of $5.63 billion, a PE ratio of 12.46 and a beta of 0.53.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The business had revenue of $211.57 million for the quarter, compared to analyst estimates of $244.13 million. Starwood Property Trust had a return on equity of 11.39% and a net margin of 55.89%. During the same period in the prior year, the company posted $0.50 EPS. Equities research analysts predict that Starwood Property Trust will post $2.10 EPS for the current year.

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In related news, CFO Rina Paniry sold 6,867 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $21.96, for a total transaction of $150,799.32. Following the completion of the transaction, the chief financial officer now directly owns 100,026 shares in the company, valued at approximately $2,196,570.96. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, COO Andrew Jay Sossen sold 11,270 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $21.94, for a total value of $247,263.80. Following the transaction, the chief operating officer now owns 108,258 shares of the company’s stock, valued at $2,375,180.52. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Intellectus Partners LLC grew its stake in Starwood Property Trust by 0.3% during the 2nd quarter. Intellectus Partners LLC now owns 21,393 shares of the real estate investment trust’s stock worth $489,000 after buying an additional 65 shares during the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in Starwood Property Trust by 1.6% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 5,375 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 87 shares during the last quarter. CWA Asset Management Group LLC grew its stake in Starwood Property Trust by 2.5% during the 2nd quarter. CWA Asset Management Group LLC now owns 10,250 shares of the real estate investment trust’s stock worth $229,000 after buying an additional 250 shares during the last quarter. S. R. Schill & Associates grew its stake in Starwood Property Trust by 0.6% during the 2nd quarter. S. R. Schill & Associates now owns 52,265 shares of the real estate investment trust’s stock worth $1,170,000 after buying an additional 286 shares during the last quarter. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in Starwood Property Trust by 5.8% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,039 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 438 shares during the last quarter. Hedge funds and other institutional investors own 68.58% of the company’s stock.

About Starwood Property Trust

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