Starwood Property Trust, Inc. (STWD) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Starwood Property Trust, Inc. (NYSE:STWD) have received a consensus rating of “Hold” from the six brokerages that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $24.00.
Several equities research analysts have recently weighed in on the company. ValuEngine lowered Starwood Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th. Zacks Investment Research upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, BidaskClub lowered Starwood Property Trust from a “buy” rating to a “hold” rating in a research note on Monday, July 24th.
Starwood Property Trust (NYSE STWD) traded up 0.208% on Wednesday, reaching $21.655. The company had a trading volume of 1,419,005 shares. Starwood Property Trust has a one year low of $21.11 and a one year high of $23.01. The stock has a market cap of $5.62 billion, a price-to-earnings ratio of 12.438 and a beta of 0.53. The company has a 50-day moving average of $21.85 and a 200 day moving average of $22.13.
The firm also recently declared a quarterly dividend, which was paid on Friday, October 13th. Investors of record on Friday, September 29th were given a dividend of $0.48 per share. The ex-dividend date was Thursday, September 28th. This represents a $1.92 dividend on an annualized basis and a yield of 8.88%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 109.09%.
In related news, CFO Rina Paniry sold 6,867 shares of the stock in a transaction that occurred 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 sale, the chief financial officer now directly owns 100,026 shares in the company, valued at approximately $2,196,570.96. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, COO Andrew Jay Sossen sold 11,270 shares of the stock in a transaction that occurred 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 sale, the chief operating officer now owns 108,258 shares in the company, 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 hedge funds and other institutional investors have recently added to or reduced their stakes in STWD. Vanguard Group Inc. grew its position in Starwood Property Trust by 8.4% during the 1st quarter. Vanguard Group Inc. now owns 21,023,747 shares of the real estate investment trust’s stock worth $474,716,000 after acquiring an additional 1,635,444 shares during the last quarter. Renaissance Technologies LLC bought a new stake in Starwood Property Trust during the 1st quarter worth approximately $11,294,000. Bank of Montreal Can grew its position in Starwood Property Trust by 1,026.9% during the 2nd quarter. Bank of Montreal Can now owns 510,500 shares of the real estate investment trust’s stock worth $11,430,000 after acquiring an additional 465,198 shares during the last quarter. Acadian Asset Management LLC grew its position in Starwood Property Trust by 920.0% during the 2nd quarter. Acadian Asset Management LLC now owns 424,706 shares of the real estate investment trust’s stock worth $9,507,000 after acquiring an additional 383,068 shares during the last quarter. Finally, Janus Henderson Group PLC bought a new stake in Starwood Property Trust during the 2nd quarter worth approximately $8,055,000. Institutional investors and hedge funds own 68.68% of the company’s stock.
About Starwood Property Trust
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