Starwood Property Trust, Inc. (NYSE:STWD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors 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 analysts also recently issued reports about the company. BidaskClub downgraded Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, August 8th. Compass Point upgraded Starwood Property Trust from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 25th. Finally, ValuEngine upgraded Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. Starwood Property Trust has a consensus rating of “Hold” and an average price target of $24.00.

Shares of Starwood Property Trust (NYSE STWD) opened at 21.51 on Wednesday. Starwood Property Trust has a 12-month low of $21.11 and a 12-month high of $23.01. The stock has a market cap of $5.58 billion, a P/E ratio of 12.35 and a beta of 0.53. The company’s 50-day moving average is $21.78 and its 200-day moving average is $22.09.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $211.57 million during the quarter, compared to the consensus estimate 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 last year, the company earned $0.50 earnings per share. On average, equities research analysts anticipate that Starwood Property Trust will post $2.09 earnings per share for the current year.

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In other Starwood Property Trust news, COO Andrew Jay Sossen sold 11,270 shares of the 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 sale, the chief operating officer now owns 108,258 shares in the company, valued at $2,375,180.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CFO Rina Paniry sold 6,867 shares of the stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $21.96, for a total value of $150,799.32. Following the completion of the sale, the chief financial officer now owns 100,026 shares in the company, valued at approximately $2,196,570.96. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the business. Swiss National Bank increased its stake in Starwood Property Trust by 2.0% in the second quarter. Swiss National Bank now owns 431,965 shares of the real estate investment trust’s stock worth $9,672,000 after purchasing an additional 8,300 shares during the period. State Board of Administration of Florida Retirement System increased its stake in Starwood Property Trust by 1.8% in the second quarter. State Board of Administration of Florida Retirement System now owns 269,236 shares of the real estate investment trust’s stock worth $6,028,000 after purchasing an additional 4,850 shares during the period. Scott & Selber Inc. increased its stake in Starwood Property Trust by 1.4% in the second quarter. Scott & Selber Inc. now owns 90,322 shares of the real estate investment trust’s stock worth $2,022,000 after purchasing an additional 1,213 shares during the period. Cipher Capital LP purchased a new stake in Starwood Property Trust in the second quarter worth $2,789,000. Finally, Wright Investors Service Inc. increased its stake in Starwood Property Trust by 14.4% in the second quarter. Wright Investors Service Inc. now owns 10,755 shares of the real estate investment trust’s stock worth $241,000 after purchasing an additional 1,350 shares during the period. Institutional investors and hedge funds own 68.76% of the company’s stock.

Starwood Property Trust Company Profile

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