Starwood Property Trust, Inc. (STWD) Receives Average Rating of “Buy” from Brokerages

Starwood Property Trust, Inc. (NYSE:STWD) has been assigned an average recommendation of “Buy” from the six brokerages that are currently covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $24.00.

Several equities analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Friday, August 25th. BidaskClub upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, September 27th. Finally, ValuEngine downgraded shares of Starwood Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, September 12th.

In other Starwood Property Trust news, CFO Rina Paniry sold 6,867 shares of Starwood Property Trust stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $21.96, for a total transaction of $150,799.32. Following the completion of the sale, the chief financial officer now directly owns 100,026 shares in the company, valued at $2,196,570.96. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, COO Andrew Jay Sossen sold 11,270 shares of Starwood Property Trust stock in a transaction that occurred on Tuesday, September 19th. The shares were sold at an average price of $21.94, for a total transaction of $247,263.80. Following the sale, 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 currently owned by company insiders.

A number of institutional investors have recently made changes to their positions in STWD. Janney Montgomery Scott LLC lifted its position in Starwood Property Trust by 33.1% during the second quarter. Janney Montgomery Scott LLC now owns 11,940 shares of the real estate investment trust’s stock valued at $267,000 after purchasing an additional 2,971 shares during the last quarter. Sei Investments Co. lifted its position in Starwood Property Trust by 15.9% during the second quarter. Sei Investments Co. now owns 136,341 shares of the real estate investment trust’s stock valued at $3,053,000 after purchasing an additional 18,692 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its position in Starwood Property Trust by 11.4% during the second quarter. Schwab Charles Investment Management Inc. now owns 938,878 shares of the real estate investment trust’s stock valued at $21,022,000 after purchasing an additional 95,851 shares during the last quarter. ClariVest Asset Management LLC lifted its position in Starwood Property Trust by 26.6% during the second 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 during the last quarter. Finally, State of Wisconsin Investment Board lifted its position in Starwood Property Trust by 1.9% during the second quarter. State of Wisconsin Investment Board now owns 50,825 shares of the real estate investment trust’s stock valued at $1,138,000 after purchasing an additional 930 shares during the last quarter. Institutional investors and hedge funds own 67.52% of the company’s stock.

Starwood Property Trust (NYSE:STWD) opened at $21.72 on Thursday. The firm has a market cap of $5,655.84, a PE ratio of 10.32, a PEG ratio of 2.04 and a beta of 0.51. The company has a debt-to-equity ratio of 1.68, a current ratio of 2.47 and a quick ratio of 2.47. Starwood Property Trust has a 12 month low of $21.27 and a 12 month high of $23.01.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.65 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.11. The firm had revenue of $226.77 million during the quarter, compared to the consensus estimate of $236.76 million. Starwood Property Trust had a net margin of 52.28% and a return on equity of 11.88%. The company’s revenue was up 10.8% on a year-over-year basis. During the same quarter last year, the company earned $0.59 earnings per share. equities research analysts expect that Starwood Property Trust will post 2.12 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Stockholders of record on Friday, December 29th will be given a $0.48 dividend. The ex-dividend date of this dividend is Thursday, December 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.84%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 116.36%.

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Starwood Property Trust Company Profile

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