Zacks Investment Research Downgrades Starwood Property Trust (NYSE:STWD) to Hold

Zacks Investment Research cut shares of Starwood Property Trust (NYSE:STWD) from a buy rating to a hold rating in a report released on Saturday, April 7th.

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. “

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STWD has been the subject of a number of other research reports. Wood & Company assumed coverage on shares of Starwood Property Trust in a report on Tuesday, March 27th. They issued an outperform rating for the company. Alex. Brown assumed coverage on shares of Starwood Property Trust in a report on Tuesday, March 27th. They issued an outperform rating and a $24.00 price target for the company. Finally, B. Riley reaffirmed a buy rating and issued a $24.00 price target on shares of Starwood Property Trust in a report on Thursday, January 25th. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has an average rating of Buy and a consensus price target of $23.67.

NYSE STWD opened at $20.93 on Friday. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.52 and a current ratio of 2.52. Starwood Property Trust has a 52-week low of $19.47 and a 52-week high of $23.01. The company has a market cap of $5,436.75, a PE ratio of 9.69, a price-to-earnings-growth ratio of 2.03 and a beta of 0.30.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.02. Starwood Property Trust had a net margin of 45.55% and a return on equity of 12.57%. The firm had revenue of $242.80 million for the quarter, compared to the consensus estimate of $236.60 million. During the same period last year, the firm earned $0.53 earnings per share. The company’s quarterly revenue was up 31.6% on a year-over-year basis. equities analysts predict that Starwood Property Trust will post 2.05 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, April 13th. Stockholders of record on Friday, March 30th were paid a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, March 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.17%. Starwood Property Trust’s payout ratio is currently 88.89%.

Several large investors have recently added to or reduced their stakes in STWD. New York State Common Retirement Fund increased its stake in shares of Starwood Property Trust by 1.7% in the third quarter. New York State Common Retirement Fund now owns 563,500 shares of the real estate investment trust’s stock worth $12,239,000 after acquiring an additional 9,500 shares during the period. Legal & General Group Plc increased its stake in shares of Starwood Property Trust by 21.0% in the third quarter. Legal & General Group Plc now owns 240,522 shares of the real estate investment trust’s stock worth $5,224,000 after acquiring an additional 41,707 shares during the period. Schwab Charles Investment Management Inc. increased its stake in shares of Starwood Property Trust by 8.1% in the third quarter. Schwab Charles Investment Management Inc. now owns 1,014,682 shares of the real estate investment trust’s stock worth $22,039,000 after acquiring an additional 75,804 shares during the period. KBC Group NV increased its stake in shares of Starwood Property Trust by 11.1% in the third quarter. KBC Group NV now owns 33,299 shares of the real estate investment trust’s stock worth $723,000 after acquiring an additional 3,319 shares during the period. Finally, Envestnet Asset Management Inc. increased its stake in shares of Starwood Property Trust by 13.5% in the third quarter. Envestnet Asset Management Inc. now owns 53,548 shares of the real estate investment trust’s stock worth $1,162,000 after acquiring an additional 6,349 shares during the period. Hedge funds and other institutional investors own 70.59% of the company’s stock.

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Starwood Property Trust Company Profile

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.

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