BidaskClub cut shares of Starwood Property Trust, Inc. (NYSE:STWD) from a buy rating to a hold rating in a research note published on Monday, July 24th.
Separately, Zacks Investment Research lowered Starwood Property Trust from a hold rating to a sell rating in a research report on Friday, May 12th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company. The company presently has an average rating of Hold and an average target price of $24.33.
Starwood Property Trust (STWD) opened at 22.08 on Monday. The company has a 50-day moving average of $22.07 and a 200-day moving average of $22.38. Starwood Property Trust has a one year low of $21.11 and a one year high of $23.46. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 12.68 and a beta of 0.54.
Starwood Property Trust (NYSE:STWD) last issued its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. The business had revenue of $211.57 million during 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 previous year, the company posted $0.50 EPS. Equities research analysts expect that Starwood Property Trust will post $2.10 EPS for the current fiscal year.
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The firm also recently announced a quarterly dividend, which will be paid on Friday, October 13th. Investors of record on Friday, September 29th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 8.70%. The ex-dividend date of this dividend is Thursday, September 28th. Starwood Property Trust’s dividend payout ratio is currently 109.09%.
A number of hedge funds have recently bought and sold shares of the stock. Advisory Services Network LLC increased its stake in shares of Starwood Property Trust by 18.6% in the second quarter. Advisory Services Network LLC now owns 16,756 shares of the real estate investment trust’s stock worth $375,000 after buying an additional 2,624 shares during the last quarter. Wasatch Advisors Inc. increased its stake in shares of Starwood Property Trust by 11.6% in the second quarter. Wasatch Advisors Inc. now owns 40,300 shares of the real estate investment trust’s stock worth $902,000 after buying an additional 4,200 shares during the last quarter. Intellectus Partners LLC increased its stake in shares of Starwood Property Trust by 0.3% in the second 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. Scotia Capital Inc. increased its stake in shares of Starwood Property Trust by 3.4% in the second quarter. Scotia Capital Inc. now owns 34,896 shares of the real estate investment trust’s stock worth $781,000 after buying an additional 1,140 shares during the last quarter. Finally, Americafirst Capital Management LLC bought a new stake in shares of Starwood Property Trust during the second quarter worth approximately $456,000. Institutional investors and hedge funds own 74.15% of the company’s stock.
About Starwood Property Trust
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