Starwood Property Trust, Inc. (STWD) Downgraded to Sell at Zacks Investment Research

Starwood Property Trust, Inc. (NYSE:STWD) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research 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. “

Several other brokerages have also recently issued reports on STWD. ValuEngine raised Starwood Property Trust from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. BidaskClub cut Starwood Property Trust from a “hold” rating to a “sell” rating in a research note on Monday, July 31st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and two have issued a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $24.00.

Starwood Property Trust (NYSE:STWD) traded up 0.346% on Wednesday, hitting $21.765. The stock had a trading volume of 774,852 shares. Starwood Property Trust has a 1-year low of $21.11 and a 1-year high of $23.01. The firm has a market capitalization of $5.67 billion, a price-to-earnings ratio of 12.437 and a beta of 0.53. The stock’s 50-day moving average is $21.95 and its 200 day moving average is $22.19.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Wednesday, August 9th. The real estate investment trust reported $0.52 EPS for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The firm had revenue of $211.57 million for the quarter, compared to analysts’ expectations 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 quarter in the prior year, the firm posted $0.50 earnings per share. On average, equities research analysts predict that Starwood Property Trust will post $2.10 earnings per share for the current fiscal year.

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In other Starwood Property Trust news, COO Andrew Jay Sossen sold 11,270 shares of the company’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $21.94, for a total transaction of $247,263.80. Following the completion of 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 document filed with the SEC, which can be accessed through this link. Also, CFO Rina Paniry sold 6,867 shares of the company’s 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 sale, the chief financial officer now owns 100,026 shares of the company’s stock, valued at approximately $2,196,570.96. The disclosure for this sale can be found here. 2.40% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. lifted its holdings in Starwood Property Trust by 1.6% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,375 shares of the real estate investment trust’s stock worth $120,000 after buying an additional 87 shares during the period. Penserra Capital Management LLC lifted its holdings in Starwood Property Trust by 10.0% during the second quarter. Penserra Capital Management LLC now owns 6,453 shares of the real estate investment trust’s stock worth $144,000 after buying an additional 586 shares during the period. ClariVest Asset Management LLC lifted its holdings 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 worth $146,000 after buying an additional 1,366 shares during the period. Ffcm LLC lifted its holdings in Starwood Property Trust by 108.2% during the second quarter. Ffcm LLC now owns 7,253 shares of the real estate investment trust’s stock worth $164,000 after buying an additional 3,769 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in Starwood Property Trust by 5.8% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,039 shares of the real estate investment trust’s stock worth $180,000 after buying an additional 438 shares during the period. Institutional investors own 68.58% of the company’s stock.

Starwood Property Trust Company Profile

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