Zacks Investment Research lowered shares of STARWOOD PROPERTY TRUST, INC. (NYSE:STWD) from a hold rating to a sell rating in a report issued on Wednesday morning.

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. “

Separately, BidaskClub upgraded shares of STARWOOD PROPERTY TRUST, INC. from a sell rating to a hold rating in a research report on Tuesday, June 13th. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. STARWOOD PROPERTY TRUST, INC. has a consensus rating of Hold and a consensus target price of $24.00.

Shares of STARWOOD PROPERTY TRUST, INC. (NYSE:STWD) opened at 21.83 on Wednesday. The firm has a market capitalization of $5.68 billion, a price-to-earnings ratio of 12.34 and a beta of 0.54. The stock has a 50 day moving average of $22.31 and a 200-day moving average of $22.41. STARWOOD PROPERTY TRUST, INC. has a 52 week low of $21.11 and a 52 week high of $23.46.

STARWOOD PROPERTY TRUST, INC. (NYSE:STWD) last posted its quarterly earnings data on Tuesday, May 9th. The real estate investment trust reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. The firm had revenue of $198.72 million during the quarter, compared to analysts’ expectations of $229.63 million. STARWOOD PROPERTY TRUST, INC. had a net margin of 55.96% and a return on equity of 11.24%. The company’s quarterly revenue was up 1.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.50 EPS. Analysts expect that STARWOOD PROPERTY TRUST, INC. will post $2.09 earnings per share for the current year.

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The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Stockholders of record on Friday, June 30th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 8.80%. The ex-dividend date of this dividend was Wednesday, June 28th. STARWOOD PROPERTY TRUST, INC.’s dividend payout ratio is 107.26%.

In other news, Director Camille J. Douglas sold 4,500 shares of STARWOOD PROPERTY TRUST, INC. stock in a transaction that occurred on Friday, May 12th. The shares were sold at an average price of $21.62, for a total transaction of $97,290.00. Following the completion of the sale, the director now owns 20,944 shares in the company, valued at approximately $452,809.28. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.40% of the stock is owned by insiders.

Large investors have recently modified their holdings of the company. Bronfman E.L. Rothschild L.P. boosted its stake in shares of STARWOOD PROPERTY TRUST, INC. by 1.0% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 5,288 shares of the real estate investment trust’s stock valued at $119,000 after buying an additional 50 shares in the last quarter. Penserra Capital Management LLC raised its position in STARWOOD PROPERTY TRUST, INC. by 52.3% in the first quarter. Penserra Capital Management LLC now owns 5,867 shares of the real estate investment trust’s stock valued at $132,000 after buying an additional 2,015 shares during the last quarter. ClariVest Asset Management LLC raised its position in STARWOOD PROPERTY TRUST, INC. by 26.6% in 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 buying an additional 1,366 shares during the last quarter. Coconut Grove Bank raised its position in STARWOOD PROPERTY TRUST, INC. by 108.3% in the first quarter. Coconut Grove Bank now owns 8,040 shares of the real estate investment trust’s stock valued at $181,000 after buying an additional 4,180 shares during the last quarter. Finally, Catalyst Capital Advisors LLC raised its position in STARWOOD PROPERTY TRUST, INC. by 88.9% in the first quarter. Catalyst Capital Advisors LLC now owns 8,500 shares of the real estate investment trust’s stock valued at $192,000 after buying an additional 4,000 shares during the last quarter. Institutional investors own 74.18% of the company’s stock.

STARWOOD PROPERTY TRUST, INC. Company Profile

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