Starwood Property Trust, Inc. (NYSE:STWD) was upgraded by Zacks Investment Research from a “hold” rating to a “buy” rating in a note issued to investors on Wednesday. The brokerage presently has a $24.00 target price on the real estate investment trust’s stock. Zacks Investment Research‘s target price points to a potential upside of 10.50% from the stock’s current price.

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 equities research analysts have also commented on the stock. BidaskClub raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. B. Riley reissued a “buy” rating and set a $24.00 price objective on shares of Starwood Property Trust in a research note on Thursday, November 9th. Compass Point raised shares of Starwood Property Trust from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 25th. Finally, ValuEngine raised shares of Starwood Property Trust from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $24.00.

Shares of Starwood Property Trust (STWD) opened at $21.72 on Wednesday. Starwood Property Trust has a 52 week low of $21.18 and a 52 week high of $23.01. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.47 and a current ratio of 2.47. The company has a market cap of $5,650.62, a PE ratio of 10.31, a P/E/G ratio of 2.04 and a beta of 0.52.

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

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In related news, CFO Rina Paniry sold 6,867 shares of the 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 transaction, the chief financial officer now owns 100,026 shares in the company, valued at $2,196,570.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, COO Andrew Jay Sossen sold 11,270 shares of the 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 transaction, the chief operating officer now owns 108,258 shares in the company, valued at approximately $2,375,180.52. The disclosure for this sale can be found here. Corporate insiders own 2.40% of the company’s stock.

A number of institutional investors have recently modified their holdings of the stock. Vanguard Group Inc. lifted its position in Starwood Property Trust by 5.5% during the second quarter. Vanguard Group Inc. now owns 22,179,781 shares of the real estate investment trust’s stock valued at $496,604,000 after purchasing an additional 1,156,034 shares during the period. Neuberger Berman Group LLC increased its holdings in Starwood Property Trust by 2.9% during the second quarter. Neuberger Berman Group LLC now owns 7,631,024 shares of the real estate investment trust’s stock valued at $170,859,000 after buying an additional 215,564 shares during the last quarter. LSV Asset Management increased its holdings in Starwood Property Trust by 4.4% during the second quarter. LSV Asset Management now owns 5,296,409 shares of the real estate investment trust’s stock valued at $118,586,000 after buying an additional 223,100 shares during the last quarter. Fuller & Thaler Asset Management Inc. increased its holdings in Starwood Property Trust by 1.3% during the third quarter. Fuller & Thaler Asset Management Inc. now owns 2,210,616 shares of the real estate investment trust’s stock valued at $48,015,000 after buying an additional 28,685 shares during the last quarter. Finally, Boston Partners increased its holdings in Starwood Property Trust by 10.7% during the third quarter. Boston Partners now owns 1,259,369 shares of the real estate investment trust’s stock valued at $27,353,000 after buying an additional 121,545 shares during the last quarter. Institutional investors own 68.04% of the company’s stock.

Starwood Property Trust Company Profile

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