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 weighed in on STWD. Deutsche Bank reaffirmed a market perform rating and issued a $17.00 target price on shares of Starwood Property Trust in a research report on Wednesday. B. Riley lowered their price target on Starwood Property Trust from $27.00 to $18.00 and set a buy rating on the stock in a report on Tuesday, May 5th. Raymond James lowered their price target on Starwood Property Trust from $27.00 to $17.50 and set an outperform rating on the stock in a report on Monday, April 13th. ValuEngine lowered Starwood Property Trust from a hold rating to a sell rating in a report on Thursday, April 2nd. Finally, JMP Securities lowered their price target on Starwood Property Trust from $26.00 to $16.00 and set a market outperform rating on the stock in a report on Tuesday, May 5th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and five have assigned a buy rating to the company. The company presently has a consensus rating of Hold and an average target price of $19.79.
Starwood Property Trust (NYSE:STWD) last issued its earnings results on Monday, May 4th. The real estate investment trust reported $0.55 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.05. Starwood Property Trust had a return on equity of 11.61% and a net margin of 30.10%. The firm had revenue of $211.40 million for the quarter, compared to analyst estimates of $297.83 million. During the same period last year, the company earned $0.28 earnings per share. The firm’s revenue for the quarter was down 31.9% on a year-over-year basis. Equities analysts forecast that Starwood Property Trust will post 1.64 EPS for the current fiscal year.
In other news, CEO Barry S. Sternlicht bought 218,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 18th. The stock was acquired at an average price of $11.33 per share, with a total value of $2,469,940.00. Following the completion of the purchase, the chief executive officer now directly owns 6,676,909 shares of the company’s stock, valued at approximately $75,649,378.97. The acquisition was disclosed in a filing with the SEC, which is available at this link. Also, Director Jeffrey G. Dishner bought 25,000 shares of the firm’s stock in a transaction that occurred on Friday, March 13th. The shares were purchased at an average cost of $18.60 per share, with a total value of $465,000.00. Following the purchase, the director now directly owns 361,097 shares of the company’s stock, valued at $6,716,404.20. The disclosure for this purchase can be found here. Company insiders own 3.50% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Cetera Advisor Networks LLC boosted its stake in Starwood Property Trust by 2.6% during the fourth quarter. Cetera Advisor Networks LLC now owns 17,766 shares of the real estate investment trust’s stock valued at $442,000 after buying an additional 450 shares in the last quarter. Atria Investments LLC boosted its position in shares of Starwood Property Trust by 5.5% in the 4th quarter. Atria Investments LLC now owns 9,435 shares of the real estate investment trust’s stock valued at $235,000 after purchasing an additional 492 shares during the period. Sunbelt Securities Inc. boosted its position in shares of Starwood Property Trust by 1.3% in the 4th quarter. Sunbelt Securities Inc. now owns 37,396 shares of the real estate investment trust’s stock valued at $930,000 after purchasing an additional 496 shares during the period. Parkside Financial Bank & Trust boosted its position in shares of Starwood Property Trust by 18.3% in the 4th quarter. Parkside Financial Bank & Trust now owns 3,234 shares of the real estate investment trust’s stock valued at $80,000 after purchasing an additional 501 shares during the period. Finally, Mutual Advisors LLC boosted its position in shares of Starwood Property Trust by 5.9% in the 4th quarter. Mutual Advisors LLC now owns 9,670 shares of the real estate investment trust’s stock valued at $240,000 after purchasing an additional 541 shares during the period. 56.00% of the stock is owned by institutional investors and hedge funds.
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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