Starwood Property Trust (NYSE:STWD) Coverage Initiated by Analysts at Wells Fargo & Co

Wells Fargo & Co assumed coverage on shares of Starwood Property Trust (NYSE:STWD) in a research report report published on Monday morning, BenzingaRatingsTable reports. The firm issued an outperform rating and a $26.00 target price on the real estate investment trust’s stock.

Several other equities analysts have also recently issued reports on STWD. B. Riley reiterated a buy rating and issued a $25.50 target price on shares of Starwood Property Trust in a research note on Monday, November 25th. Raymond James increased their price target on shares of Starwood Property Trust from $24.00 to $27.00 and gave the stock an outperform rating in a report on Wednesday, August 14th. Finally, Zacks Investment Research lowered shares of Starwood Property Trust from a strong-buy rating to a hold rating in a research report on Thursday, November 7th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of Buy and an average target price of $26.30.

Starwood Property Trust stock traded up $0.21 during midday trading on Monday, hitting $24.83. 38,000 shares of the company were exchanged, compared to its average volume of 1,561,137. The business has a fifty day simple moving average of $24.34 and a two-hundred day simple moving average of $23.62. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.91 and a current ratio of 1.91. The firm has a market capitalization of $6.99 billion, a PE ratio of 11.77 and a beta of 0.55. Starwood Property Trust has a fifty-two week low of $19.16 and a fifty-two week high of $24.96.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $0.52 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.50 by $0.02. The company had revenue of $288.33 million during the quarter, compared to the consensus estimate of $327.04 million. Starwood Property Trust had a return on equity of 10.49% and a net margin of 34.61%. Starwood Property Trust’s revenue for the quarter was up .9% on a year-over-year basis. During the same period in the previous year, the company posted $0.53 earnings per share. As a group, equities analysts expect that Starwood Property Trust will post 1.74 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st will be paid a $0.48 dividend. The ex-dividend date is Monday, December 30th. This represents a $1.92 annualized dividend and a dividend yield of 7.73%. Starwood Property Trust’s dividend payout ratio is presently 91.00%.

In related news, CFO Rina Paniry sold 13,000 shares of the company’s stock in a transaction dated Monday, September 9th. The stock was sold at an average price of $24.01, for a total value of $312,130.00. Following the completion of the transaction, the chief financial officer now owns 199,927 shares of the company’s stock, valued at approximately $4,800,247.27. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 3.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in STWD. Vanguard Group Inc. lifted its holdings in Starwood Property Trust by 1.2% during the second quarter. Vanguard Group Inc. now owns 26,327,688 shares of the real estate investment trust’s stock valued at $598,166,000 after purchasing an additional 303,654 shares in the last quarter. PenderFund Capital Management Ltd. increased its stake in Starwood Property Trust by 58,834.0% during the 2nd quarter. PenderFund Capital Management Ltd. now owns 5,805,000 shares of the real estate investment trust’s stock worth $6,975,000 after buying an additional 5,795,150 shares in the last quarter. Nuveen Asset Management LLC increased its stake in Starwood Property Trust by 120.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 4,430,138 shares of the real estate investment trust’s stock worth $100,652,000 after buying an additional 2,416,356 shares in the last quarter. State Street Corp raised its holdings in shares of Starwood Property Trust by 6.9% during the third quarter. State Street Corp now owns 4,138,587 shares of the real estate investment trust’s stock valued at $102,202,000 after acquiring an additional 266,363 shares during the last quarter. Finally, UBS Group AG raised its holdings in shares of Starwood Property Trust by 36.4% during the second quarter. UBS Group AG now owns 2,058,922 shares of the real estate investment trust’s stock valued at $46,778,000 after acquiring an additional 549,892 shares during the last quarter. 60.75% of the stock is currently owned by hedge funds and other institutional investors.

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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