Starwood Property Trust's (STWD) "Hold (C)" Rating Reiterated at Weiss Ratings

Key Points

• Starwood Property Trust's stock has a "hold (c)" rating from Weiss Ratings, with several other brokerages also issuing mixed ratings recently.
• Starwood shares traded down 0.6% to $18.80 with a market capitalization of $6.90 billion and a 12-month trading range between $16.59 and $21.05.
• The REIT reported an EPS of $0.43 for its last quarter, surpassing expectations but showing 9.3% lower revenue compared to the same quarter last year.

Starwood Property Trust (NYSE:STWD - Get Free Report)'s stock had its "hold (c)" rating reissued by Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

Several other brokerages have also issued reports on STWD. UBS Group boosted their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Zacks Research lowered shares of Starwood Property Trust from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 30th. Wall Street Zen upgraded shares of Starwood Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an "outperform" rating in a report on Thursday, July 10th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, Starwood Property Trust has an average rating of "Moderate Buy" and an average target price of $21.13.

Starwood Property Trust Trading Down 0.6%

Shares of NYSE STWD traded down $0.12 during trading on Wednesday, hitting $18.80. 2,904,029 shares of the company were exchanged, compared to its average volume of 3,069,652. Starwood Property Trust has a 12-month low of $16.59 and a 12-month high of $21.05. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.61 and a current ratio of 1.61. The company has a fifty day moving average price of $19.96 and a 200-day moving average price of $19.75. The firm has a market capitalization of $6.90 billion, a PE ratio of 17.25 and a beta of 1.29.

Starwood Property Trust (NYSE:STWD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%.The business had revenue of $444.28 million for the quarter, compared to analyst estimates of $477.00 million. During the same quarter in the previous year, the firm earned $0.48 EPS. The company's quarterly revenue was down 9.3% compared to the same quarter last year. As a group, equities research analysts expect that Starwood Property Trust will post 1.88 EPS for the current year.

Hedge Funds Weigh In On Starwood Property Trust

Hedge funds have recently modified their holdings of the business. Principal Financial Group Inc. grew its position in shares of Starwood Property Trust by 0.4% during the first quarter. Principal Financial Group Inc. now owns 737,047 shares of the real estate investment trust's stock worth $14,571,000 after acquiring an additional 2,993 shares during the last quarter. QRG Capital Management Inc. grew its position in shares of Starwood Property Trust by 9.0% during the second quarter. QRG Capital Management Inc. now owns 250,278 shares of the real estate investment trust's stock worth $5,023,000 after acquiring an additional 20,703 shares during the last quarter. Teacher Retirement System of Texas purchased a new position in shares of Starwood Property Trust during the first quarter worth approximately $925,000. Oppenheimer & Co. Inc. lifted its holdings in shares of Starwood Property Trust by 73.1% during the first quarter. Oppenheimer & Co. Inc. now owns 85,774 shares of the real estate investment trust's stock worth $1,696,000 after purchasing an additional 36,209 shares during the period. Finally, Highland Capital Management LLC lifted its holdings in shares of Starwood Property Trust by 68.2% during the first quarter. Highland Capital Management LLC now owns 76,450 shares of the real estate investment trust's stock worth $1,511,000 after purchasing an additional 31,000 shares during the period. 49.82% 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 internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.

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