Starwood Property Trust (NYSE:STWD) Shares Gap Up to $11.04

Starwood Property Trust, Inc. (NYSE:STWD) shares gapped up prior to trading on Wednesday . The stock had previously closed at $10.47, but opened at $11.04. Starwood Property Trust shares last traded at $12.59, with a volume of 6,549,014 shares changing hands.

A number of equities research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Wednesday, March 25th. ValuEngine downgraded shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Thursday, April 2nd. Finally, B. Riley lifted their target price on shares of Starwood Property Trust from $25.50 to $27.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have assigned a buy rating to the company. Starwood Property Trust currently has an average rating of “Hold” and a consensus price target of $27.00.

The firm’s 50-day moving average is $17.26 and its 200 day moving average is $22.91. The company has a current ratio of 3.01, a quick ratio of 3.01 and a debt-to-equity ratio of 2.29. The firm has a market capitalization of $2.63 billion, a price-to-earnings ratio of 7.15 and a beta of 1.31.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Tuesday, February 25th. The real estate investment trust reported $0.47 EPS for the quarter, missing the consensus estimate of $0.50 by ($0.03). Starwood Property Trust had a return on equity of 9.97% and a net margin of 41.26%. The business had revenue of $286.43 million for the quarter, compared to analyst estimates of $305.22 million. During the same quarter in the prior year, the business earned $0.54 earnings per share. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. Analysts predict that Starwood Property Trust, Inc. will post 1.89 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st will be issued a dividend of $0.48 per share. The ex-dividend date is Monday, March 30th. This represents a $1.92 annualized dividend and a yield of 15.25%. Starwood Property Trust’s payout ratio is 112.28%.

In related news, CEO Barry S. Sternlicht acquired 218,000 shares of the stock in a transaction dated Wednesday, March 18th. The stock was bought at an average price of $11.33 per share, for a total transaction of $2,469,940.00. Following 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 document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey G. Dishner acquired 25,000 shares of the stock in a transaction dated Friday, March 13th. The stock was bought at an average price of $18.60 per share, with a total value of $465,000.00. Following the purchase, the director now directly owns 361,097 shares in the company, valued at $6,716,404.20. The disclosure for this purchase can be found here. 3.50% of the stock is currently owned by company insiders.

Several large investors have recently added to or reduced their stakes in the company. State Street Corp increased its stake in shares of Starwood Property Trust by 1.0% in the 4th quarter. State Street Corp now owns 4,179,781 shares of the real estate investment trust’s stock valued at $105,934,000 after acquiring an additional 41,194 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Starwood Property Trust by 3.9% in the 4th quarter. Geode Capital Management LLC now owns 3,364,432 shares of the real estate investment trust’s stock valued at $83,745,000 after acquiring an additional 126,346 shares in the last quarter. Norges Bank bought a new stake in shares of Starwood Property Trust in the 4th quarter valued at $63,887,000. CWM LLC increased its stake in shares of Starwood Property Trust by 7.9% in the 4th quarter. CWM LLC now owns 1,755,741 shares of the real estate investment trust’s stock valued at $43,648,000 after acquiring an additional 129,176 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Starwood Property Trust by 1.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,380,371 shares of the real estate investment trust’s stock valued at $34,317,000 after acquiring an additional 25,001 shares in the last quarter. Institutional investors own 59.32% of the company’s stock.

About Starwood Property Trust (NYSE:STWD)

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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