Starwood Property Trust (STWD) Upgraded at Zacks Investment Research

Zacks Investment Research upgraded shares of Starwood Property Trust (NYSE:STWD) from a sell rating to a hold rating in a report published on Tuesday.

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. “

Separately, ValuEngine upgraded shares of Starwood Property Trust from a sell rating to a hold rating in a research report on Monday, October 22nd. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Starwood Property Trust currently has a consensus rating of Buy and a consensus target price of $24.00.

STWD opened at $21.82 on Tuesday. The stock has a market cap of $6.01 billion, a P/E ratio of 10.10, a P/E/G ratio of 2.07 and a beta of 0.54. The company has a debt-to-equity ratio of 2.19, a current ratio of 2.06 and a quick ratio of 2.06. Starwood Property Trust has a fifty-two week low of $19.16 and a fifty-two week high of $23.04.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Baird Financial Group Inc. lifted its holdings in Starwood Property Trust by 66.0% during the third quarter. Baird Financial Group Inc. now owns 15,809 shares of the real estate investment trust’s stock valued at $337,000 after purchasing an additional 6,288 shares during the last quarter. BKS Advisors LLC lifted its holdings in Starwood Property Trust by 7.9% during the fourth quarter. BKS Advisors LLC now owns 129,801 shares of the real estate investment trust’s stock valued at $2,558,000 after purchasing an additional 9,514 shares during the last quarter. Atlantic Trust LLC lifted its holdings in Starwood Property Trust by 87.8% during the third quarter. Atlantic Trust LLC now owns 50,230 shares of the real estate investment trust’s stock valued at $1,081,000 after purchasing an additional 23,490 shares during the last quarter. First Republic Investment Management Inc. lifted its holdings in Starwood Property Trust by 98.9% during the third quarter. First Republic Investment Management Inc. now owns 638,735 shares of the real estate investment trust’s stock valued at $13,745,000 after purchasing an additional 317,632 shares during the last quarter. Finally, Vanguard Group Inc lifted its holdings in Starwood Property Trust by 3.2% during the third quarter. Vanguard Group Inc now owns 24,057,993 shares of the real estate investment trust’s stock valued at $517,728,000 after purchasing an additional 749,886 shares during the last quarter. 64.62% of the stock is currently owned by institutional investors and hedge funds.

About Starwood Property Trust

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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