B. Riley reiterated their buy rating on shares of Starwood Property Trust, Inc. (NYSE:STWD) in a research note issued to investors on Thursday. The brokerage currently has a $24.00 price target on the real estate investment trust’s stock.

A number of other equities research analysts have also recently commented on STWD. BidaskClub cut shares of Starwood Property Trust from a buy rating to a hold rating in a research report on Monday, July 24th. Zacks Investment Research cut shares of Starwood Property Trust from a hold rating to a sell rating in a research report on Wednesday, August 2nd. Finally, ValuEngine cut shares of Starwood Property Trust from a buy rating to a hold rating in a research report on Tuesday, September 12th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. The stock presently has an average rating of Buy and a consensus price target of $24.00.

Shares of Starwood Property Trust (STWD) opened at $21.53 on Thursday. Starwood Property Trust has a 52-week low of $21.11 and a 52-week high of $23.01. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.47 and a current ratio of 2.47. The company has a market cap of $5,619.30, a P/E ratio of 10.25, a P/E/G ratio of 2.16 and a beta of 0.52.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.65 EPS for the quarter, beating the Zacks’ consensus estimate of $0.54 by $0.11. Starwood Property Trust had a net margin of 52.28% and a return on equity of 11.88%. The company had revenue of $226.77 million during the quarter, compared to analysts’ expectations of $236.76 million. During the same quarter in the prior year, the company posted $0.59 earnings per share. Starwood Property Trust’s revenue for the quarter was up 10.8% compared to the same quarter last year. equities analysts forecast that Starwood Property Trust will post 1.99 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be issued a $0.48 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.92%. Starwood Property Trust’s dividend payout ratio is currently 116.36%.

In other Starwood Property Trust news, CFO Rina Paniry sold 6,867 shares of the firm’s stock in a transaction on Tuesday, September 19th. The shares were sold at an average price of $21.96, for a total value of $150,799.32. Following the completion of the transaction, the chief financial officer now owns 100,026 shares of the company’s stock, valued at $2,196,570.96. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, COO Andrew Jay Sossen sold 11,270 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $21.94, for a total transaction of $247,263.80. Following the completion of the transaction, the chief operating officer now directly owns 108,258 shares of the company’s stock, valued at approximately $2,375,180.52. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bronfman E.L. Rothschild L.P. increased its stake in shares of Starwood Property Trust by 1.6% in the second quarter. Bronfman E.L. Rothschild L.P. now owns 5,375 shares of the real estate investment trust’s stock worth $120,000 after acquiring an additional 87 shares during the period. Penserra Capital Management LLC increased its stake in shares of Starwood Property Trust by 10.0% in the second quarter. Penserra Capital Management LLC now owns 6,453 shares of the real estate investment trust’s stock worth $144,000 after acquiring an additional 586 shares during the period. ClariVest Asset Management LLC increased its stake in shares of Starwood Property Trust by 26.6% in the second quarter. ClariVest Asset Management LLC now owns 6,506 shares of the real estate investment trust’s stock worth $146,000 after acquiring an additional 1,366 shares during the period. Ffcm LLC increased its stake in shares of Starwood Property Trust by 108.2% in the second quarter. Ffcm LLC now owns 7,253 shares of the real estate investment trust’s stock worth $164,000 after acquiring an additional 3,769 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of Starwood Property Trust by 5.8% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,039 shares of the real estate investment trust’s stock worth $180,000 after acquiring an additional 438 shares during the period. 68.04% of the stock is owned by institutional investors and hedge funds.

About Starwood Property Trust

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