Starwood Property Trust, Inc. (STWD) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of Starwood Property Trust, Inc. (NYSE:STWD) from a buy rating to a sell rating in a research note issued to investors on Wednesday morning.

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. “

A number of other equities analysts have also recently commented on STWD. Deutsche Bank AG reissued a buy rating on shares of Starwood Property Trust in a report on Thursday, November 3rd. Bank of America Corporation cut Starwood Property Trust from a buy rating to a neutral rating and boosted their price target for the stock from $22.50 to $24.00 in a report on Thursday, December 15th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and six have assigned a buy rating to the company. Starwood Property Trust has an average rating of Buy and an average price target of $24.22.

Analyst Recommendations for Starwood Property Trust (NYSE:STWD)

Starwood Property Trust (NYSE:STWD) opened at 22.78 on Wednesday. The firm has a market cap of $5.43 billion, a price-to-earnings ratio of 16.25 and a beta of 0.62. The firm has a 50-day moving average price of $22.40 and a 200 day moving average price of $22.28. Starwood Property Trust has a 1-year low of $17.06 and a 1-year high of $23.46.

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A number of large investors have recently modified their holdings of STWD. Chevy Chase Trust Holdings Inc. raised its stake in shares of Starwood Property Trust by 2.6% in the third quarter. Chevy Chase Trust Holdings Inc. now owns 281,229 shares of the company’s stock worth $6,334,000 after buying an additional 7,232 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of Starwood Property Trust by 4.6% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 160,624 shares of the company’s stock worth $3,526,000 after buying an additional 7,052 shares in the last quarter. Venturi Wealth Management LLC raised its stake in shares of Starwood Property Trust by 6.8% in the third quarter. Venturi Wealth Management LLC now owns 85,307 shares of the company’s stock worth $1,921,000 after buying an additional 5,409 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Starwood Property Trust by 105.6% in the third quarter. Teachers Advisors LLC now owns 458,515 shares of the company’s stock worth $10,326,000 after buying an additional 235,546 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its stake in shares of Starwood Property Trust by 1.2% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 6,098,270 shares of the company’s stock worth $137,333,000 after buying an additional 70,938 shares in the last quarter. Institutional investors and hedge funds own 66.24% of the company’s stock.

About Starwood Property Trust

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