Starwood Property Trust (NYSE:STWD) PT Lowered to $23.00 at BTIG Research

Starwood Property Trust (NYSE:STWD) had its target price decreased by BTIG Research from $24.00 to $23.00 in a research note issued to investors on Wednesday, Benzinga reports. BTIG Research currently has a buy rating on the real estate investment trust’s stock.

Several other research firms have also commented on STWD. Bank of America reaffirmed a neutral rating and set a $21.50 target price (down from $22.50) on shares of Starwood Property Trust in a report on Monday, March 4th. Wells Fargo & Company raised their target price on Starwood Property Trust from $21.00 to $22.00 and gave the stock an outperform rating in a report on Friday, February 23rd. JPMorgan Chase & Co. lowered their price target on Starwood Property Trust from $21.00 to $20.00 and set an overweight rating on the stock in a research report on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods lowered their price target on Starwood Property Trust from $21.00 to $20.50 and set a market perform rating on the stock in a research report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $21.71.

Starwood Property Trust Stock Up 1.2 %

Starwood Property Trust stock opened at $19.37 on Wednesday. The firm has a market cap of $6.08 billion, a price-to-earnings ratio of 18.10 and a beta of 1.65. Starwood Property Trust has a 52 week low of $16.06 and a 52 week high of $22.29. The business’s 50-day moving average price is $19.87 and its 200 day moving average price is $19.92. The company has a quick ratio of 1.75, a current ratio of 1.75 and a debt-to-equity ratio of 2.95.

Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 15th. Stockholders of record on Friday, March 29th were given a $0.48 dividend. The ex-dividend date was Wednesday, March 27th. This represents a $1.92 annualized dividend and a dividend yield of 9.91%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 179.44%.

Insider Activity

In other news, President Jeffrey F. Dimodica sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $20.33, for a total value of $508,250.00. Following the transaction, the president now owns 925,984 shares in the company, valued at $18,825,254.72. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In other news, President Jeffrey F. Dimodica sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The stock was sold at an average price of $20.28, for a total value of $2,028,000.00. Following the transaction, the president now owns 1,226,673 shares in the company, valued at $24,876,928.44. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, President Jeffrey F. Dimodica sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $20.33, for a total value of $508,250.00. Following the completion of the transaction, the president now owns 925,984 shares in the company, valued at approximately $18,825,254.72. The disclosure for this sale can be found here. Company insiders own 5.40% of the company’s stock.

Hedge Funds Weigh In On Starwood Property Trust

A number of institutional investors have recently added to or reduced their stakes in the stock. Salem Investment Counselors Inc. lifted its position in Starwood Property Trust by 50.0% during the fourth quarter. Salem Investment Counselors Inc. now owns 1,500 shares of the real estate investment trust’s stock worth $28,000 after buying an additional 500 shares in the last quarter. Raymond James Trust N.A. lifted its position in Starwood Property Trust by 4.1% during the first quarter. Raymond James Trust N.A. now owns 12,803 shares of the real estate investment trust’s stock worth $309,000 after buying an additional 500 shares in the last quarter. Parkside Financial Bank & Trust lifted its position in Starwood Property Trust by 9.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 6,436 shares of the real estate investment trust’s stock worth $135,000 after buying an additional 547 shares in the last quarter. AQR Capital Management LLC lifted its position in Starwood Property Trust by 5.8% during the fourth quarter. AQR Capital Management LLC now owns 10,661 shares of the real estate investment trust’s stock worth $195,000 after buying an additional 584 shares in the last quarter. Finally, Highland Capital Management LLC increased its stake in Starwood Property Trust by 1.4% during the fourth quarter. Highland Capital Management LLC now owns 43,200 shares of the real estate investment trust’s stock worth $908,000 after acquiring an additional 600 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

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.