Starwood Property Trust, Inc. (NYSE:STWD) Receives $21.79 Average Target Price from Analysts

Shares of Starwood Property Trust, Inc. (NYSE:STWD) have been assigned an average rating of “Moderate Buy” from the eight research firms that are covering the company, MarketBeat Ratings reports. Four equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $21.79.

Several research firms have issued reports on STWD. BTIG Research restated a “buy” rating and issued a $24.00 price target on shares of Starwood Property Trust in a research report on Friday, July 19th. Keefe, Bruyette & Woods lifted their target price on Starwood Property Trust from $20.00 to $20.50 and gave the stock a “market perform” rating in a report on Friday, August 9th. Wolfe Research started coverage on Starwood Property Trust in a research report on Tuesday, June 25th. They set a “peer perform” rating on the stock. Raymond James decreased their price target on Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 16th. Finally, JPMorgan Chase & Co. boosted their price objective on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th.

Institutional Trading of Starwood Property Trust

A number of hedge funds have recently made changes to their positions in STWD. Norges Bank purchased a new stake in shares of Starwood Property Trust during the fourth quarter worth $62,447,000. Waterfront Capital Partners LLC purchased a new stake in shares of Starwood Property Trust during the 4th quarter worth about $15,997,000. NFC Investments LLC purchased a new stake in shares of Starwood Property Trust during the 4th quarter worth about $13,237,000. Premier Fund Managers Ltd acquired a new stake in shares of Starwood Property Trust during the 4th quarter valued at about $9,276,000. Finally, MGO One Seven LLC grew its stake in shares of Starwood Property Trust by 836.9% in the 4th quarter. MGO One Seven LLC now owns 437,819 shares of the real estate investment trust’s stock valued at $9,203,000 after buying an additional 391,087 shares in the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Trading Down 0.5 %

Shares of STWD stock opened at $19.90 on Friday. The stock has a 50-day simple moving average of $19.52 and a 200 day simple moving average of $19.65. The stock has a market capitalization of $6.29 billion, a P/E ratio of 14.32 and a beta of 1.69. Starwood Property Trust has a fifty-two week low of $17.07 and a fifty-two week high of $22.29. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 2.80.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.04. The company had revenue of $489.80 million during the quarter, compared to analyst estimates of $505.23 million. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. On average, sell-side analysts expect that Starwood Property Trust will post 1.91 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.65%. The ex-dividend date is Monday, September 30th. Starwood Property Trust’s dividend payout ratio is currently 138.13%.

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.