Starwood Property Trust (NYSE:STWD) Given New $20.00 Price Target at JPMorgan Chase & Co.

Starwood Property Trust (NYSE:STWD) had its price target lowered by JPMorgan Chase & Co. from $20.50 to $20.00 in a report published on Thursday,Benzinga reports. The firm currently has an overweight rating on the real estate investment trust’s stock.

A number of other equities research analysts have also recently weighed in on the stock. Wells Fargo & Company boosted their price target on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $20.50 to $22.50 in a report on Thursday, September 5th. JMP Securities dropped their price target on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a research note on Thursday. Finally, BTIG Research reaffirmed a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a research report on Friday, July 19th. Three equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $22.38.

Starwood Property Trust Stock Up 0.3 %

Shares of NYSE:STWD opened at $19.50 on Thursday. The firm has a 50 day simple moving average of $20.08 and a 200-day simple moving average of $19.78. Starwood Property Trust has a twelve month low of $18.43 and a twelve month high of $22.29. The company has a current ratio of 1.79, a quick ratio of 1.84 and a debt-to-equity ratio of 2.61. The company has a market capitalization of $6.57 billion, a PE ratio of 16.67 and a beta of 1.70.

Hedge Funds Weigh In On Starwood Property Trust

Several institutional investors have recently added to or reduced their stakes in the stock. Artemis Investment Management LLP purchased a new position in shares of Starwood Property Trust in the 3rd quarter valued at approximately $9,580,000. International Assets Investment Management LLC lifted its holdings in shares of Starwood Property Trust by 2,414.3% during the third quarter. International Assets Investment Management LLC now owns 476,586 shares of the real estate investment trust’s stock worth $9,713,000 after purchasing an additional 457,631 shares during the period. Lighthouse Investment Partners LLC purchased a new position in Starwood Property Trust in the 2nd quarter valued at $5,455,000. Van ECK Associates Corp increased its stake in Starwood Property Trust by 27.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,313,824 shares of the real estate investment trust’s stock valued at $26,106,000 after buying an additional 279,793 shares during the period. Finally, Valley Wealth Managers Inc. raised its position in Starwood Property Trust by 30.3% during the 3rd quarter. Valley Wealth Managers Inc. now owns 1,026,455 shares of the real estate investment trust’s stock worth $20,919,000 after buying an additional 238,994 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

About Starwood Property Trust

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.