Keefe, Bruyette & Woods Issues Pessimistic Forecast for Starwood Property Trust (NYSE:STWD) Stock Price

Starwood Property Trust (NYSE:STWD) had its target price reduced by Keefe, Bruyette & Woods from $22.50 to $22.00 in a research note released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Several other analysts also recently weighed in on STWD. Wells Fargo & Company boosted their price target on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. UBS Group boosted their target price on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research note on Friday, November 15th. JMP Securities dropped their target price on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. decreased their price target on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and an average price target of $22.19.

Starwood Property Trust Stock Performance

Shares of NYSE STWD opened at $18.98 on Tuesday. The stock’s 50-day moving average is $19.60 and its 200 day moving average is $19.82. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 16.22 and a beta of 1.69. Starwood Property Trust has a 1-year low of $18.12 and a 1-year high of $21.19. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. The firm had revenue of $479.50 million for the quarter, compared to the consensus estimate of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The business’s revenue was down 8.1% compared to the same quarter last year. During the same period last year, the firm posted $0.46 earnings per share. On average, sell-side analysts anticipate that Starwood Property Trust will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 10.12%. The ex-dividend date of this dividend is Tuesday, December 31st. Starwood Property Trust’s dividend payout ratio (DPR) is currently 164.10%.

Hedge Funds Weigh In On Starwood Property Trust

Several hedge funds have recently made changes to their positions in the business. Altshuler Shaham Ltd bought a new stake in Starwood Property Trust in the second quarter valued at $28,000. Future Financial Wealth Managment LLC bought a new position in Starwood Property Trust in the 3rd quarter worth $34,000. Quarry LP purchased a new stake in shares of Starwood Property Trust in the 2nd quarter worth about $36,000. Godsey & Gibb Inc. bought a new stake in shares of Starwood Property Trust during the 3rd quarter valued at about $41,000. Finally, Point72 DIFC Ltd purchased a new position in shares of Starwood Property Trust during the third quarter valued at about $55,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

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.