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

Starwood Property Trust (NYSE:STWD) had its price objective cut by analysts at BTIG Research from $24.00 to $23.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. BTIG Research’s target price would suggest a potential upside of 20.20% from the company’s previous close.

Other equities analysts also recently issued research reports about the stock. Wells Fargo & Company boosted their price target on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Friday, February 23rd. Bank of America restated a “neutral” rating and set a $21.50 price objective (down from $22.50) on shares of Starwood Property Trust in a research note on Monday, March 4th. JPMorgan Chase & Co. cut their price objective on shares of Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a research note on Wednesday, April 10th. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.71.

Starwood Property Trust Stock Performance

Starwood Property Trust stock opened at $19.14 on Wednesday. The company has a market cap of $6.01 billion, a PE ratio of 17.88 and a beta of 1.65. The company has a fifty day moving average price of $19.86 and a two-hundred day moving average price of $19.92. The company has a debt-to-equity ratio of 2.95, a current ratio of 1.75 and a quick ratio of 1.75. Starwood Property Trust has a 12 month low of $16.06 and a 12 month high of $22.29.

Insiders Place Their Bets

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

Hedge Funds Weigh In On Starwood Property Trust

Several institutional investors and hedge funds have recently bought and sold shares of the business. GAMMA Investing LLC bought a new stake in shares of Starwood Property Trust in the 4th quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC bought a new stake in shares of Starwood Property Trust in the 1st quarter valued at approximately $26,000. ICA Group Wealth Management LLC bought a new stake in shares of Starwood Property Trust in the 4th quarter valued at approximately $28,000. Salem Investment Counselors Inc. grew its stake in shares of Starwood Property Trust by 50.0% in the 4th quarter. Salem Investment Counselors Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $28,000 after buying an additional 500 shares in the last quarter. Finally, Cape Investment Advisory Inc. bought a new stake in shares of Starwood Property Trust in the 4th quarter valued at approximately $32,000. 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.