Starwood Property Trust, Inc. (NYSE:STWD) Receives $21.83 Average Price Target from Brokerages

Shares of Starwood Property Trust, Inc. (NYSE:STWD) have received a consensus recommendation of “Moderate Buy” from the seven research firms that are currently covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $21.83.

A number of equities analysts have weighed in on STWD shares. Keefe, Bruyette & Woods reduced their price target on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Monday, April 7th. UBS Group restated a “neutral” rating and set a $19.50 target price (up previously from $19.00) on shares of Starwood Property Trust in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. lifted their price target on shares of Starwood Property Trust from $19.00 to $19.50 and gave the company an “overweight” rating in a research note on Monday, May 12th.

Institutional Investors Weigh In On Starwood Property Trust

Several hedge funds and other institutional investors have recently bought and sold shares of STWD. Strs Ohio purchased a new stake in Starwood Property Trust in the 1st quarter valued at $2,376,000. Advisors Capital Management LLC raised its holdings in shares of Starwood Property Trust by 4.4% in the first quarter. Advisors Capital Management LLC now owns 1,356,714 shares of the real estate investment trust’s stock valued at $26,822,000 after purchasing an additional 57,638 shares during the last quarter. Twin Lakes Capital Management LLC raised its holdings in shares of Starwood Property Trust by 2.1% in the first quarter. Twin Lakes Capital Management LLC now owns 182,810 shares of the real estate investment trust’s stock valued at $3,614,000 after purchasing an additional 3,722 shares during the last quarter. Bayforest Capital Ltd lifted its position in shares of Starwood Property Trust by 616.1% during the first quarter. Bayforest Capital Ltd now owns 30,869 shares of the real estate investment trust’s stock valued at $610,000 after purchasing an additional 26,558 shares in the last quarter. Finally, Palogic Value Management L.P. boosted its holdings in Starwood Property Trust by 8.7% during the first quarter. Palogic Value Management L.P. now owns 46,347 shares of the real estate investment trust’s stock worth $916,000 after purchasing an additional 3,710 shares during the last quarter. 49.82% of the stock is owned by institutional investors.

Starwood Property Trust Stock Performance

Shares of NYSE STWD opened at $20.03 on Thursday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The business’s 50 day moving average is $19.30 and its two-hundred day moving average is $19.50. The company has a market cap of $6.80 billion, a P/E ratio of 17.12 and a beta of 1.25. Starwood Property Trust has a 12 month low of $16.59 and a 12 month high of $21.17.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Friday, May 9th. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The business had revenue of $418.18 million for the quarter, compared to the consensus estimate of $469.00 million. During the same period in the previous year, the business posted $0.59 earnings per share. On average, equities analysts expect that Starwood Property Trust will post 1.88 EPS for the current year.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.92 dividend on an annualized basis and a yield of 9.59%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 202.11%.

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.