Analysts Set Starwood Property Trust, Inc. (NYSE:STWD) Target Price at $21.13

Starwood Property Trust, Inc. (NYSE:STWD) has been given a consensus rating of “Moderate Buy” by the six brokerages that are covering the company, Marketbeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $21.1250.

Several analysts recently commented on the company. Zacks Research lowered Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starwood Property Trust in a research note on Saturday, September 27th. Wall Street Zen raised Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. UBS Group boosted their price target on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods boosted their price target on Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th.

Starwood Property Trust Trading Down 0.1%

Shares of NYSE STWD opened at $19.44 on Thursday. The firm has a market capitalization of $7.14 billion, a PE ratio of 17.83 and a beta of 1.29. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.90. Starwood Property Trust has a one year low of $16.59 and a one year high of $21.05. The business has a 50-day moving average price of $20.01 and a two-hundred day moving average price of $19.77.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. The business had revenue of $444.28 million for the quarter, compared to analyst estimates of $477.00 million. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%.Starwood Property Trust’s quarterly revenue was down 9.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.48 EPS. As a group, analysts predict that Starwood Property Trust will post 1.88 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 Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 9.9%. Starwood Property Trust’s payout ratio is currently 176.15%.

Hedge Funds Weigh In On Starwood Property Trust

Institutional investors and hedge funds have recently bought and sold shares of the business. Alpine Bank Wealth Management acquired a new position in Starwood Property Trust in the first quarter worth $25,000. Meeder Asset Management Inc. acquired a new position in Starwood Property Trust in the first quarter worth $25,000. Evolution Wealth Management Inc. acquired a new position in Starwood Property Trust in the second quarter worth $25,000. PSI Advisors LLC acquired a new position in Starwood Property Trust in the first quarter worth $28,000. Finally, SVB Wealth LLC acquired a new position in Starwood Property Trust in the first quarter worth $30,000. Institutional investors and hedge funds 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.