Starwood Property Trust, Inc. (NYSE:STWD) Receives Average Recommendation of “Hold” from Brokerages

Starwood Property Trust, Inc. (NYSE:STWD) has received a consensus recommendation of “Hold” from the six analysts that are currently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $20.6250.

Several research firms have weighed in on STWD. Wells Fargo & Company cut their price target on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, November 11th. Zacks Research downgraded Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday, October 8th. Finally, Keefe, Bruyette & Woods decreased their price target on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Wednesday, November 12th.

Starwood Property Trust Stock Up 0.5%

Shares of STWD stock opened at $18.53 on Tuesday. The stock has a market cap of $6.86 billion, a P/E ratio of 17.64 and a beta of 1.14. Starwood Property Trust has a 52 week low of $16.59 and a 52 week high of $21.05. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 2.98. The company’s fifty day simple moving average is $18.31 and its two-hundred day simple moving average is $19.47.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Monday, November 10th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). Starwood Property Trust had a net margin of 20.28% and a return on equity of 8.41%. The firm had revenue of $247.87 million for the quarter, compared to analysts’ expectations of $479.70 million. During the same quarter in the previous year, the business earned $0.48 EPS. The company’s revenue for the quarter was up 1.9% on a year-over-year basis. Analysts predict that Starwood Property Trust will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.4%. The ex-dividend date is Wednesday, December 31st. Starwood Property Trust’s dividend payout ratio is currently 182.86%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in STWD. Evolution Wealth Management Inc. purchased a new stake in Starwood Property Trust during the second quarter valued at approximately $25,000. Cloud Capital Management LLC bought a new position in shares of Starwood Property Trust during the 3rd quarter valued at approximately $29,000. Jackson Grant Investment Advisers Inc. purchased a new stake in Starwood Property Trust during the 3rd quarter valued at $29,000. SVB Wealth LLC bought a new stake in Starwood Property Trust in the first quarter worth $30,000. Finally, FNY Investment Advisers LLC bought a new stake in Starwood Property Trust in the third quarter worth $30,000. Hedge funds and other institutional investors 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.