Starwood Property Trust, Inc. (NYSE:STWD) Stock Has Average Price Target of $18.50

by · The Cerbat Gem

Shares of Starwood Property Trust, Inc. (NYSE:STWD – Get Free Report) have been given a consensus recommendation of “Moderate Buy” by the eight ratings firms that are covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $18.50.

Several research firms recently weighed in on STWD. Keefe, Bruyette & Woods dropped their price target on Starwood Property Trust from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 4th. Wall Street Zen upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday. Weiss Ratings lowered Starwood Property Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Wells Fargo & Company set a $20.00 price target on Starwood Property Trust in a research note on Monday, August 17th. Finally, Citigroup restated a “market outperform” rating on shares of Starwood Property Trust in a research note on Monday, October 26th.

View Our Latest Research Report on Starwood Property Trust

Starwood Property Trust Trading Down 0.1%

NYSE:STWD opened at $12.04 on Friday. Starwood Property Trust has a 12-month low of $11.84 and a 12-month high of $18.66. The firm has a market capitalization of $4.46 billion, a P/E ratio of -17.71, a P/E/G ratio of 1.67 and a beta of 1.03. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.48 and a quick ratio of 1.46. The business has a 50 day simple moving average of $13.77 and a 200 day simple moving average of $16.41.

Starwood Property Trust (NYSE:STWD – Get Free Report) last issued its quarterly earnings results on Friday, November 6th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $545.85 million during the quarter, compared to analyst estimates of $531.80 million. Starwood Property Trust had a negative net margin of 11.35% and a positive return on equity of 7.77%. The business’s revenue for the quarter was down 22.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.40 EPS. Equities research analysts predict that Starwood Property Trust will post 1.33 EPS for the current year.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.92 annualized dividend and a yield of 15.9%. Starwood Property Trust’s dividend payout ratio is currently 325.42%.

Key Starwood Property Trust News

Here are the key news stories impacting Starwood Property Trust this week:

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in STWD. NewEdge Wealth LLC grew its position in shares of Starwood Property Trust by 1.6% in the 1st quarter. NewEdge Wealth LLC now owns 46,769 shares of the real estate investment trust’s stock valued at $805,000 after purchasing an additional 732 shares during the period. GoalVest Advisory LLC grew its position in Starwood Property Trust by 1.7% in the 2nd quarter. GoalVest Advisory LLC now owns 54,818 shares of the real estate investment trust’s stock valued at $898,000 after purchasing an additional 934 shares during the period. Aviance Capital Partners LLC lifted its stake in Starwood Property Trust by 1.1% during the 1st quarter. Aviance Capital Partners LLC now owns 88,582 shares of the real estate investment trust’s stock valued at $1,525,000 after acquiring an additional 1,000 shares in the last quarter. Modern Wealth Management LLC boosted its stake in shares of Starwood Property Trust by 3.2% in the 1st quarter. Modern Wealth Management LLC now owns 32,675 shares of the real estate investment trust’s stock worth $558,000 after buying an additional 1,009 shares during the last quarter. Finally, MGO One Seven LLC grew its position in Starwood Property Trust by 1.8% during the third quarter. MGO One Seven LLC now owns 59,160 shares of the real estate investment trust’s stock valued at $799,000 after buying an additional 1,023 shares during the period. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Company Profile

(Get Free Report)

Starwood Property Trust, Inc is a real estate investment trust focused on commercial real estate finance and related investments. The company originates, acquires and manages commercial mortgage loans and other debt investments secured by commercial properties, and also invests in commercial real estate and infrastructure-related lending.

Founded in 2009, Starwood Property Trust operates primarily in the United States and also conducts business in international markets, including Europe and Australia.

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