Starwood Property Trust, Inc. (NYSE:STWD) Receives $19.70 Average PT from Brokerages

by · The Markets Daily

Starwood Property Trust, Inc. (NYSE:STWD – Get Free Report) has earned an average recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among analysts that have covered the stock in the last year is $19.70.

A number of equities analysts have weighed in on STWD shares. Wall Street Zen raised Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Weiss Ratings lowered shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. lowered their price objective on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating on the stock in a report on Wednesday, May 13th.

View Our Latest Stock Analysis on Starwood Property Trust

Starwood Property Trust Stock Performance

Shares of STWD opened at $15.97 on Wednesday. The company has a market cap of $5.92 billion, a price-to-earnings ratio of 16.64, a P/E/G ratio of 2.19 and a beta of 0.98. The business’s fifty day simple moving average is $16.75 and its two-hundred day simple moving average is $17.46. Starwood Property Trust has a 12 month low of $15.94 and a 12 month high of $20.84. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.31.

Starwood Property Trust (NYSE:STWD – Get Free Report) last posted its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). Starwood Property Trust had a return on equity of 7.91% and a net margin of 18.11%.The business had revenue of $205.55 million during the quarter, compared to analysts’ expectations of $496.25 million. During the same quarter in the prior year, the firm earned $0.45 EPS. The firm’s revenue for the quarter was up 22.5% compared to the same quarter last year. Research analysts anticipate that Starwood Property Trust will post 1.51 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 12.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Starwood Property Trust’s dividend payout ratio is presently 200.00%.

Institutional Trading of Starwood Property Trust

Several large investors have recently modified their holdings of STWD. Kestra Advisory Services LLC boosted its holdings in Starwood Property Trust by 63.3% in the 1st quarter. Kestra Advisory Services LLC now owns 331,004 shares of the real estate investment trust’s stock worth $5,700,000 after buying an additional 128,300 shares during the period. Geode Capital Management LLC lifted its position in shares of Starwood Property Trust by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust’s stock valued at $115,453,000 after acquiring an additional 148,740 shares in the last quarter. GraniteShares Advisors LLC purchased a new position in shares of Starwood Property Trust in the fourth quarter valued at about $2,617,000. Norges Bank bought a new position in shares of Starwood Property Trust in the fourth quarter worth about $75,177,000. Finally, Cetera Investment Advisers boosted its stake in shares of Starwood Property Trust by 26.7% in the first quarter. Cetera Investment Advisers now owns 764,957 shares of the real estate investment trust’s stock worth $13,173,000 after acquiring an additional 161,049 shares during the period. Institutional investors own 49.82% of the company’s stock.

About Starwood Property Trust

(Get Free Report)

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.

See Also