Starwood Property Trust Inc. (STWD) Receives Average Recommendation of “Buy” from Analysts
Shares of Starwood Property Trust Inc. (NYSE:STWD) have been assigned a consensus recommendation of “Buy” from the ten brokerages that are presently covering the stock. Four research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $23.81.
Several research analysts recently commented on STWD shares. Credit Suisse Group AG raised their price target on shares of Starwood Property Trust from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, September 26th. Zacks Investment Research lowered shares of Starwood Property Trust from a “buy” rating to a “hold” rating in a report on Thursday, October 6th. Compass Point lowered shares of Starwood Property Trust from a “buy” rating to a “neutral” rating and raised their price target for the company from $22.00 to $23.00 in a report on Monday, August 15th. FBR & Co raised their price target on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Tuesday, June 28th. Finally, Deutsche Bank AG set a $24.00 price target on shares of Starwood Property Trust and gave the company a “buy” rating in a report on Friday, August 5th.
Shares of Starwood Property Trust (NYSE:STWD) traded up 1.327% during mid-day trading on Wednesday, hitting $21.755. 1,243,380 shares of the stock traded hands. Starwood Property Trust has a one year low of $16.69 and a one year high of $23.46. The stock has a market cap of $5.18 billion, a PE ratio of 14.789 and a beta of 0.68. The stock has a 50-day moving average of $22.55 and a 200 day moving average of $21.00.
Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.50 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.50. The business had revenue of $200 million for the quarter, compared to analyst estimates of $50.75 million. Starwood Property Trust had a net margin of 42.66% and a return on equity of 11.54%. The company’s revenue was up 11.9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.53 EPS. Equities analysts predict that Starwood Property Trust will post $1.73 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, October 17th. Stockholders of record on Friday, September 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.94%. The ex-dividend date is Wednesday, September 28th. Starwood Property Trust’s payout ratio is currently 130.61%.
Several hedge funds have recently added to or reduced their stakes in STWD. Boston Partners acquired a new position in Starwood Property Trust during the second quarter worth approximately $19,259,000. Emerald Acquisition Ltd. bought a new stake in Starwood Property Trust during the second quarter worth about $16,621,000. Prudential Financial Inc. boosted its stake in Starwood Property Trust by 12.4% in the second quarter. Prudential Financial Inc. now owns 4,876,173 shares of the company’s stock worth $101,034,000 after buying an additional 538,451 shares during the last quarter. Omni Partners LLP bought a new stake in Starwood Property Trust during the second quarter worth about $35,840,000. Finally, Vanguard Group Inc. boosted its stake in Starwood Property Trust by 2.9% in the second quarter. Vanguard Group Inc. now owns 15,841,957 shares of the company’s stock worth $328,245,000 after buying an additional 449,964 shares during the last quarter. 73.51% of the stock is owned by institutional investors and hedge funds.
Starwood Property Trust Company Profile
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