Starwood Property Trust (NYSE:STWD) Stock Gets Price Target Trim from Keefe, Bruyette & Woods

Starwood Property Trust (NYSE:STWD) had its target price cut by Keefe, Bruyette & Woods from $18.50 to $16.00 in a report issued on Friday,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

Several other research firms also recently weighed in on STWD. Wells Fargo & Company set a $20.00 price target on shares of Starwood Property Trust in a research note on Monday, August 17th. JPMorgan Chase & Co. lowered their price target on shares of Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a research report on Tuesday, August 18th. Citigroup reaffirmed a “market outperform” rating on shares of Starwood Property Trust in a research note on Thursday, September 24th. Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Starwood Property Trust in a report on Friday, August 7th. Five investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $18.70.

Starwood Property Trust Stock Down 0.0%

NYSE STWD opened at $12.71 on Friday. The business has a fifty day moving average price of $15.31 and a 200 day moving average price of $16.51. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.46 and a current ratio of 1.46. The company has a market cap of $4.70 billion, a P/E ratio of 21.54, a P/E/G ratio of 1.68 and a beta of 1.01. Starwood Property Trust has a one year low of $12.42 and a one year high of $19.06.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.40. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. The company had revenue of $201.42 million for the quarter, compared to analysts’ expectations of $521.67 million. During the same quarter in the previous year, the company posted $0.43 EPS. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. Research analysts anticipate that Starwood Property Trust will post 1.40 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 15.1%. Starwood Property Trust’s payout ratio is 325.42%.

Institutional Trading of Starwood Property Trust

Large investors have recently added to or reduced their stakes in the stock. Wedmont Private Capital purchased a new stake in shares of Starwood Property Trust in the 3rd quarter valued at approximately $296,000. GAMMA Investing LLC increased its holdings in shares of Starwood Property Trust by 33.5% during the 3rd quarter. GAMMA Investing LLC now owns 10,395 shares of the real estate investment trust’s stock worth $140,000 after buying an additional 2,610 shares during the last quarter. Adams Asset Advisors LLC raised its position in shares of Starwood Property Trust by 48.1% during the 3rd quarter. Adams Asset Advisors LLC now owns 299,901 shares of the real estate investment trust’s stock valued at $4,049,000 after buying an additional 97,452 shares during the period. Miller Global Investments LLC raised its position in shares of Starwood Property Trust by 44.0% during the 3rd quarter. Miller Global Investments LLC now owns 44,332 shares of the real estate investment trust’s stock valued at $598,000 after buying an additional 13,542 shares during the period. Finally, Versant Capital Management Inc lifted its holdings in Starwood Property Trust by 265.5% in the third quarter. Versant Capital Management Inc now owns 7,142 shares of the real estate investment trust’s stock valued at $96,000 after acquiring an additional 5,188 shares during the last quarter. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Starwood Property Trust Company Profile

Starwood Property Trust, Inc (NYSE: STWD) is a real estate investment trust focused on commercial real estate finance. The company originates, acquires, finances and manages a range of real estate debt investments, including senior and subordinate mortgages, mezzanine loans, and other credit investments secured by commercial properties.

Its business also includes commercial real estate lending and servicing, residential lending, and infrastructure lending. Through these activities, Starwood Property Trust provides financing to property owners, developers and other real estate participants across multiple property types, including office, multifamily, industrial, hospitality and other commercial assets.

Founded in 2009, the company operates primarily in the United States and has also pursued lending and investment opportunities in Europe and other select international markets.