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

Starwood Property Trust (NYSE:STWD – Free Report) had its price objective cut by Keefe, Bruyette & Woods from $16.00 to $15.00 in a report published on Wednesday,Benzinga reports. They currently have an outperform rating on the real estate investment trust’s stock.

A number of other analysts also recently commented on the company. Wall Street Zen downgraded Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Wells Fargo & Company set a $20.00 price objective on Starwood Property Trust in a research report on Monday, August 17th. Zacks Research upgraded Starwood Property Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. JPMorgan Chase & Co. reduced their price objective on Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating for the company in a research note on Tuesday, August 18th. Finally, Weiss Ratings lowered Starwood Property Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $18.50.

Get Our Latest Research Report on Starwood Property Trust

Starwood Property Trust Stock Down 6.5%

NYSE:STWD traded down $0.84 on Wednesday, hitting $12.04. The stock had a trading volume of 11,538,286 shares, compared to its average volume of 5,973,494. 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 stock has a market cap of $4.46 billion, a P/E ratio of 20.41, a price-to-earnings-growth ratio of 1.75 and a beta of 1.03. Starwood Property Trust has a 1 year low of $11.84 and a 1 year high of $18.66. The firm’s fifty day simple moving average is $13.77 and its two-hundred day simple moving average is $16.41.

Starwood Property Trust (NYSE:STWD – Get Free Report) last posted its earnings results on Friday, November 6th. The real estate investment trust reported $0.31 EPS for the quarter, topping the consensus estimate of $0.27 by $0.04. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. The firm had revenue of $545.85 million for the quarter, compared to analysts’ expectations of $531.80 million. During the same quarter last year, the firm earned $0.40 EPS. The company’s quarterly revenue was down 22.8% compared to the same quarter last year. Analysts predict that Starwood Property Trust will post 1.33 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were paid a dividend of $0.48 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 15.9%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 325.42%.

Institutional Investors Weigh In On Starwood Property Trust

A number of hedge funds have recently modified their holdings of STWD. BlackRock Inc. bought a new stake in shares of Starwood Property Trust in the second quarter valued at $589,366,000. Bank of America Corp DE purchased a new position in shares of Starwood Property Trust during the 2nd quarter valued at $19,537,000. QRG Capital Management Inc. lifted its position in shares of Starwood Property Trust by 101.4% during the 2nd quarter. QRG Capital Management Inc. now owns 344,716 shares of the real estate investment trust’s stock valued at $5,646,000 after buying an additional 173,558 shares during the last quarter. Blue Owl Capital Holdings LP purchased a new position in shares of Starwood Property Trust during the 2nd quarter valued at $3,216,000. Finally, Adams Asset Advisors LLC grew its stake 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 worth $4,049,000 after acquiring an additional 97,452 shares during the period. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust News Summary

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

Starwood Property Trust Company Profile

(Get Free Report)

Starwood Property Trust, Inc is a real estate investment trust that focuses on commercial real estate finance and related investments. The company originates, acquires, and manages a range of real estate debt and equity investments, serving institutional borrowers, property owners, and developers.

Its portfolio and lending activities include senior mortgage loans, mezzanine debt, subordinated loans, preferred equity, commercial mortgage-backed securities, and other structured real estate investments.

Further Reading

Analyst Recommendations for Starwood Property Trust (NYSE:STWD)

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