JPMorgan Chase & Co. Lowers Starwood Property Trust (NYSE:STWD) Price Target to $19.00

Starwood Property Trust (NYSE:STWD) had its target price reduced by JPMorgan Chase & Co. from $20.00 to $19.00 in a research report report published on Wednesday morning,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

Separately, Keefe, Bruyette & Woods lowered their price target on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Monday, April 7th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $21.86.

Starwood Property Trust Trading Up 1.8 %

Shares of Starwood Property Trust stock opened at $18.56 on Wednesday. The firm’s 50 day moving average is $19.47 and its 200 day moving average is $19.57. The firm has a market capitalization of $6.27 billion, a PE ratio of 15.87 and a beta of 1.34. Starwood Property Trust has a 1 year low of $16.59 and a 1 year high of $21.17. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61.

Starwood Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Investors of record on Monday, March 31st were paid a $0.48 dividend. The ex-dividend date of this dividend was Monday, March 31st. This represents a $1.92 annualized dividend and a dividend yield of 10.34%. Starwood Property Trust’s dividend payout ratio is 174.55%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STWD. Global Trust Asset Management LLC bought a new stake in shares of Starwood Property Trust in the 1st quarter valued at about $70,000. Insigneo Advisory Services LLC lifted its stake in shares of Starwood Property Trust by 96.6% in the first quarter. Insigneo Advisory Services LLC now owns 20,665 shares of the real estate investment trust’s stock worth $409,000 after acquiring an additional 10,153 shares during the period. QRG Capital Management Inc. boosted its holdings in Starwood Property Trust by 3.9% in the first quarter. QRG Capital Management Inc. now owns 229,575 shares of the real estate investment trust’s stock valued at $4,539,000 after acquiring an additional 8,719 shares during the last quarter. Pinion Investment Advisors LLC increased its position in Starwood Property Trust by 120.9% during the 1st quarter. Pinion Investment Advisors LLC now owns 56,482 shares of the real estate investment trust’s stock valued at $1,117,000 after purchasing an additional 30,908 shares during the period. Finally, Integrated Advisors Network LLC bought a new position in Starwood Property Trust during the 1st quarter worth approximately $221,000. 49.82% of the stock is owned by institutional investors.

About Starwood Property Trust

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.