Starwood Property Trust (NYSE:STWD) Price Target Raised to $19.50

Starwood Property Trust (NYSE:STWD) had its price target increased by JPMorgan Chase & Co. from $19.00 to $19.50 in a research note issued to investors on Monday,Benzinga reports. They currently have an overweight rating on the real estate investment trust’s stock.

A number of other research analysts also recently issued reports on the stock. UBS Group reduced their price objective on shares of Starwood Property Trust from $19.50 to $19.00 and set a “neutral” rating on the stock in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods dropped their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. Two research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.93.

Starwood Property Trust Stock Down 0.2%

Shares of Starwood Property Trust stock opened at $19.97 on Monday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. The company’s fifty day simple moving average is $19.17 and its two-hundred day simple moving average is $19.47. The company has a market cap of $6.74 billion, a P/E ratio of 17.07 and a beta of 1.26. Starwood Property Trust has a 12-month low of $16.59 and a 12-month high of $21.17.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The company had revenue of $418.18 million for the quarter, compared to analysts’ expectations of $469.00 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. During the same period in the previous year, the firm posted $0.59 earnings per share. Research analysts anticipate that Starwood Property Trust will post 1.88 EPS for the current year.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.61%. The ex-dividend date of this dividend was Monday, March 31st. Starwood Property Trust’s dividend payout ratio (DPR) is presently 202.11%.

Institutional Trading of Starwood Property Trust

A number of hedge funds have recently modified their holdings of STWD. Alpine Bank Wealth Management bought a new stake in Starwood Property Trust during the 1st quarter valued at about $25,000. Meeder Asset Management Inc. bought a new stake in shares of Starwood Property Trust during the first quarter valued at approximately $25,000. Albion Financial Group UT bought a new stake in shares of Starwood Property Trust during the fourth quarter valued at approximately $28,000. PSI Advisors LLC bought a new stake in shares of Starwood Property Trust during the first quarter valued at approximately $28,000. Finally, Brooklyn Investment Group increased its position in shares of Starwood Property Trust by 86.1% during the fourth quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 730 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Company Profile

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.