Starwood Property Trust (NYSE:STWD) Price Target Lowered to $19.00 at UBS Group

Starwood Property Trust (NYSE:STWD) had its target price lowered by UBS Group from $19.50 to $19.00 in a report issued on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the real estate investment trust’s stock.

A number of other equities analysts have also recently issued reports on STWD. JPMorgan Chase & Co. cut their price objective on Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Wednesday. Keefe, Bruyette & Woods reduced their price target on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. Two analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $21.86.

Starwood Property Trust Stock Down 0.9 %

Shares of NYSE:STWD opened at $18.25 on Wednesday. The firm has a market capitalization of $6.16 billion, a PE ratio of 15.60 and a beta of 1.34. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. Starwood Property Trust has a 52-week low of $16.59 and a 52-week high of $21.17. The firm has a fifty day moving average of $19.51 and a 200 day moving average of $19.59.

Starwood Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.52%. The ex-dividend date of this dividend was Monday, March 31st. Starwood Property Trust’s dividend payout ratio (DPR) is presently 174.55%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Starwood Property Trust by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust’s stock worth $586,375,000 after acquiring an additional 377,939 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Starwood Property Trust by 8.1% in the third quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust’s stock worth $108,960,000 after purchasing an additional 399,672 shares during the last quarter. Northern Trust Corp increased its holdings in Starwood Property Trust by 16.2% during the 4th quarter. Northern Trust Corp now owns 5,287,030 shares of the real estate investment trust’s stock valued at $100,189,000 after purchasing an additional 736,699 shares during the period. Norges Bank bought a new position in Starwood Property Trust during the 4th quarter valued at approximately $63,044,000. Finally, Bank of New York Mellon Corp lifted its holdings in Starwood Property Trust by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,669,827 shares of the real estate investment trust’s stock worth $50,593,000 after buying an additional 10,979 shares during the period. 49.82% of the stock is owned by hedge funds and other 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.