Starwood Property Trust, Inc. (NYSE:STWD) Receives $19.70 Consensus PT from Brokerages

Shares of Starwood Property Trust, Inc. (NYSE:STWD) have received a consensus recommendation of “Moderate Buy” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have covered the stock in the last year is $19.70.

Several equities research analysts recently commented on the company. JPMorgan Chase & Co. reduced 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 Thursday, April 16th. Weiss Ratings cut Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Wall Street Zen upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Zacks Research raised Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Finally, UBS Group started coverage on shares of Starwood Property Trust in a research note on Tuesday, June 2nd. They issued a “buy” rating and a $20.00 price objective for the company.

Institutional Trading of Starwood Property Trust

Institutional investors have recently bought and sold shares of the stock. AQR Capital Management LLC lifted its stake in Starwood Property Trust by 70.1% in the first quarter. AQR Capital Management LLC now owns 36,396 shares of the real estate investment trust’s stock worth $720,000 after purchasing an additional 15,001 shares during the last quarter. NewEdge Advisors LLC grew its stake in shares of Starwood Property Trust by 23.9% during the first quarter. NewEdge Advisors LLC now owns 19,606 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 3,784 shares during the last quarter. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Starwood Property Trust by 99.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,450 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 3,721 shares during the period. EverSource Wealth Advisors LLC raised its holdings in shares of Starwood Property Trust by 42.7% in the second quarter. EverSource Wealth Advisors LLC now owns 5,535 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 1,657 shares during the period. Finally, Baird Financial Group Inc. lifted its stake in shares of Starwood Property Trust by 3.3% during the 2nd quarter. Baird Financial Group Inc. now owns 113,306 shares of the real estate investment trust’s stock worth $2,274,000 after acquiring an additional 3,577 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Stock Down 0.0%

Shares of NYSE:STWD opened at $15.97 on Wednesday. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.31. The stock has a fifty day simple moving average of $16.75 and a two-hundred day simple moving average of $17.45. Starwood Property Trust has a 12-month low of $15.94 and a 12-month high of $20.84. The stock has a market capitalization of $5.92 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 2.16 and a beta of 0.98.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The company had revenue of $205.55 million for the quarter, compared to the consensus estimate of $496.25 million. Starwood Property Trust had a net margin of 18.11% and a return on equity of 7.91%. Starwood Property Trust’s revenue was up 22.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.45 earnings per share. On average, research analysts anticipate that Starwood Property Trust will post 1.51 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.92 dividend on an annualized basis and a yield of 12.0%. Starwood Property Trust’s payout ratio is presently 200.00%.

Starwood Property Trust Company Profile

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.