JPMorgan Chase & Co. Cuts Starwood Property Trust (NYSE:STWD) Price Target to $18.50

Starwood Property Trust (NYSE:STWD) had its price target lowered by JPMorgan Chase & Co. from $19.00 to $18.50 in a research note released on Tuesday,Benzinga reports. The brokerage currently has an overweight rating on the real estate investment trust’s stock.

Several other equities research analysts have also recently weighed in on STWD. Keefe, Bruyette & Woods reduced their price target on Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Wall Street Zen lowered Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings restated a “hold (c-)” rating on shares of Starwood Property Trust in a report on Friday, August 7th. UBS Group assumed coverage on shares of Starwood Property Trust in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Zacks Research upgraded shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, Starwood Property Trust presently has an average rating of “Moderate Buy” and an average price target of $19.20.

Starwood Property Trust Stock Performance

Shares of STWD opened at $16.46 on Tuesday. The company has a 50-day simple moving average of $16.54 and a two-hundred day simple moving average of $17.27. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.46 and a quick ratio of 1.46. The firm has a market capitalization of $6.09 billion, a PE ratio of 27.90, a price-to-earnings-growth ratio of 2.02 and a beta of 0.98. Starwood Property Trust has a one year low of $15.51 and a one year high of $20.84.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.The firm had revenue of $201.42 million for the quarter, compared to the consensus estimate of $521.67 million. During the same quarter in the prior year, the business earned $0.43 EPS. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. On average, analysts anticipate that Starwood Property Trust will post 1.51 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 11.7%. The ex-dividend date of this dividend was Tuesday, June 30th. Starwood Property Trust’s dividend payout ratio (DPR) is 325.42%.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Peak Financial Advisors LLC increased its position in shares of Starwood Property Trust by 2.2% during the first quarter. Peak Financial Advisors LLC now owns 25,664 shares of the real estate investment trust’s stock worth $442,000 after acquiring an additional 559 shares during the period. Brown Advisory Inc. raised its position in shares of Starwood Property Trust by 1.3% in the 4th quarter. Brown Advisory Inc. now owns 47,432 shares of the real estate investment trust’s stock worth $854,000 after acquiring an additional 600 shares in the last quarter. CIBC Private Wealth Group LLC raised its holdings in Starwood Property Trust by 11.5% in the third quarter. CIBC Private Wealth Group LLC now owns 5,943 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 613 shares in the last quarter. Quadrant Capital Group LLC raised its holdings in Starwood Property Trust by 2.3% in the third quarter. Quadrant Capital Group LLC now owns 27,220 shares of the real estate investment trust’s stock worth $527,000 after purchasing an additional 621 shares in the last quarter. Finally, Mutual Advisors LLC lifted its position in shares of Starwood Property Trust by 1.8% during the fourth quarter. Mutual Advisors LLC now owns 36,608 shares of the real estate investment trust’s stock valued at $659,000 after buying an additional 631 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

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.