Shares of Starwood Property Trust, Inc. (NYSE:STWD) have been assigned a consensus rating of “Buy” from the eight ratings firms that are presently covering the stock, Marketbeat reports. Three analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $24.00.
Several equities analysts recently weighed in on the stock. ValuEngine raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Monday, October 22nd. Zacks Investment Research raised shares of Starwood Property Trust from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research report on Wednesday, October 24th. Credit Suisse Group raised their price target on shares of Starwood Property Trust from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, August 21st. Finally, JPMorgan Chase & Co. assumed coverage on shares of Starwood Property Trust in a research report on Friday, September 21st. They issued an “overweight” rating and a $23.00 price target on the stock.
Several institutional investors have recently bought and sold shares of STWD. Acadian Asset Management LLC lifted its position in shares of Starwood Property Trust by 82.9% during the 3rd quarter. Acadian Asset Management LLC now owns 5,363,069 shares of the real estate investment trust’s stock worth $115,414,000 after buying an additional 2,431,609 shares in the last quarter. Renaissance Technologies LLC lifted its position in shares of Starwood Property Trust by 121.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,313,484 shares of the real estate investment trust’s stock worth $50,226,000 after buying an additional 1,267,400 shares in the last quarter. CWM LLC lifted its position in shares of Starwood Property Trust by 351,848.9% during the 3rd quarter. CWM LLC now owns 950,262 shares of the real estate investment trust’s stock worth $20,450,000 after buying an additional 949,992 shares in the last quarter. Standard Life Aberdeen plc bought a new position in shares of Starwood Property Trust during the 2nd quarter worth approximately $16,524,000. Finally, First Republic Investment Management Inc. bought a new position in shares of Starwood Property Trust during the 2nd quarter worth approximately $6,971,000. 66.63% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NYSE STWD opened at $22.01 on Wednesday. Starwood Property Trust has a fifty-two week low of $19.47 and a fifty-two week high of $23.04. The stock has a market capitalization of $5.82 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.82.
Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Friday, November 9th. The real estate investment trust reported $0.53 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.53. Starwood Property Trust had a net margin of 39.03% and a return on equity of 13.19%. The business had revenue of $285.70 million for the quarter, compared to analysts’ expectations of $277.19 million. During the same quarter last year, the firm earned $0.65 EPS. The firm’s revenue for the quarter was up 26.0% compared to the same quarter last year. As a group, sell-side analysts expect that Starwood Property Trust will post 2.12 earnings per share for the current year.
About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
Featured Article: Yield Curve
Receive News & Ratings for Starwood Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starwood Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.