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

Starwood Property Trust (NYSE:STWD) had its target price cut by equities researchers at JPMorgan Chase & Co. from $19.00 to $18.50 in a research note issued on Tuesday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 14.37% from the stock’s current price.

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

Starwood Property Trust Stock Performance

NYSE:STWD traded down $0.07 during trading hours on Tuesday, hitting $16.18. 686,589 shares of the company traded hands, compared to its average volume of 3,542,089. The stock has a market capitalization of $5.99 billion, a price-to-earnings ratio of 27.43, a P/E/G ratio of 2.20 and a beta of 0.98. Starwood Property Trust has a twelve month low of $15.51 and a twelve month high of $20.84. The firm has a 50-day moving average of $16.58 and a 200 day moving average of $17.30. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 3.47.

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

Hedge Funds Weigh In On Starwood Property Trust

Several hedge funds and other institutional investors have recently modified their holdings of STWD. Empowered Funds LLC acquired a new stake in shares of Starwood Property Trust in the 2nd quarter valued at $265,000. Bank OZK acquired a new stake in shares of Starwood Property Trust during the 2nd quarter worth about $382,000. Equitable Holdings Inc. acquired a new stake in shares of Starwood Property Trust during the 2nd quarter worth about $513,000. Centaurus Financial Inc. bought a new position in Starwood Property Trust during the 2nd quarter valued at about $4,660,000. Finally, Public Employees Retirement System of Ohio bought a new position in Starwood Property Trust during the 2nd quarter valued at about $1,774,000. Institutional investors own 49.82% of the company’s stock.

About Starwood Property Trust

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.