Starwood Property Trust, Inc. (NYSE:STWD) Receives $19.20 Average Price Target from Analysts

Shares of Starwood Property Trust, Inc. (NYSE:STWD) have been given an average rating of “Moderate Buy” by the seven ratings firms that are presently covering the company, Marketbeat reports. Three research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $19.20.

A number of brokerages have recently commented on STWD. Zacks Research upgraded Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Wells Fargo & Company set a $20.00 price target on Starwood Property Trust in a research report on Monday, August 17th. Keefe, Bruyette & Woods cut their price objective on shares of Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating on the stock in a research report on Friday, August 7th. UBS Group initiated coverage on shares of Starwood Property Trust in a research note on Tuesday, June 2nd. They issued a “buy” rating and a $20.00 target price on the stock. Finally, Wall Street Zen lowered shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 8th.

Starwood Property Trust Stock Down 2.5%

Shares of NYSE STWD opened at $14.72 on Thursday. The firm’s 50-day moving average price is $16.05 and its 200-day moving average price is $16.86. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 3.47. The stock has a market capitalization of $5.45 billion, a price-to-earnings ratio of 24.95, a P/E/G ratio of 1.99 and a beta of 0.98. Starwood Property Trust has a 12-month low of $14.67 and a 12-month high of $20.14.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.The company had revenue of $201.42 million during the quarter, compared to analyst estimates of $521.67 million. During the same quarter last year, the business posted $0.43 earnings per share. The firm’s revenue was up 15.6% on a year-over-year basis. On average, equities research analysts anticipate that Starwood Property Trust will post 1.4 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 13.0%. The ex-dividend date of this dividend is Wednesday, September 30th. Starwood Property Trust’s dividend payout ratio is 325.42%.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. Quantum Portfolio Management LLC lifted its stake in shares of Starwood Property Trust by 882,760.9% during the 1st quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust’s stock worth $1,931,676,000 after acquiring an additional 112,163,596 shares during the last quarter. BlackRock Inc. bought a new position in Starwood Property Trust in the 2nd quarter valued at $589,366,000. Geode Capital Management LLC increased its stake in Starwood Property Trust by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust’s stock worth $115,453,000 after purchasing an additional 148,740 shares during the period. Norges Bank bought a new stake in shares of Starwood Property Trust during the fourth quarter worth $75,177,000. Finally, Advisors Capital Management LLC bought a new stake in shares of Starwood Property Trust during the second quarter worth $70,121,000. Institutional investors own 49.82% of the company’s stock.

About Starwood Property Trust

Starwood Property Trust, Inc is a real estate investment trust focused primarily on commercial real estate finance. The company originates, acquires, finances and manages a range of commercial real estate debt investments, including first mortgage loans, mezzanine loans, subordinated debt and securities backed by commercial properties.

Its activities also include infrastructure lending, residential lending and the ownership or management of commercial real estate investments. Through these businesses, Starwood Property Trust provides financing to property owners, developers and investors across sectors such as office, multifamily, industrial, hospitality and other commercial real estate categories.

Founded in 2009, the company operates primarily in the United States and also pursues investment opportunities in international markets, including Europe.