JPMorgan Chase & Co. Has Lowered Expectations for Starwood Property Trust (NYSE:STWD) Stock Price

Starwood Property Trust (NYSE:STWD) had its price objective reduced by analysts at JPMorgan Chase & Co. from $16.00 to $15.50 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 30.10% from the stock’s current price.

STWD has been the topic of several other research reports. Weiss Ratings lowered shares of Starwood Property Trust from a “sell (d+)” rating to a “sell (d)” rating in a research note on Monday. Wells Fargo & Company set a $20.00 price objective on Starwood Property Trust in a research report on Monday, August 17th. Citigroup reissued a “market outperform” rating on shares of Starwood Property Trust in a research note on Monday, October 26th. Zacks Research upgraded shares of Starwood Property Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. Finally, Keefe, Bruyette & Woods lowered their target price on shares of Starwood Property Trust from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Wednesday, November 4th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Starwood Property Trust currently has an average rating of “Moderate Buy” and a consensus price target of $17.90.

Starwood Property Trust Price Performance

Shares of NYSE STWD traded up $0.02 during mid-day trading on Wednesday, hitting $11.91. 2,713,469 shares of the stock were exchanged, compared to its average volume of 4,081,589. The stock’s fifty day simple moving average is $13.62 and its two-hundred day simple moving average is $16.34. The company has a debt-to-equity ratio of 3.95, a quick ratio of 1.46 and a current ratio of 1.48. Starwood Property Trust has a twelve month low of $11.61 and a twelve month high of $18.66. The company has a market cap of $4.34 billion, a P/E ratio of -17.51, a PEG ratio of 1.67 and a beta of 1.03.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Friday, November 6th. The real estate investment trust reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. Starwood Property Trust had a positive return on equity of 7.77% and a negative net margin of 11.35%. The company had revenue of $545.85 million for the quarter, compared to analyst estimates of $531.80 million. During the same quarter in the previous year, the firm earned $0.40 earnings per share. The business’s revenue was down 22.8% on a year-over-year basis. As a group, analysts forecast that Starwood Property Trust will post 1.33 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Versant Capital Management Inc lifted its stake in Starwood Property Trust by 293.2% during the second quarter. Versant Capital Management Inc now owns 1,954 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,457 shares during the last quarter. Orion Capital Management LLC bought a new position in shares of Starwood Property Trust during the second quarter worth about $33,000. Bullseye Investment Management LLC acquired a new stake in shares of Starwood Property Trust during the second quarter worth $34,000. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Starwood Property Trust in the 2nd quarter valued at about $63,000. Finally, Integrated Wealth Concepts LLC bought a new position in shares of Starwood Property Trust during the 2nd quarter worth approximately $68,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

About Starwood Property Trust

Starwood Property Trust, Inc. is a real estate investment trust focused on commercial real estate finance and related investments. The company originates, acquires and manages commercial mortgage loans and other debt investments secured by commercial properties, and also invests in commercial real estate and infrastructure-related lending. Founded in 2009, Starwood Property Trust operates primarily in the United States and also conducts business in international markets, including Europe and Australia.