Brokerages Set Starwood Property Trust, Inc. (NYSE:STWD) Target Price at $19.20

Starwood Property Trust, Inc. (NYSE:STWD) has been assigned an average recommendation of “Moderate Buy” from the seven analysts that are presently covering the company, MarketBeat reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year price objective among analysts that have covered the stock in the last year is $19.20.

A number of analysts have recently issued reports on STWD shares. Weiss Ratings reissued a “hold (c-)” rating on shares of Starwood Property Trust in a research note on Friday, August 7th. Wall Street Zen lowered shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Wells Fargo & Company set a $20.00 price objective on Starwood Property Trust in a research note on Monday, August 17th. JPMorgan Chase & Co. cut their price target on shares of Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a report on Tuesday, August 18th. Finally, Zacks Research upgraded shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th.

Hedge Funds Weigh In On Starwood Property Trust

A number of hedge funds have recently bought and sold shares of the business. CENTRAL TRUST Co increased its position in shares of Starwood Property Trust by 154.4% during the fourth quarter. CENTRAL TRUST Co now owns 1,496 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 908 shares in the last quarter. Los Angeles Capital Management LLC acquired a new stake in shares of Starwood Property Trust during the 4th quarter worth about $28,000. Versant Capital Management Inc raised its position in Starwood Property Trust by 293.2% in the second quarter. Versant Capital Management Inc now owns 1,954 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,457 shares during the period. Orion Capital Management LLC purchased a new position in Starwood Property Trust in the 2nd quarter valued at approximately $33,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Starwood Property Trust by 169.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,266 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 2,053 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

NYSE:STWD opened at $15.81 on Friday. The business has a 50 day moving average price of $16.45 and a 200-day moving average price of $17.19. Starwood Property Trust has a fifty-two week low of $15.51 and a fifty-two week high of $20.84. The firm has a market cap of $5.85 billion, a PE ratio of 26.80, a price-to-earnings-growth ratio of 2.08 and a beta of 0.98. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.46 and a current ratio of 1.46.

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

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 12.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Starwood Property Trust’s dividend payout ratio is presently 325.42%.

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.