Starwood Property Trust (NYSE:STWD) Stock Price Target Lowered at Keefe, Bruyette & Woods

Starwood Property Trust (NYSE:STWD) had its price objective cut by Keefe, Bruyette & Woods from $16.00 to $15.00 in a report released on Wednesday, Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods‘s target price points to a potential upside of 19.68% from the company’s previous close.

A number of other research analysts have also recently commented on STWD. Citigroup reiterated a “market outperform” rating on shares of Starwood Property Trust in a research note on Monday, October 26th. Weiss Ratings lowered Starwood Property Trust from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Thursday, October 8th. JPMorgan Chase & Co. reduced their price objective on Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a research report on Tuesday, August 18th. Wells Fargo & Company set a $20.00 target price on Starwood Property Trust in a report on Monday, August 17th. Finally, Zacks Research upgraded Starwood Property Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 20th. One investment 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 assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.50.

Starwood Property Trust Price Performance

Shares of NYSE:STWD opened at $12.53 on Wednesday. Starwood Property Trust has a one year low of $11.84 and a one year high of $18.66. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $4.64 billion, a price-to-earnings ratio of 21.24, a PEG ratio of 1.75 and a beta of 1.03. The firm has a 50 day simple moving average of $13.97 and a 200 day simple moving average of $16.49.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. The firm had revenue of $201.42 million for the quarter, compared to analysts’ expectations of $521.67 million. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. The company’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.43 earnings per share. Research analysts predict that Starwood Property Trust will post 1.33 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Starwood Property Trust

Several large investors have recently modified their holdings of STWD. Ethic Inc. grew its stake in shares of Starwood Property Trust by 47.8% in the third quarter. Ethic Inc. now owns 72,671 shares of the real estate investment trust’s stock worth $981,000 after purchasing an additional 23,509 shares during the last quarter. StoneX Group Inc. acquired a new stake in Starwood Property Trust in the third quarter valued at $272,000. United Advisor Group LLC increased its holdings in Starwood Property Trust by 1.3% in the third quarter. United Advisor Group LLC now owns 179,305 shares of the real estate investment trust’s stock valued at $2,421,000 after purchasing an additional 2,331 shares during the period. International Assets Investment Management LLC raised its position in Starwood Property Trust by 35.7% during the 3rd quarter. International Assets Investment Management LLC now owns 80,341 shares of the real estate investment trust’s stock worth $1,059,000 after purchasing an additional 21,129 shares during the last quarter. Finally, Kestra Advisory Services LLC raised its position in Starwood Property Trust by 11.8% during the 3rd quarter. Kestra Advisory Services LLC now owns 284,544 shares of the real estate investment trust’s stock worth $3,841,000 after purchasing an additional 29,929 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.

About Starwood Property Trust

Starwood Property Trust, Inc is a real estate investment trust that focuses on commercial real estate finance and related investments. The company originates, acquires, and manages a range of real estate debt and equity investments, serving institutional borrowers, property owners, and developers.

Its portfolio and lending activities include senior mortgage loans, mezzanine debt, subordinated loans, preferred equity, commercial mortgage-backed securities, and other structured real estate investments.