Starwood Property Trust (NYSE:STWD) Price Target Increased to $20.50 by Analysts at Keefe, Bruyette & Woods

Starwood Property Trust (NYSE:STWD) had its price objective boosted by Keefe, Bruyette & Woods from $20.00 to $20.50 in a research report report published on Friday morning, Benzinga reports. Keefe, Bruyette & Woods currently has a market perform rating on the real estate investment trust’s stock.

A number of other research analysts also recently commented on the stock. Wolfe Research started coverage on shares of Starwood Property Trust in a research report on Tuesday, June 25th. They set a peer perform rating on the stock. Raymond James decreased their price objective on Starwood Property Trust from $23.50 to $23.00 and set a strong-buy rating for the company in a research note on Thursday, May 16th. JPMorgan Chase & Co. lifted their target price on Starwood Property Trust from $20.00 to $20.50 and gave the company an overweight rating in a research note on Tuesday, July 16th. Finally, BTIG Research reissued a buy rating and set a $24.00 price target on shares of Starwood Property Trust in a research report on Friday, July 19th. Five analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of Moderate Buy and a consensus target price of $21.79.

Starwood Property Trust Trading Down 0.2 %

STWD traded down $0.03 on Friday, reaching $19.53. 1,214,617 shares of the company traded hands, compared to its average volume of 2,211,095. The company has a market cap of $6.17 billion, a P/E ratio of 14.05 and a beta of 1.69. The company has a quick ratio of 2.49, a current ratio of 1.84 and a debt-to-equity ratio of 2.80. Starwood Property Trust has a one year low of $17.07 and a one year high of $22.29. The firm has a fifty day simple moving average of $19.44 and a two-hundred day simple moving average of $19.70.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. The company had revenue of $489.80 million for the quarter, compared to analysts’ expectations of $505.23 million. Starwood Property Trust had a return on equity of 10.03% and a net margin of 17.05%. Starwood Property Trust’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 earnings per share. As a group, equities research analysts expect that Starwood Property Trust will post 1.91 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 9.83%. Starwood Property Trust’s payout ratio is currently 138.13%.

Hedge Funds Weigh In On Starwood Property Trust

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STWD. GAMMA Investing LLC acquired a new position in Starwood Property Trust in the 4th quarter worth approximately $26,000. Allspring Global Investments Holdings LLC acquired a new stake in Starwood Property Trust during the 1st quarter worth about $26,000. ICA Group Wealth Management LLC purchased a new position in shares of Starwood Property Trust during the 4th quarter valued at about $28,000. Cape Investment Advisory Inc. acquired a new position in shares of Starwood Property Trust in the 4th quarter valued at about $32,000. Finally, Core Wealth Advisors Inc. purchased a new stake in shares of Starwood Property Trust in the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

About Starwood Property Trust

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.