Keefe, Bruyette & Woods Lowers Starwood Property Trust (NYSE:STWD) Price Target to $22.00

Starwood Property Trust (NYSE:STWD) had its target price decreased by investment analysts at Keefe, Bruyette & Woods from $22.50 to $22.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price target points to a potential upside of 15.06% from the company’s current price.

STWD has been the subject of a number of other research reports. UBS Group raised their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. JMP Securities decreased their target price on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. dropped their price target on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. Finally, Wells Fargo & Company raised their price objective on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Starwood Property Trust presently has an average rating of “Moderate Buy” and an average price target of $22.19.

Starwood Property Trust Stock Performance

Shares of NYSE STWD opened at $19.12 on Tuesday. The stock’s fifty day simple moving average is $19.59 and its 200 day simple moving average is $19.82. The stock has a market capitalization of $6.45 billion, a price-to-earnings ratio of 16.34 and a beta of 1.69. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust has a 52-week low of $18.12 and a 52-week high of $21.19.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The firm had revenue of $479.50 million for the quarter, compared to analysts’ expectations of $488.63 million. During the same quarter last year, the business posted $0.46 EPS. Starwood Property Trust’s revenue was down 8.1% on a year-over-year basis. As a group, sell-side analysts forecast that Starwood Property Trust will post 1.88 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of STWD. Artemis Investment Management LLP acquired a new position in Starwood Property Trust during the third quarter worth $9,580,000. International Assets Investment Management LLC boosted its stake in shares of Starwood Property Trust by 2,414.3% during the 3rd quarter. International Assets Investment Management LLC now owns 476,586 shares of the real estate investment trust’s stock worth $9,713,000 after acquiring an additional 457,631 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Starwood Property Trust by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust’s stock valued at $108,960,000 after acquiring an additional 399,672 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Starwood Property Trust by 78.0% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 891,734 shares of the real estate investment trust’s stock valued at $18,174,000 after acquiring an additional 390,787 shares in the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new stake in Starwood Property Trust in the 2nd quarter worth approximately $5,455,000. Institutional investors and hedge funds 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.