Brokerages Set Starwood Property Trust, Inc. (NYSE:STWD) Price Target at $22.36

Starwood Property Trust, Inc. (NYSE:STWD) has received a consensus recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $22.36.

STWD has been the topic of several recent analyst reports. Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and increased their target price for the company from $20.50 to $22.50 in a report on Thursday, September 5th. Wolfe Research began coverage on Starwood Property Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating for the company. JPMorgan Chase & Co. lifted their price objective on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Wells Fargo & Company raised their price target on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Finally, BTIG Research reiterated a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a research report on Friday, July 19th.

Starwood Property Trust Stock Down 0.1 %

STWD opened at $19.74 on Friday. The business has a 50 day simple moving average of $20.09 and a 200-day simple moving average of $19.74. Starwood Property Trust has a 12 month low of $17.07 and a 12 month high of $22.29. The stock has a market capitalization of $6.25 billion, a P/E ratio of 18.11 and a beta of 1.70. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.84 and a quick ratio of 1.84.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 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 analyst estimates of $505.23 million. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The business’s revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm earned $0.47 EPS. On average, equities analysts anticipate that Starwood Property Trust will post 1.89 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders 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 9.73%. Starwood Property Trust’s dividend payout ratio is currently 176.15%.

Hedge Funds Weigh In On Starwood Property Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Sunbelt Securities Inc. grew its stake in Starwood Property Trust by 0.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 57,077 shares of the real estate investment trust’s stock worth $1,081,000 after acquiring an additional 517 shares during the period. Fortem Financial Group LLC grew its position in shares of Starwood Property Trust by 2.0% in the second quarter. Fortem Financial Group LLC now owns 26,278 shares of the real estate investment trust’s stock valued at $498,000 after purchasing an additional 519 shares during the period. Fifth Third Bancorp increased its stake in Starwood Property Trust by 26.0% in the second quarter. Fifth Third Bancorp now owns 2,572 shares of the real estate investment trust’s stock valued at $49,000 after purchasing an additional 531 shares during the last quarter. Retirement Group LLC lifted its position in Starwood Property Trust by 33.5% during the first quarter. Retirement Group LLC now owns 2,516 shares of the real estate investment trust’s stock worth $51,000 after buying an additional 631 shares during the period. Finally, First Foundation Advisors boosted its stake in Starwood Property Trust by 9.4% in the 1st quarter. First Foundation Advisors now owns 8,307 shares of the real estate investment trust’s stock worth $169,000 after buying an additional 717 shares during the last quarter. 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.