JPMorgan Chase & Co. Cuts Starwood Property Trust (NYSE:STWD) Price Target to $19.50

Starwood Property Trust (NYSE:STWD) had its price target decreased by JPMorgan Chase & Co. from $20.00 to $19.50 in a research report report published on Tuesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the real estate investment trust’s stock.

A number of other brokerages have also commented on STWD. Keefe, Bruyette & Woods dropped their price objective on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. UBS Group boosted their target price on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, JMP Securities reduced their price target on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research note on Thursday, November 7th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $22.13.

Starwood Property Trust Price Performance

Shares of STWD stock opened at $19.06 on Tuesday. The firm’s 50 day moving average price is $19.55 and its two-hundred day moving average price is $19.82. The stock has a market cap of $6.42 billion, a PE ratio of 16.29 and a beta of 1.69. Starwood Property Trust has a 52-week low of $18.12 and a 52-week high of $21.19. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating 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 business had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. During the same quarter in the prior year, the company posted $0.46 earnings per share. The firm’s revenue was down 8.1% on a year-over-year basis. As a group, analysts forecast that Starwood Property Trust will post 1.88 EPS for the current year.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.48 per share. The ex-dividend date was Tuesday, December 31st. This represents a $1.92 annualized dividend and a yield of 10.08%. Starwood Property Trust’s dividend payout ratio is presently 164.10%.

Institutional Trading of Starwood Property Trust

Several institutional investors have recently modified their holdings of the business. GFS Advisors LLC raised its holdings in Starwood Property Trust by 81.4% during the 4th quarter. GFS Advisors LLC now owns 97,905 shares of the real estate investment trust’s stock worth $1,855,000 after purchasing an additional 43,925 shares during the last quarter. Highland Capital Management LLC grew its stake in Starwood Property Trust by 19.8% during the fourth quarter. Highland Capital Management LLC now owns 45,450 shares of the real estate investment trust’s stock worth $861,000 after purchasing an additional 7,500 shares during the period. KBC Group NV lifted its stake in Starwood Property Trust by 4.8% in the fourth quarter. KBC Group NV now owns 103,282 shares of the real estate investment trust’s stock valued at $1,957,000 after buying an additional 4,730 shares during the period. Kingswood Wealth Advisors LLC acquired a new position in shares of Starwood Property Trust during the 4th quarter valued at $267,000. Finally, Register Financial Advisors LLC grew its holdings in Starwood Property Trust by 1.4% in the fourth quarter. Register Financial Advisors LLC now owns 44,329 shares of the real estate investment trust’s stock worth $840,000 after purchasing an additional 604 shares during the period. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Company Profile

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.