Starwood Property Trust, Inc. (NYSE:STWD) Receives $21.88 Consensus PT from Brokerages

Shares of Starwood Property Trust, Inc. (NYSE:STWD) have been given an average recommendation of “Moderate Buy” by the nine analysts that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, four have given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $21.88.

A number of equities research analysts recently weighed in on STWD shares. JPMorgan Chase & Co. lowered their price target on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. Raymond James lowered their target price on Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a report on Thursday, May 16th. Bank of America reaffirmed a “neutral” rating and set a $21.50 price target (down previously from $22.50) on shares of Starwood Property Trust in a research note on Monday, March 4th. Wolfe Research started coverage on shares of Starwood Property Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating on the stock. Finally, Keefe, Bruyette & Woods cut their target price on shares of Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a research report on Wednesday, April 10th.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. BNP Paribas Financial Markets boosted its position in shares of Starwood Property Trust by 615.8% in the fourth quarter. BNP Paribas Financial Markets now owns 149,339 shares of the real estate investment trust’s stock worth $3,139,000 after acquiring an additional 128,477 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of Starwood Property Trust by 77.1% during the 4th quarter. Brown Advisory Inc. now owns 105,596 shares of the real estate investment trust’s stock valued at $2,220,000 after buying an additional 45,983 shares during the period. Teachers Retirement System of The State of Kentucky increased its holdings in shares of Starwood Property Trust by 97.5% during the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 104,320 shares of the real estate investment trust’s stock worth $2,018,000 after buying an additional 51,504 shares during the last quarter. Victory Capital Management Inc. raised its position in shares of Starwood Property Trust by 233.4% in the 4th quarter. Victory Capital Management Inc. now owns 180,403 shares of the real estate investment trust’s stock worth $3,792,000 after buying an additional 126,298 shares during the period. Finally, Cibc World Markets Corp acquired a new position in Starwood Property Trust in the fourth quarter valued at $2,091,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Trading Down 1.0 %

Shares of STWD opened at $18.75 on Thursday. Starwood Property Trust has a twelve month low of $17.07 and a twelve month high of $22.29. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.80. The firm has a market capitalization of $5.92 billion, a P/E ratio of 13.49 and a beta of 1.69. The firm’s 50-day moving average is $19.47 and its two-hundred day moving average is $20.00.

Starwood Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.24%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 138.13%.

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.