Starwood Property Trust (NYSE:STWD) Price Target Raised to $20.50

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

A number of other analysts have also issued reports on STWD. Raymond James dropped their price target on shares of 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 price target on Starwood Property Trust from $20.00 to $20.50 and gave the stock an overweight rating in a research note on Tuesday, July 16th. BTIG Research reaffirmed a buy rating and set a $24.00 target price on shares of Starwood Property Trust in a report on Friday, July 19th. Finally, Wolfe Research started coverage on Starwood Property Trust in a research report on Tuesday, June 25th. They set a peer perform rating on the stock. Five investment analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Starwood Property Trust currently has an average rating of Moderate Buy and an average price target of $21.79.

Starwood Property Trust Stock Down 0.2 %

Shares of STWD stock traded down $0.03 on Friday, hitting $19.53. The stock had a trading volume of 1,214,617 shares, compared to its average volume of 2,211,095. The stock’s 50 day moving average is $19.44 and its 200-day moving average is $19.70. The firm has a market capitalization of $6.17 billion, a price-to-earnings ratio of 14.05 and a beta of 1.69. Starwood Property Trust has a 52-week low of $17.07 and a 52-week high of $22.29. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.49 and a current ratio of 1.84.

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

Starwood Property Trust Announces Dividend

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

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new stake in Starwood Property Trust in the fourth quarter worth about $26,000. Allspring Global Investments Holdings LLC bought a new position in shares of Starwood Property Trust in the first quarter valued at approximately $26,000. ICA Group Wealth Management LLC acquired a new position in shares of Starwood Property Trust during the fourth quarter valued at approximately $28,000. Cape Investment Advisory Inc. bought a new stake in Starwood Property Trust during the fourth quarter worth approximately $32,000. Finally, Core Wealth Advisors Inc. bought a new position in Starwood Property Trust during the 4th quarter valued at $32,000. 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.