Starwood Property Trust (NYSE:STWD) Price Target Lowered to $20.00 at JPMorgan Chase & Co.

Starwood Property Trust (NYSE:STWDGet Free Report) had its target price cut by investment analysts at JPMorgan Chase & Co. from $20.50 to $20.00 in a report released on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price points to a potential upside of 2.70% from the stock’s previous close.

Several other analysts also recently commented on STWD. BTIG Research restated a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a report on Friday, July 19th. Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. Wells Fargo & Company increased their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Finally, JMP Securities dropped their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a research report on Thursday. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Starwood Property Trust currently has an average rating of “Moderate Buy” and a consensus target price of $22.38.

Read Our Latest Stock Analysis on Starwood Property Trust

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $19.48 on Thursday. The company has a current ratio of 1.79, a quick ratio of 1.84 and a debt-to-equity ratio of 2.61. The firm has a fifty day simple moving average of $20.08 and a two-hundred day simple moving average of $19.78. Starwood Property Trust has a 12 month low of $18.43 and a 12 month high of $22.29. The firm has a market capitalization of $6.17 billion, a PE ratio of 16.65 and a beta of 1.70.

Starwood Property Trust (NYSE:STWDGet Free Report) last posted its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates 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 18.82% and a return on equity of 9.93%. The firm’s revenue was down 5.0% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 EPS. Analysts forecast that Starwood Property Trust will post 1.88 EPS for the current fiscal year.

Institutional Investors Weigh In On Starwood Property Trust

A number of hedge funds have recently modified their holdings of STWD. Van ECK Associates Corp boosted its position in Starwood Property Trust by 27.1% during the third quarter. Van ECK Associates Corp now owns 1,313,824 shares of the real estate investment trust’s stock worth $26,106,000 after purchasing an additional 279,793 shares during the period. Raymond James & Associates lifted its position in shares of Starwood Property Trust by 0.6% during the third quarter. Raymond James & Associates now owns 1,090,325 shares of the real estate investment trust’s stock worth $22,221,000 after acquiring an additional 6,616 shares in the last quarter. Valley Wealth Managers Inc. grew its position in shares of Starwood Property Trust by 30.3% in the third quarter. Valley Wealth Managers Inc. now owns 1,026,455 shares of the real estate investment trust’s stock valued at $20,919,000 after purchasing an additional 238,994 shares in the last quarter. Rhumbline Advisers raised its stake in shares of Starwood Property Trust by 0.4% during the 2nd quarter. Rhumbline Advisers now owns 865,410 shares of the real estate investment trust’s stock valued at $16,391,000 after purchasing an additional 3,259 shares during the period. Finally, Swiss National Bank lifted its holdings in Starwood Property Trust by 0.3% during the 1st quarter. Swiss National Bank now owns 618,365 shares of the real estate investment trust’s stock worth $12,571,000 after purchasing an additional 2,000 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Company Profile

(Get Free Report)

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.

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Analyst Recommendations for Starwood Property Trust (NYSE:STWD)

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