Starwood Property Trust (NYSE:STWD) PT Lowered to $23.00

Starwood Property Trust (NYSE:STWDFree Report) had its price target lowered by Raymond James from $23.50 to $23.00 in a research report report published on Thursday, Benzinga reports. The firm currently has a strong-buy rating on the real estate investment trust’s stock.

STWD has been the topic of several other reports. Wells Fargo & Company increased their target price on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an outperform rating in a report on Friday, February 23rd. JPMorgan Chase & Co. lowered their price target on shares of Starwood Property Trust from $21.00 to $20.00 and set an overweight rating on the stock in a report on Wednesday, April 10th. BTIG Research lowered their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a buy rating on the stock in a report on Wednesday, April 17th. Bank of America restated a neutral rating and issued a $21.50 price target (down from $22.50) on shares of Starwood Property Trust in a report on Monday, March 4th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Starwood Property Trust from $21.00 to $20.50 and set a market perform rating on the stock in a report on Wednesday, April 10th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of Moderate Buy and an average target price of $21.88.

Read Our Latest Stock Report on Starwood Property Trust

Starwood Property Trust Stock Up 0.6 %

Shares of Starwood Property Trust stock opened at $20.74 on Thursday. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.49 and a quick ratio of 2.49. Starwood Property Trust has a 1 year low of $16.65 and a 1 year high of $22.29. The firm’s 50-day moving average is $19.85 and its two-hundred day moving average is $20.12. The stock has a market cap of $6.55 billion, a price-to-earnings ratio of 14.92 and a beta of 1.65.

Starwood Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Investors of record on Friday, March 29th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.26%. The ex-dividend date was Wednesday, March 27th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 138.13%.

Insider Buying and Selling

In related news, President Jeffrey F. Dimodica sold 100,000 shares of Starwood Property Trust stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $20.28, for a total value of $2,028,000.00. Following the completion of the sale, the president now directly owns 1,226,673 shares in the company, valued at approximately $24,876,928.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 5.40% of the stock is owned by company insiders.

Institutional Trading of Starwood Property Trust

A number of institutional investors have recently bought and sold shares of STWD. Price T Rowe Associates Inc. MD raised its position in Starwood Property Trust by 5.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 177,957 shares of the real estate investment trust’s stock worth $3,618,000 after buying an additional 9,208 shares during the last quarter. Truvestments Capital LLC raised its position in Starwood Property Trust by 11.4% during the 1st quarter. Truvestments Capital LLC now owns 138,326 shares of the real estate investment trust’s stock worth $2,812,000 after buying an additional 14,165 shares during the last quarter. Crewe Advisors LLC purchased a new position in Starwood Property Trust during the 1st quarter worth approximately $183,000. MQS Management LLC purchased a new position in Starwood Property Trust during the 1st quarter worth approximately $248,000. Finally, Lake Street Advisors Group LLC purchased a new position in Starwood Property Trust during the 1st quarter worth approximately $2,856,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Company Profile

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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.

Further Reading

Analyst Recommendations for Starwood Property Trust (NYSE:STWD)

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