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

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

Other equities analysts have also issued reports about the company. Keefe, Bruyette & Woods reduced their target price on Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. JMP Securities decreased their target price on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research report on Thursday, November 7th. Finally, UBS Group increased their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. Three equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $22.13.

Starwood Property Trust Trading Up 0.2 %

NYSE STWD opened at $19.06 on Tuesday. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. The business has a fifty day simple moving average of $19.55 and a 200 day simple moving average of $19.82. Starwood Property Trust has a 12 month low of $18.12 and a 12 month high of $21.19. The firm has a market capitalization of $6.42 billion, a P/E ratio of 16.29 and a beta of 1.69.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The company 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 for the quarter was down 8.1% on a year-over-year basis. On average, analysts predict that Starwood Property Trust will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The business also recently declared 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 payout ratio is 164.10%.

Institutional Investors Weigh In On Starwood Property Trust

Several institutional investors have recently added to or reduced their stakes in STWD. Albion Financial Group UT bought a new position in shares of Starwood Property Trust during the fourth quarter valued at approximately $28,000. Brooklyn Investment Group lifted its position in shares of Starwood Property Trust by 86.1% in the 4th quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 730 shares during the period. UMB Bank n.a. lifted its position in shares of Starwood Property Trust by 69.7% in the 4th quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock worth $33,000 after purchasing an additional 717 shares during the period. Future Financial Wealth Managment LLC bought a new stake in shares of Starwood Property Trust during the 3rd quarter valued at about $34,000. Finally, Quarry LP purchased a new position in shares of Starwood Property Trust during the second quarter valued at about $36,000. Hedge funds and other 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.