JPMorgan Chase & Co. Cuts Starwood Property Trust (NYSE:STWD) Price Target to $19.00

Starwood Property Trust (NYSE:STWD) had its price objective decreased by investment analysts at JPMorgan Chase & Co. from $20.00 to $19.00 in a report issued on Wednesday,Benzinga reports. The brokerage 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 2.35% from the stock’s previous close.

Separately, Keefe, Bruyette & Woods decreased their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Monday, April 7th. Two analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.86.

Starwood Property Trust Price Performance

NYSE STWD opened at $18.56 on Wednesday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. Starwood Property Trust has a 1 year low of $16.59 and a 1 year high of $21.17. The stock has a market capitalization of $6.27 billion, a P/E ratio of 15.87 and a beta of 1.34. The business’s fifty day moving average is $19.49 and its two-hundred day moving average is $19.58.

Institutional Trading of Starwood Property Trust

A number of hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new position in Starwood Property Trust in the 4th quarter valued at approximately $63,044,000. Atria Wealth Solutions Inc. increased its stake in shares of Starwood Property Trust by 31.0% in the fourth quarter. Atria Wealth Solutions Inc. now owns 88,148 shares of the real estate investment trust’s stock worth $1,670,000 after acquiring an additional 20,840 shares during the last quarter. Proficio Capital Partners LLC purchased a new stake in shares of Starwood Property Trust during the fourth quarter worth $377,000. Golden State Equity Partners boosted its position in Starwood Property Trust by 346.0% during the fourth quarter. Golden State Equity Partners now owns 27,708 shares of the real estate investment trust’s stock valued at $525,000 after purchasing an additional 21,496 shares during the last quarter. Finally, Sei Investments Co. grew its stake in Starwood Property Trust by 154.7% in the fourth quarter. Sei Investments Co. now owns 183,851 shares of the real estate investment trust’s stock valued at $3,484,000 after purchasing an additional 111,654 shares in the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

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.