Brokerages Set Starwood Property Trust, Inc. (NYSE:STWD) PT at $21.70

Starwood Property Trust, Inc. (NYSE:STWD) has earned a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $21.70.

A number of equities analysts have recently weighed in on STWD shares. JPMorgan Chase & Co. increased their price target on Starwood Property Trust from $19.00 to $19.50 and gave the stock an “overweight” rating in a report on Monday, May 12th. UBS Group increased their price target on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Keefe, Bruyette & Woods increased their price target on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Finally, Wall Street Zen upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 9th.

Starwood Property Trust Stock Performance

Starwood Property Trust stock opened at $20.58 on Wednesday. The firm has a 50 day simple moving average of $20.12 and a 200-day simple moving average of $19.77. Starwood Property Trust has a 1-year low of $16.59 and a 1-year high of $21.17. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market cap of $7.56 billion, a price-to-earnings ratio of 18.88 and a beta of 1.28.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The business had revenue of $444.28 million during the quarter, compared to analysts’ expectations of $477.00 million. During the same quarter in the prior year, the company posted $0.48 EPS. The business’s revenue for the quarter was down 9.3% on a year-over-year basis. On average, analysts expect that Starwood Property Trust will post 1.88 EPS for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.3%. Starwood Property Trust’s dividend payout ratio is currently 176.15%.

Hedge Funds Weigh In On Starwood Property Trust

Several hedge funds have recently bought and sold shares of the company. World Investment Advisors lifted its stake in Starwood Property Trust by 4.8% during the 1st quarter. World Investment Advisors now owns 11,646 shares of the real estate investment trust’s stock worth $230,000 after acquiring an additional 530 shares in the last quarter. Cetera Trust Company N.A lifted its holdings in Starwood Property Trust by 5.2% during the 2nd quarter. Cetera Trust Company N.A now owns 10,730 shares of the real estate investment trust’s stock worth $215,000 after buying an additional 530 shares in the last quarter. Carnegie Investment Counsel lifted its holdings in Starwood Property Trust by 2.7% during the 1st quarter. Carnegie Investment Counsel now owns 21,225 shares of the real estate investment trust’s stock worth $420,000 after buying an additional 550 shares in the last quarter. Kestra Investment Management LLC lifted its holdings in Starwood Property Trust by 0.4% during the 1st quarter. Kestra Investment Management LLC now owns 141,171 shares of the real estate investment trust’s stock worth $2,791,000 after buying an additional 550 shares in the last quarter. Finally, IFP Advisors Inc lifted its holdings in Starwood Property Trust by 14.3% during the 2nd quarter. IFP Advisors Inc now owns 4,664 shares of the real estate investment trust’s stock worth $94,000 after buying an additional 583 shares in the last quarter. Institutional investors and hedge funds 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.