Keefe, Bruyette & Woods Lowers Starwood Property Trust (NYSE:STWD) Price Target to $21.00

Starwood Property Trust (NYSE:STWD) had its price objective lowered by Keefe, Bruyette & Woods from $22.00 to $21.00 in a report issued on Monday morning,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Separately, JPMorgan Chase & Co. decreased their price target on shares of Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a research note on Tuesday, January 21st. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Starwood Property Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.07.

Starwood Property Trust Trading Down 3.5 %

NYSE STWD opened at $17.58 on Monday. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust has a 52 week low of $17.21 and a 52 week high of $21.17. The business has a 50 day moving average price of $19.77 and a 200-day moving average price of $19.74. The company has a market cap of $5.94 billion, a price-to-earnings ratio of 15.03 and a beta of 1.34.

Starwood Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 10.92%. The ex-dividend date is Monday, March 31st. Starwood Property Trust’s dividend payout ratio is 174.55%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STWD. Albion Financial Group UT purchased a new stake in Starwood Property Trust in the 4th quarter valued at about $28,000. Brooklyn Investment Group grew its holdings in shares of Starwood Property Trust by 86.1% in the fourth quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 730 shares in the last quarter. Quarry LP purchased a new stake in shares of Starwood Property Trust during the fourth quarter valued at approximately $31,000. UMB Bank n.a. lifted its holdings in Starwood Property Trust by 69.7% during the fourth quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock worth $33,000 after acquiring an additional 717 shares during the period. Finally, Smartleaf Asset Management LLC boosted its position in Starwood Property Trust by 83.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust’s stock worth $36,000 after purchasing an additional 854 shares during the last quarter. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

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.