Starwood Property Trust, Inc. (NYSE:STWD) Receives $22.25 Average PT from Analysts

Shares of Starwood Property Trust, Inc. (NYSE:STWD) have been assigned an average recommendation of “Moderate Buy” from the nine analysts that are covering the stock, Marketbeat Ratings reports. Three investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $22.25.

Several research analysts have commented on the company. JPMorgan Chase & Co. cut their target price on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. JMP Securities cut their price objective on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 7th. Wells Fargo & Company increased their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. UBS Group raised their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $20.50 to $22.50 in a research report on Thursday, September 5th.

Institutional Investors Weigh In On Starwood Property Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Geode Capital Management LLC grew its stake in Starwood Property Trust by 8.1% in the third quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust’s stock valued at $108,960,000 after acquiring an additional 399,672 shares during the period. Charles Schwab Investment Management Inc. lifted its holdings in shares of Starwood Property Trust by 5.8% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust’s stock worth $43,002,000 after purchasing an additional 116,182 shares in the last quarter. HighTower Advisors LLC grew its position in Starwood Property Trust by 9.6% in the 3rd quarter. HighTower Advisors LLC now owns 1,725,473 shares of the real estate investment trust’s stock valued at $35,170,000 after purchasing an additional 150,576 shares during the period. Van ECK Associates Corp increased its stake in Starwood Property Trust by 27.1% during the 3rd quarter. Van ECK Associates Corp now owns 1,313,824 shares of the real estate investment trust’s stock valued at $26,106,000 after purchasing an additional 279,793 shares in the last quarter. Finally, Raymond James & Associates raised its holdings in Starwood Property Trust by 0.6% during the third quarter. Raymond James & Associates now owns 1,090,325 shares of the real estate investment trust’s stock worth $22,221,000 after buying an additional 6,616 shares during the last quarter. 49.82% of the stock is owned by institutional investors.

Starwood Property Trust Stock Down 0.3 %

NYSE:STWD opened at $20.19 on Friday. Starwood Property Trust has a one year low of $18.43 and a one year high of $22.29. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $6.81 billion, a PE ratio of 17.24 and a beta of 1.70. The firm’s 50 day simple moving average is $20.00 and its 200 day simple moving average is $19.79.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $488.63 million. During the same quarter in the previous year, the business earned $0.46 earnings per share. Starwood Property Trust’s revenue was down 8.1% compared to the same quarter last year. On average, research analysts anticipate that Starwood Property Trust will post 1.89 earnings per share for the current year.

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.