Brokerages Set Starwood Property Trust, Inc. (NYSE:STWD) Target Price at $19.70

Starwood Property Trust, Inc. (NYSE:STWD) has been given a consensus rating of “Moderate Buy” by the seven ratings firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $19.70.

A number of analysts have recently commented on STWD shares. Wall Street Zen downgraded Starwood Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, July 4th. Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Keefe, Bruyette & Woods dropped their target price on shares of Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. JPMorgan Chase & Co. cut their target price on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Finally, Weiss Ratings downgraded shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th.

Starwood Property Trust Trading Down 1.0%

NYSE STWD opened at $16.45 on Friday. The company has a market capitalization of $6.10 billion, a PE ratio of 17.14, a P/E/G ratio of 2.19 and a beta of 0.98. The company has a fifty day moving average of $17.09 and a 200 day moving average of $17.67. Starwood Property Trust has a 1 year low of $16.29 and a 1 year high of $21.05. The company has a debt-to-equity ratio of 3.31, a current ratio of 1.57 and a quick ratio of 1.57.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The company had revenue of $205.55 million for the quarter, compared to analyst estimates of $496.25 million. Starwood Property Trust had a return on equity of 7.91% and a net margin of 18.11%.Starwood Property Trust’s revenue for the quarter was up 22.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 earnings per share. Research analysts forecast that Starwood Property Trust will post 1.55 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 11.7%. The ex-dividend date is Tuesday, June 30th. Starwood Property Trust’s payout ratio is 200.00%.

Hedge Funds Weigh In On Starwood Property Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the company. AQR Capital Management LLC raised its holdings in Starwood Property Trust by 70.1% in the 1st quarter. AQR Capital Management LLC now owns 36,396 shares of the real estate investment trust’s stock valued at $720,000 after acquiring an additional 15,001 shares during the last quarter. NewEdge Advisors LLC grew its holdings in Starwood Property Trust by 23.9% in the 1st quarter. NewEdge Advisors LLC now owns 19,606 shares of the real estate investment trust’s stock valued at $388,000 after buying an additional 3,784 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Starwood Property Trust by 99.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,450 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 3,721 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of Starwood Property Trust by 42.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,535 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 1,657 shares during the last quarter. Finally, Baird Financial Group Inc. increased its stake in shares of Starwood Property Trust by 3.3% in the 2nd quarter. Baird Financial Group Inc. now owns 113,306 shares of the real estate investment trust’s stock worth $2,274,000 after acquiring an additional 3,577 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

About Starwood Property Trust

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.