Starwood Property Trust (NYSE:STWD) Reaches New 52-Week Low – Here’s What Happened

Shares of Starwood Property Trust, Inc. (NYSE:STWD) reached a new 52-week low on Monday. The company traded as low as $12.90 and last traded at $13.0290, with a volume of 10246125 shares trading hands. The stock had previously closed at $13.05.

Analyst Ratings Changes

A number of brokerages have issued reports on STWD. Wells Fargo & Company set a $20.00 price objective on Starwood Property Trust in a research note on Monday, August 17th. Zacks Research upgraded Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Starwood Property Trust in a research report on Friday, August 7th. JPMorgan Chase & Co. lowered their price target on Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating for the company in a research report on Tuesday, August 18th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $19.20.

Starwood Property Trust Trading Down 0.4%

The company has a debt-to-equity ratio of 3.47, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $4.79 billion, a P/E ratio of 21.92, a P/E/G ratio of 1.71 and a beta of 1.01. The stock’s 50-day moving average is $15.52 and its two-hundred day moving average is $16.61.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. The business had revenue of $201.42 million during the quarter, compared to analyst estimates of $521.67 million. During the same period in the previous year, the business earned $0.43 EPS. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. As a group, equities research analysts predict that Starwood Property Trust, Inc. will post 1.4 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 14.8%. Starwood Property Trust’s dividend payout ratio is presently 325.42%.

Institutional Trading of Starwood Property Trust

Several large investors have recently added to or reduced their stakes in the business. Peak Financial Advisors LLC increased its position in shares of Starwood Property Trust by 2.2% during the first quarter. Peak Financial Advisors LLC now owns 25,664 shares of the real estate investment trust’s stock worth $442,000 after purchasing an additional 559 shares in the last quarter. NewEdge Wealth LLC boosted its position in shares of Starwood Property Trust by 1.6% in the 1st quarter. NewEdge Wealth LLC now owns 46,769 shares of the real estate investment trust’s stock worth $805,000 after purchasing an additional 732 shares in the last quarter. GoalVest Advisory LLC grew its stake in Starwood Property Trust by 1.7% during the 2nd quarter. GoalVest Advisory LLC now owns 54,818 shares of the real estate investment trust’s stock worth $898,000 after buying an additional 934 shares during the last quarter. CENTRAL TRUST Co increased its position in Starwood Property Trust by 66.6% during the 1st quarter. CENTRAL TRUST Co now owns 2,493 shares of the real estate investment trust’s stock valued at $43,000 after buying an additional 997 shares in the last quarter. Finally, Aviance Capital Partners LLC increased its position in Starwood Property Trust by 1.1% during the 1st quarter. Aviance Capital Partners LLC now owns 88,582 shares of the real estate investment trust’s stock valued at $1,525,000 after buying an additional 1,000 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Company Profile

Starwood Property Trust, Inc (NYSE: STWD) is a real estate investment trust focused on commercial real estate finance. The company originates, acquires, finances and manages a range of real estate debt investments, including senior and subordinate mortgages, mezzanine loans, and other credit investments secured by commercial properties.

Its business also includes commercial real estate lending and servicing, residential lending, and infrastructure lending. Through these activities, Starwood Property Trust provides financing to property owners, developers and other real estate participants across multiple property types, including office, multifamily, industrial, hospitality and other commercial assets.

Founded in 2009, the company operates primarily in the United States and has also pursued lending and investment opportunities in Europe and other select international markets.