Starwood Property Trust, Inc. (NYSE:STWD) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Starwood Property Trust, Inc. (NYSE:STWD) has been given an average rating of “Moderate Buy” by the eight research firms that are covering the firm, MarketBeat Ratings reports. Two analysts have rated the stock with a hold recommendation, five have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $21.86.

Several brokerages have recently issued reports on STWD. JPMorgan Chase & Co. lowered their price objective on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Wednesday, April 16th. Keefe, Bruyette & Woods dropped their price target on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. Finally, UBS Group cut their price target on Starwood Property Trust from $19.50 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th.

Institutional Investors Weigh In On Starwood Property Trust

Several large investors have recently made changes to their positions in the stock. Norges Bank acquired a new stake in Starwood Property Trust in the fourth quarter valued at $63,044,000. Raymond James Financial Inc. bought a new stake in shares of Starwood Property Trust in the 4th quarter valued at about $48,841,000. Leeward Investments LLC MA bought a new position in Starwood Property Trust during the fourth quarter worth about $24,791,000. Northern Trust Corp increased its position in Starwood Property Trust by 16.2% during the fourth quarter. Northern Trust Corp now owns 5,287,030 shares of the real estate investment trust’s stock worth $100,189,000 after buying an additional 736,699 shares during the last quarter. Finally, Focus Partners Wealth raised its stake in Starwood Property Trust by 305.4% in the fourth quarter. Focus Partners Wealth now owns 670,093 shares of the real estate investment trust’s stock valued at $12,699,000 after buying an additional 504,812 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

NYSE STWD opened at $19.22 on Wednesday. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. The stock has a market cap of $6.49 billion, a price-to-earnings ratio of 16.43 and a beta of 1.34. The business has a 50 day simple moving average of $19.34 and a 200 day simple moving average of $19.52. Starwood Property Trust has a 52-week low of $16.59 and a 52-week high of $21.17.

Starwood Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were paid a $0.48 dividend. The ex-dividend date was Monday, March 31st. This represents a $1.92 dividend on an annualized basis and a yield of 9.99%. Starwood Property Trust’s dividend payout ratio is 174.55%.

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.