Starwood Property Trust, Inc. (NYSE:STWD) Receives $19.20 Average Price Target from Analysts

Shares of Starwood Property Trust, Inc. (NYSE:STWD) have earned a consensus recommendation of “Moderate Buy” from the seven research firms that are covering the firm, Marketbeat Ratings reports. Three analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $19.20.

A number of equities research analysts recently weighed in on STWD shares. Keefe, Bruyette & Woods reduced their price objective on Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Wells Fargo & Company set a $20.00 target price on Starwood Property Trust in a research report on Monday, August 17th. Weiss Ratings restated a “hold (c-)” rating on shares of Starwood Property Trust in a report on Friday, August 7th. Zacks Research upgraded Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Finally, UBS Group initiated coverage on Starwood Property Trust in a research note on Tuesday, June 2nd. They issued a “buy” rating and a $20.00 price objective for the company.

Starwood Property Trust Stock Performance

Shares of Starwood Property Trust stock opened at $16.16 on Friday. The company’s 50 day moving average price is $16.50 and its two-hundred day moving average price is $17.23. The firm has a market capitalization of $5.98 billion, a P/E ratio of 27.38, a P/E/G ratio of 2.15 and a beta of 0.98. Starwood Property Trust has a fifty-two week low of $15.51 and a fifty-two week high of $20.84. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.46 and a quick ratio of 1.46.

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

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 11.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Starwood Property Trust’s payout ratio is presently 325.42%.

Hedge Funds Weigh In On Starwood Property Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in shares of Starwood Property Trust during the second quarter worth $382,000. California State Teachers Retirement System grew its stake in shares of Starwood Property Trust by 1,492.8% in the second quarter. California State Teachers Retirement System now owns 6,729,051 shares of the real estate investment trust’s stock worth $110,222,000 after purchasing an additional 6,306,591 shares during the last quarter. Ameritas Advisory Services LLC acquired a new stake in Starwood Property Trust in the second quarter valued at $848,000. AlphaGrep UK Ltd acquired a new stake in Starwood Property Trust in the second quarter valued at $373,000. Finally, William John Sempolinski bought a new position in Starwood Property Trust during the 2nd quarter worth $617,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

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.