Starwood Property Trust, Inc. (NYSE:STWD) Stock Has Consensus Target Price of $18.70 According to Analysts

Starwood Property Trust, Inc. (NYSE:STWD) has been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are currently covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and five have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $18.70.

A number of brokerages have commented on STWD. Keefe, Bruyette & Woods decreased their price objective on shares of Starwood Property Trust from $18.50 to $16.00 and set an “outperform” rating on the stock in a report on Friday, October 9th. Wall Street Zen cut shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. decreased their price target on shares of Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a research note on Tuesday, August 18th. Citigroup reaffirmed a “market outperform” rating on shares of Starwood Property Trust in a report on Thursday, September 24th. Finally, Zacks Research upgraded Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th.

Hedge Funds Weigh In On Starwood Property Trust

Several large investors have recently made changes to their positions in STWD. BlackRock Inc. bought a new stake in Starwood Property Trust during the 2nd quarter worth about $589,366,000. Bank of America Corp DE acquired a new position in Starwood Property Trust during the 2nd quarter valued at about $19,537,000. Blue Owl Capital Holdings LP bought a new position in shares of Starwood Property Trust in the 2nd quarter valued at about $3,216,000. QRG Capital Management Inc. boosted its stake in shares of Starwood Property Trust by 101.4% in the 2nd quarter. QRG Capital Management Inc. now owns 344,716 shares of the real estate investment trust’s stock valued at $5,646,000 after purchasing an additional 173,558 shares during the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Starwood Property Trust in the 2nd quarter valued at about $4,488,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

Shares of STWD stock opened at $12.35 on Monday. The stock’s fifty day moving average is $15.09 and its 200-day moving average is $16.40. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.46 and a current ratio of 1.46. The stock has a market capitalization of $4.57 billion, a PE ratio of 20.93, a PEG ratio of 1.64 and a beta of 1.01. Starwood Property Trust has a 52 week low of $12.27 and a 52 week high of $19.06.

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 return on equity of 7.85% and a net margin of 11.35%. The company had revenue of $201.42 million during the quarter, compared to analyst estimates of $521.67 million. During the same period last year, the company posted $0.43 earnings per share. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. Equities research analysts expect that Starwood Property Trust will post 1.40 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently announced 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 is Wednesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 15.5%. Starwood Property Trust’s payout ratio is presently 325.42%.

About Starwood Property Trust

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.