Starwood Property Trust (NYSE:STWD) Given New $22.00 Price Target at Wells Fargo & Company

Starwood Property Trust (NYSE:STWD) had its price objective dropped by research analysts at Wells Fargo & Company from $23.00 to $22.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price objective would indicate a potential upside of 22.94% from the company’s current price.

STWD has been the subject of a number of other research reports. Wall Street Zen upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Zacks Research downgraded shares of Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a research note on Wednesday, October 8th. Finally, UBS Group lifted their price target on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Three analysts have rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, Starwood Property Trust presently has an average rating of “Hold” and an average price target of $20.88.

Starwood Property Trust Stock Up 0.0%

Shares of STWD traded up $0.01 during trading hours on Tuesday, hitting $17.90. The stock had a trading volume of 207,467 shares, compared to its average volume of 2,903,156. Starwood Property Trust has a 1-year low of $16.59 and a 1-year high of $21.05. The firm has a market capitalization of $6.57 billion, a P/E ratio of 16.43 and a beta of 1.27. The firm has a 50 day simple moving average of $19.29 and a 200-day simple moving average of $19.71. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.61 and a quick ratio of 1.61.

Institutional Trading of Starwood Property Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in STWD. Clearstead Advisors LLC boosted its stake in Starwood Property Trust by 5,393.3% in the 3rd quarter. Clearstead Advisors LLC now owns 54,054 shares of the real estate investment trust’s stock worth $1,047,000 after purchasing an additional 53,070 shares during the period. Ameritas Investment Partners Inc. boosted its position in shares of Starwood Property Trust by 3.2% in the third quarter. Ameritas Investment Partners Inc. now owns 66,092 shares of the real estate investment trust’s stock valued at $1,280,000 after acquiring an additional 2,079 shares during the period. Vestmark Advisory Solutions Inc. purchased a new position in Starwood Property Trust during the third quarter valued at approximately $1,640,000. Bleakley Financial Group LLC lifted its stake in Starwood Property Trust by 15.9% in the 3rd quarter. Bleakley Financial Group LLC now owns 88,949 shares of the real estate investment trust’s stock worth $1,723,000 after purchasing an additional 12,171 shares in the last quarter. Finally, Alliance Wealth Advisors LLC UT purchased a new position in shares of Starwood Property Trust during the 3rd quarter valued at $198,000. 49.82% of the stock is currently owned by institutional investors.

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.