Starwood Property Trust (NYSE:STWD) Reaches New 12-Month Low – Here’s Why

Shares of Starwood Property Trust, Inc. (NYSE:STWD) hit a new 52-week low during trading on Thursday . The company traded as low as $16.28 and last traded at $16.2850, with a volume of 1578594 shares trading hands. The stock had previously closed at $16.48.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on STWD shares. JPMorgan Chase & Co. lowered their price objective on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Weiss Ratings cut shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Zacks Research upgraded shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. UBS Group initiated coverage on Starwood Property Trust in a report on Tuesday, June 2nd. They set a “buy” rating and a $20.00 price target for the company. Finally, Wall Street Zen raised Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $19.70.

Starwood Property Trust Stock Up 1.2%

The firm has a fifty day simple moving average of $16.82 and a 200-day simple moving average of $17.53. The firm has a market cap of $6.13 billion, a price-to-earnings ratio of 17.21, a P/E/G ratio of 2.20 and a beta of 0.98. The company has a debt-to-equity ratio of 3.31, a quick ratio of 1.57 and a current ratio of 1.57.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Friday, May 8th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The company had revenue of $205.55 million for the quarter, compared to the consensus estimate of $496.25 million. Starwood Property Trust had a return on equity of 7.91% and a net margin of 18.11%.The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period last year, the firm earned $0.45 earnings per share. As a group, sell-side analysts expect that Starwood Property Trust, Inc. will post 1.51 EPS for the current year.

Starwood Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.92 annualized dividend and a dividend yield of 11.6%. Starwood Property Trust’s payout ratio is presently 200.00%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Kestra Advisory Services LLC increased its position in Starwood Property Trust by 63.3% during the 1st quarter. Kestra Advisory Services LLC now owns 331,004 shares of the real estate investment trust’s stock worth $5,700,000 after buying an additional 128,300 shares during the period. Geode Capital Management LLC boosted its position in shares of Starwood Property Trust by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust’s stock valued at $115,453,000 after acquiring an additional 148,740 shares during the period. GraniteShares Advisors LLC bought a new stake in shares of Starwood Property Trust in the fourth quarter valued at about $2,617,000. Norges Bank acquired a new position in shares of Starwood Property Trust in the fourth quarter valued at about $75,177,000. Finally, Advisors Capital Management LLC grew its stake in shares of Starwood Property Trust by 157.3% in the fourth quarter. Advisors Capital Management LLC now owns 3,702,935 shares of the real estate investment trust’s stock valued at $66,690,000 after acquiring an additional 2,263,856 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Company Profile

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.