Starwood Property Trust (NYSE:STWD) Price Target Raised to $19.50

Starwood Property Trust (NYSE:STWD) had its price target lifted by JPMorgan Chase & Co. from $19.00 to $19.50 in a report published on Monday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the real estate investment trust’s stock.

Other equities research analysts have also recently issued research reports about the stock. UBS Group dropped their target price on shares of Starwood Property Trust from $19.50 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Keefe, Bruyette & Woods dropped their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Starwood Property Trust presently has an average rating of “Moderate Buy” and an average target price of $21.93.

Starwood Property Trust Price Performance

Shares of STWD opened at $19.97 on Monday. Starwood Property Trust has a twelve month low of $16.59 and a twelve month high of $21.17. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The firm has a 50 day moving average of $19.17 and a 200 day moving average of $19.47. The company has a market capitalization of $6.74 billion, a P/E ratio of 17.07 and a beta of 1.26.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The company had revenue of $418.18 million during the quarter, compared to analysts’ expectations of $469.00 million. During the same quarter in the prior year, the business posted $0.59 EPS. As a group, equities research analysts anticipate that Starwood Property Trust will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.61%. The ex-dividend date was Monday, March 31st. Starwood Property Trust’s dividend payout ratio is presently 202.11%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of STWD. Adams Asset Advisors LLC lifted its stake in shares of Starwood Property Trust by 60.4% during the 4th quarter. Adams Asset Advisors LLC now owns 78,634 shares of the real estate investment trust’s stock valued at $1,490,000 after buying an additional 29,603 shares in the last quarter. Hennion & Walsh Asset Management Inc. lifted its stake in shares of Starwood Property Trust by 1.7% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 34,528 shares of the real estate investment trust’s stock valued at $654,000 after buying an additional 571 shares in the last quarter. Carnegie Investment Counsel lifted its stake in shares of Starwood Property Trust by 5.1% during the 4th quarter. Carnegie Investment Counsel now owns 20,675 shares of the real estate investment trust’s stock valued at $392,000 after buying an additional 1,000 shares in the last quarter. Brooklyn Investment Group lifted its stake in shares of Starwood Property Trust by 86.1% during the 4th quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 730 shares in the last quarter. Finally, HB Wealth Management LLC purchased a new position in shares of Starwood Property Trust during the 4th quarter valued at $217,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

About Starwood Property Trust

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.