Starwood Property Trust, Inc. (NYSE:STWD – Get Free Report)’s stock price hit a new 52-week low on Thursday . The company traded as low as $15.47 and last traded at $15.6650, with a volume of 790307 shares. The stock had previously closed at $15.87.
Analyst Upgrades and Downgrades
Several equities research analysts recently weighed in on STWD shares. 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. Wells Fargo & Company set a $20.00 price target on Starwood Property Trust in a research report on Monday, August 17th. UBS Group initiated coverage on Starwood Property Trust in a research report on Tuesday, June 2nd. They set a “buy” rating and a $20.00 price objective for the company. JPMorgan Chase & Co. dropped their target price on Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a research report on Tuesday, August 18th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Starwood Property Trust in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $19.20.
View Our Latest Analysis on STWD
Starwood Property Trust Stock Up 0.2%
Starwood Property Trust (NYSE:STWD – Get Free Report) last issued its quarterly earnings data 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 return on equity of 7.85% and a net margin of 11.35%.The business had revenue of $201.42 million during the quarter, compared to the consensus estimate of $521.67 million. During the same period in the previous year, the firm posted $0.43 earnings per share. The business’s revenue was up 15.6% on a year-over-year basis. Sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.4 EPS for the current fiscal year.
Starwood Property Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.92 annualized dividend and a dividend yield of 12.3%. Starwood Property Trust’s dividend payout ratio is presently 325.42%.
Institutional Investors Weigh In On Starwood Property Trust
Hedge funds and other institutional investors have recently modified their holdings of the stock. AQR Capital Management LLC increased its stake in Starwood Property Trust by 70.1% during the 1st quarter. AQR Capital Management LLC now owns 36,396 shares of the real estate investment trust’s stock valued at $720,000 after buying an additional 15,001 shares during the period. NewEdge Advisors LLC raised its position in shares of Starwood Property Trust by 23.9% during the 1st quarter. NewEdge Advisors LLC now owns 19,606 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 3,784 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Starwood Property Trust by 99.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 7,450 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 3,721 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of Starwood Property Trust by 42.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 5,535 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 1,657 shares during the period. Finally, Baird Financial Group Inc. boosted its holdings in shares of Starwood Property Trust by 3.3% in the second quarter. Baird Financial Group Inc. now owns 113,306 shares of the real estate investment trust’s stock valued at $2,274,000 after acquiring an additional 3,577 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors.
Starwood Property Trust Company Profile
Starwood Property Trust, Inc is a real estate investment trust focused primarily on commercial real estate finance. The company originates, acquires, finances and manages a range of commercial real estate debt investments, including first mortgage loans, mezzanine loans, subordinated debt and securities backed by commercial properties.
Its activities also include infrastructure lending, residential lending and the ownership or management of commercial real estate investments. Through these businesses, Starwood Property Trust provides financing to property owners, developers and investors across sectors such as office, multifamily, industrial, hospitality and other commercial real estate categories.
Founded in 2009, the company operates primarily in the United States and also pursues investment opportunities in international markets, including Europe.
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