Starwood Property Trust (NYSE:STWD) Hits New 52-Week Low – What’s Next?

Shares of Starwood Property Trust, Inc. (NYSE:STWD – Get Free Report) hit a new 52-week low on Monday. The stock traded as low as $11.76 and last traded at $11.8750, with a volume of 2,117,489 shares trading hands. The stock had previously closed at $12.05.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on STWD shares. JPMorgan Chase & Co. cut their price target on Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating for the company in a research note on Tuesday, August 18th. Wells Fargo & Company set a $20.00 price objective on shares of Starwood Property Trust in a research report on Monday, August 17th. Wall Street Zen raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Citigroup restated a “market outperform” rating on shares of Starwood Property Trust in a research report on Monday, October 26th. Finally, Weiss Ratings downgraded shares of Starwood Property Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.50.

View Our Latest Research Report on Starwood Property Trust

Starwood Property Trust Trading Down 1.4%

The company has a market cap of $4.32 billion, a price-to-earnings ratio of -17.47, a P/E/G ratio of 1.67 and a beta of 1.03. The business has a fifty day simple moving average of $13.62 and a 200 day simple moving average of $16.34. The company has a quick ratio of 1.46, a current ratio of 1.48 and a debt-to-equity ratio of 3.95.

Starwood Property Trust (NYSE:STWD – Get Free Report) last posted its quarterly earnings results on Friday, November 6th. The real estate investment trust reported $0.31 earnings per share for the quarter, topping analysts’ consensus estimates of $0.27 by $0.04. The business had revenue of $545.85 million for the quarter, compared to analysts’ expectations of $531.80 million. Starwood Property Trust had a negative net margin of 11.35% and a positive return on equity of 7.77%. The business’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.40 EPS. On average, equities analysts anticipate that Starwood Property Trust, Inc. will post 1.33 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 16.2%. Starwood Property Trust’s dividend payout ratio (DPR) is -282.35%.

Institutional Investors Weigh In On Starwood Property Trust

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Versant Capital Management Inc grew its holdings in shares of Starwood Property Trust by 293.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,954 shares of the real estate investment trust’s stock worth $32,000 after acquiring an additional 1,457 shares during the period. Orion Capital Management LLC acquired a new position in Starwood Property Trust during the second quarter worth $33,000. Bullseye Investment Management LLC acquired a new position in Starwood Property Trust during the second quarter worth $34,000. Northwestern Mutual Wealth Management Co. acquired a new position in Starwood Property Trust during the second quarter worth $63,000. Finally, Integrated Wealth Concepts LLC purchased a new stake in Starwood Property Trust during the second quarter worth $68,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

About Starwood Property Trust

(Get Free Report)

Starwood Property Trust, Inc. is a real estate investment trust focused on commercial real estate finance and related investments. The company originates, acquires and manages commercial mortgage loans and other debt investments secured by commercial properties, and also invests in commercial real estate and infrastructure-related lending. Founded in 2009, Starwood Property Trust operates primarily in the United States and also conducts business in international markets, including Europe and Australia.

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