Starwood Property Trust (NYSE:STWD) Price Target Raised to $20.50 at JPMorgan Chase & Co.

Starwood Property Trust (NYSE:STWD) had its price target increased by JPMorgan Chase & Co. from $20.00 to $20.50 in a research note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 2.40% from the company’s current price.

A number of other brokerages have also recently issued reports on STWD. Raymond James lowered their target price on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a report on Thursday, May 16th. BTIG Research reduced their price objective on shares of Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating for the company in a research note on Wednesday, April 17th. Keefe, Bruyette & Woods decreased their price target on shares of Starwood Property Trust from $20.50 to $20.00 and set a “market perform” rating on the stock in a report on Wednesday, July 10th. Finally, Wolfe Research assumed coverage on Starwood Property Trust in a research report on Tuesday, June 25th. They set a “peer perform” rating for the company. Five investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $21.57.

Starwood Property Trust Stock Performance

Shares of STWD stock traded up $0.10 on Tuesday, hitting $20.02. 230,175 shares of the stock were exchanged, compared to its average volume of 2,193,227. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.80. The firm has a market capitalization of $6.33 billion, a PE ratio of 14.40 and a beta of 1.69. Starwood Property Trust has a one year low of $17.07 and a one year high of $22.29. The firm’s 50 day moving average is $19.44 and its two-hundred day moving average is $19.82.

Institutional Investors Weigh In On Starwood Property Trust

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Norges Bank bought a new position in Starwood Property Trust in the 4th quarter worth $62,447,000. Waterfront Capital Partners LLC bought a new stake in Starwood Property Trust during the 4th quarter worth approximately $15,997,000. NFC Investments LLC purchased a new stake in shares of Starwood Property Trust in the fourth quarter worth $13,237,000. Premier Fund Managers Ltd bought a new stake in shares of Starwood Property Trust during the 4th quarter valued at $9,276,000. Finally, MGO One Seven LLC increased its stake in Starwood Property Trust by 836.9% in the 4th quarter. MGO One Seven LLC now owns 437,819 shares of the real estate investment trust’s stock worth $9,203,000 after buying an additional 391,087 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

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.