Starwood Property Trust, Inc. (NYSE:STWD) Receives $21.71 Average Price Target from Analysts

Starwood Property Trust, Inc. (NYSE:STWD) has received a consensus rating of “Moderate Buy” from the eight analysts that are presently covering the firm, Marketbeat.com reports. Four investment analysts have rated the stock with a hold recommendation, three have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $21.71.

A number of research analysts have issued reports on the stock. BTIG Research restated a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a report on Friday, July 19th. Raymond James reduced their target price on Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating for the company in a research note on Thursday, May 16th. JPMorgan Chase & Co. increased their target price on Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Wolfe Research started coverage on Starwood Property Trust in a research note on Tuesday, June 25th. They set a “peer perform” rating for the company. Finally, Keefe, Bruyette & Woods reduced their target price on Starwood Property Trust from $20.50 to $20.00 and set a “market perform” rating for the company in a research note on Wednesday, July 10th.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. BNP Paribas Financial Markets grew its holdings in Starwood Property Trust by 615.8% during the fourth quarter. BNP Paribas Financial Markets now owns 149,339 shares of the real estate investment trust’s stock worth $3,139,000 after acquiring an additional 128,477 shares during the period. Brown Advisory Inc. grew its holdings in Starwood Property Trust by 77.1% during the fourth quarter. Brown Advisory Inc. now owns 105,596 shares of the real estate investment trust’s stock worth $2,220,000 after acquiring an additional 45,983 shares during the period. Victory Capital Management Inc. grew its holdings in Starwood Property Trust by 233.4% during the fourth quarter. Victory Capital Management Inc. now owns 180,403 shares of the real estate investment trust’s stock worth $3,792,000 after acquiring an additional 126,298 shares during the period. Cibc World Markets Corp acquired a new position in Starwood Property Trust during the fourth quarter worth about $2,091,000. Finally, International Assets Investment Management LLC grew its holdings in Starwood Property Trust by 2,347.1% during the fourth quarter. International Assets Investment Management LLC now owns 270,406 shares of the real estate investment trust’s stock worth $5,684,000 after acquiring an additional 259,356 shares during the period. 49.82% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust Price Performance

Shares of NYSE STWD opened at $19.90 on Monday. The firm has a market capitalization of $6.29 billion, a P/E ratio of 14.32 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 company’s fifty day moving average is $19.40 and its two-hundred day moving average is $19.79. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.49 and a current ratio of 2.49.

Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date is Monday, September 30th. Starwood Property Trust’s payout ratio is currently 138.13%.

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.