JPMorgan Chase & Co. Issues Pessimistic Forecast for Starwood Property Trust (NYSE:STWD) Stock Price

Starwood Property Trust (NYSE:STWD) had its price objective lowered by JPMorgan Chase & Co. from $20.50 to $20.00 in a report issued on Thursday,Benzinga reports. The firm currently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 2.51% from the stock’s previous close.

A number of other research analysts have also recently commented on the company. Wells Fargo & Company boosted their price objective on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. JMP Securities decreased their price target on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a report on Thursday. BTIG Research reiterated a “buy” rating and set a $24.00 price objective on shares of Starwood Property Trust in a research note on Friday, July 19th. Finally, Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and upped their target price for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.38.

Starwood Property Trust Trading Up 0.6 %

Shares of STWD stock traded up $0.11 on Thursday, reaching $19.51. 1,221,333 shares of the stock were exchanged, compared to its average volume of 2,306,043. The stock has a market cap of $6.18 billion, a P/E ratio of 17.95 and a beta of 1.70. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 2.80. The firm has a 50 day moving average of $20.13 and a two-hundred day moving average of $19.78. Starwood Property Trust has a 1-year low of $18.42 and a 1-year high of $22.29.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The business had revenue of $489.80 million for the quarter, compared to the consensus estimate of $505.23 million. During the same quarter last year, the firm posted $0.47 EPS. The business’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, research analysts anticipate that Starwood Property Trust will post 1.88 EPS for the current year.

Hedge Funds Weigh In On Starwood Property Trust

Several large investors have recently modified their holdings of the stock. Stratos Wealth Advisors LLC increased its stake in shares of Starwood Property Trust by 79.1% during the third quarter. Stratos Wealth Advisors LLC now owns 82,637 shares of the real estate investment trust’s stock valued at $1,684,000 after acquiring an additional 36,493 shares during the period. Allspring Global Investments Holdings LLC acquired a new position in Starwood Property Trust in the first quarter worth approximately $26,000. Van ECK Associates Corp increased its holdings in shares of Starwood Property Trust by 27.1% in the third quarter. Van ECK Associates Corp now owns 1,313,824 shares of the real estate investment trust’s stock valued at $26,106,000 after buying an additional 279,793 shares in the last quarter. Cetera Investment Advisers lifted its position in shares of Starwood Property Trust by 70.0% during the 1st quarter. Cetera Investment Advisers now owns 334,893 shares of the real estate investment trust’s stock valued at $6,808,000 after acquiring an additional 137,923 shares during the last quarter. Finally, Algert Global LLC bought a new stake in shares of Starwood Property Trust during the 2nd quarter worth $568,000. 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.