JPMorgan Chase & Co. Has Lowered Expectations for Starwood Property Trust (NYSE:STWD) Stock Price

Starwood Property Trust (NYSE:STWD) had its price target reduced by equities research analysts at JPMorgan Chase & Co. from $20.00 to $19.50 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 price target indicates a potential upside of 0.59% from the company’s current price.

A number of other analysts also recently issued reports on STWD. Keefe, Bruyette & Woods lowered their price target on Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, January 14th. JMP Securities dropped their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research note on Thursday, November 7th. Finally, UBS Group upped their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $22.13.

Starwood Property Trust Stock Performance

NYSE:STWD opened at $19.39 on Tuesday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. The company has a market cap of $6.54 billion, a price-to-earnings ratio of 16.57 and a beta of 1.69. Starwood Property Trust has a 1 year low of $18.12 and a 1 year high of $21.19. The stock’s 50 day simple moving average is $19.57 and its two-hundred day simple moving average is $19.83.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The business had revenue of $479.50 million during the quarter, compared to analyst estimates of $488.63 million. During the same quarter last year, the business earned $0.46 earnings per share. Starwood Property Trust’s quarterly revenue was down 8.1% compared to the same quarter last year. As a group, equities analysts anticipate that Starwood Property Trust will post 1.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Starwood Property Trust

Institutional investors have recently added to or reduced their stakes in the business. Geode Capital Management LLC raised its position in Starwood Property Trust by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust’s stock worth $108,960,000 after buying an additional 399,672 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Starwood Property Trust by 5.8% in the third quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust’s stock worth $43,002,000 after acquiring an additional 116,182 shares during the period. HighTower Advisors LLC raised its holdings in shares of Starwood Property Trust by 9.6% during the third quarter. HighTower Advisors LLC now owns 1,725,473 shares of the real estate investment trust’s stock worth $35,170,000 after purchasing an additional 150,576 shares during the last quarter. Van ECK Associates Corp lifted its position in Starwood Property Trust by 27.1% during 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 purchasing an additional 279,793 shares during the period. Finally, Raymond James & Associates boosted its holdings in Starwood Property Trust by 0.6% in the third quarter. Raymond James & Associates now owns 1,090,325 shares of the real estate investment trust’s stock valued at $22,221,000 after purchasing an additional 6,616 shares during the last quarter. Institutional investors and hedge funds 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.