Starwood Property Trust (NYSE:STWD) Reaches New 52-Week Low – Here’s What Happened

Starwood Property Trust, Inc. (NYSE:STWD)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $16.21 and last traded at $16.2240, with a volume of 648627 shares changing hands. The stock had previously closed at $16.52.

Analysts Set New Price Targets

STWD has been the subject of a number of research analyst reports. Weiss Ratings cut shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. JPMorgan Chase & Co. dropped their price objective on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a research report on Thursday, April 16th. Keefe, Bruyette & Woods cut their target price on shares of Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating for the company in a research note on Wednesday, May 13th. UBS Group began coverage on shares of Starwood Property Trust in a report on Tuesday, June 2nd. They set a “buy” rating and a $20.00 target price for the company. Finally, Zacks Research upgraded shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $19.70.

Starwood Property Trust Stock Performance

The firm has a market capitalization of $5.92 billion, a price-to-earnings ratio of 16.64, a PEG ratio of 2.19 and a beta of 0.98. The company has a fifty day moving average of $16.75 and a two-hundred day moving average of $17.46. The company has a debt-to-equity ratio of 3.31, a quick ratio of 1.57 and a current ratio of 1.57.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). The firm had revenue of $205.55 million during the quarter, compared to the consensus estimate of $496.25 million. Starwood Property Trust had a net margin of 18.11% and a return on equity of 7.91%. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.45 earnings per share. As a group, equities research analysts predict that Starwood Property Trust, Inc. will post 1.51 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Starwood Property Trust’s payout ratio is presently 200.00%.

Hedge Funds Weigh In On Starwood Property Trust

Institutional investors and hedge funds have recently modified their holdings of the business. CENTRAL TRUST Co raised its stake in Starwood Property Trust by 154.4% in the 4th quarter. CENTRAL TRUST Co now owns 1,496 shares of the real estate investment trust’s stock worth $27,000 after purchasing an additional 908 shares in the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Starwood Property Trust during the 4th quarter worth approximately $28,000. Versant Capital Management Inc increased its holdings in shares of Starwood Property Trust by 293.2% during the second quarter. Versant Capital Management Inc now owns 1,954 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,457 shares during the period. Flagship Harbor Advisors LLC acquired a new stake in shares of Starwood Property Trust in the fourth quarter valued at approximately $53,000. Finally, North Star Investment Management Corp. raised its position in shares of Starwood Property Trust by 1,605.0% in the first quarter. North Star Investment Management Corp. now owns 3,410 shares of the real estate investment trust’s stock valued at $59,000 after buying an additional 3,210 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Company Profile

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.