Starwood Property Trust, Inc. (NYSE:STWD) Receives $21.88 Average PT from Brokerages

Starwood Property Trust, Inc. (NYSE:STWD) has earned a consensus rating of “Moderate Buy” from the nine research firms that are presently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $21.88.

Several research analysts recently commented on STWD shares. JPMorgan Chase & Co. reduced their target price on shares of Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a report on Wednesday, April 10th. Wolfe Research began coverage on shares of Starwood Property Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating for the company. Raymond James decreased their price objective on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 16th. BTIG Research dropped their target price on shares of Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating on the stock in a report on Wednesday, April 17th. Finally, Keefe, Bruyette & Woods reduced their price target on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a report on Wednesday, April 10th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in STWD. BNP Paribas Financial Markets grew its stake in shares of Starwood Property Trust by 615.8% in the fourth quarter. BNP Paribas Financial Markets now owns 149,339 shares of the real estate investment trust’s stock valued at $3,139,000 after acquiring an additional 128,477 shares in the last quarter. Brown Advisory Inc. increased its holdings in shares of 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 purchasing an additional 45,983 shares during the period. Teachers Retirement System of The State of Kentucky raised its position in shares of Starwood Property Trust by 97.5% in the third quarter. Teachers Retirement System of The State of Kentucky now owns 104,320 shares of the real estate investment trust’s stock valued at $2,018,000 after buying an additional 51,504 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Starwood Property Trust by 233.4% in the fourth quarter. Victory Capital Management Inc. now owns 180,403 shares of the real estate investment trust’s stock valued at $3,792,000 after buying an additional 126,298 shares during the period. Finally, Cibc World Markets Corp acquired a new stake in Starwood Property Trust during the fourth quarter worth approximately $2,091,000. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Trading Down 0.4 %

NYSE:STWD opened at $18.92 on Thursday. The company has a market cap of $5.98 billion, a P/E ratio of 13.61 and a beta of 1.69. Starwood Property Trust has a twelve month low of $17.07 and a twelve month high of $22.29. The business has a 50 day moving average price of $19.45 and a two-hundred day moving average price of $19.98. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.80.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, June 27th. This represents a $1.92 annualized dividend and a yield of 10.15%. Starwood Property Trust’s payout ratio is currently 138.13%.

About Starwood Property Trust

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.