JMP Securities Has Lowered Expectations for Starwood Property Trust (NYSE:STWD) Stock Price

Starwood Property Trust (NYSE:STWDGet Free Report) had its price objective dropped by JMP Securities from $24.00 to $23.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “market outperform” rating on the real estate investment trust’s stock. JMP Securities’ target price would suggest a potential upside of 17.89% from the stock’s current price.

STWD has been the topic of several other reports. BTIG Research reaffirmed a “buy” rating and set a $24.00 price objective on shares of Starwood Property Trust in a report on Friday, July 19th. Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $20.50 to $22.50 in a research note on Thursday, September 5th. JPMorgan Chase & Co. raised their target price on Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Finally, Wells Fargo & Company boosted their price target on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Three investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Starwood Property Trust currently has an average rating of “Moderate Buy” and an average price target of $22.38.

Check Out Our Latest Report on Starwood Property Trust

Starwood Property Trust Price Performance

NYSE STWD traded up $0.11 during trading hours on Thursday, reaching $19.51. The company’s stock had a trading volume of 1,221,333 shares, compared to its average volume of 2,306,043. The firm has a market capitalization of $6.18 billion, a price-to-earnings ratio of 17.95 and a beta of 1.70. The company’s 50-day moving average is $20.13 and its two-hundred day moving average is $19.78. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.84 and a quick ratio of 1.84. Starwood Property Trust has a 1-year low of $18.42 and a 1-year high of $22.29.

Starwood Property Trust (NYSE:STWDGet Free Report) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. The business had revenue of $489.80 million during the quarter, compared to the consensus estimate of $505.23 million. Starwood Property Trust had a return on equity of 10.03% and a net margin of 17.05%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS. On average, equities analysts predict that Starwood Property Trust will post 1.88 EPS for the current year.

Institutional Investors Weigh In On Starwood Property Trust

Hedge funds have recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in Starwood Property Trust during the 1st quarter worth about $26,000. Private Advisor Group LLC grew its position in Starwood Property Trust by 27.1% in the 1st quarter. Private Advisor Group LLC now owns 61,052 shares of the real estate investment trust’s stock valued at $1,241,000 after buying an additional 13,022 shares during the last quarter. BNP Paribas Financial Markets increased its position in Starwood Property Trust by 12.7% during the 1st quarter. BNP Paribas Financial Markets now owns 168,284 shares of the real estate investment trust’s stock worth $3,421,000 after purchasing an additional 18,945 shares during the period. Janney Montgomery Scott LLC boosted its position in Starwood Property Trust by 1.7% during the first quarter. Janney Montgomery Scott LLC now owns 112,035 shares of the real estate investment trust’s stock worth $2,278,000 after purchasing an additional 1,837 shares in the last quarter. Finally, Texas Permanent School Fund Corp boosted its stake in shares of Starwood Property Trust by 1.4% during the first quarter. Texas Permanent School Fund Corp now owns 260,425 shares of the real estate investment trust’s stock valued at $5,294,000 after acquiring an additional 3,486 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

About Starwood Property Trust

(Get Free Report)

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.

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