Keefe, Bruyette & Woods Issues Pessimistic Forecast for Starwood Property Trust (NYSE:STWD) Stock Price

Starwood Property Trust (NYSE:STWD) had its target price reduced by equities researchers at Keefe, Bruyette & Woods from $22.50 to $22.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 16.22% from the company’s current price.

Other analysts have also recently issued research reports about the stock. Wells Fargo & Company raised their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, September 20th. UBS Group raised their price objective 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. JPMorgan Chase & Co. lowered their target price on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a research note on Thursday, November 7th. Finally, JMP Securities cut their price target on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a research note on Thursday, November 7th. Three equities research 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. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $22.19.

Starwood Property Trust Stock Up 1.9 %

Starwood Property Trust stock traded up $0.36 during mid-day trading on Tuesday, reaching $18.93. 878,599 shares of the company’s stock were exchanged, compared to its average volume of 2,213,259. Starwood Property Trust has a twelve month low of $18.12 and a twelve month high of $21.19. The company has a fifty day moving average of $19.60 and a 200-day moving average of $19.82. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The company has a market cap of $6.38 billion, a P/E ratio of 16.18 and a beta of 1.69.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. The firm had revenue of $479.50 million during the quarter, compared to analysts’ expectations of $488.63 million. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. Starwood Property Trust’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.46 EPS. Sell-side analysts expect that Starwood Property Trust will post 1.88 EPS for the current year.

Institutional Trading of Starwood Property Trust

Several institutional investors and hedge funds have recently made changes to their positions in the company. Choreo LLC acquired a new position in Starwood Property Trust during the second quarter worth approximately $328,000. Parallel Advisors LLC increased its holdings in shares of Starwood Property Trust by 18.4% in the 2nd quarter. Parallel Advisors LLC now owns 42,690 shares of the real estate investment trust’s stock valued at $809,000 after acquiring an additional 6,646 shares during the period. Envestnet Asset Management Inc. raised its position in Starwood Property Trust by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 316,834 shares of the real estate investment trust’s stock valued at $6,001,000 after purchasing an additional 19,031 shares during the last quarter. Sargent Investment Group LLC boosted its stake in Starwood Property Trust by 9.7% during the 2nd quarter. Sargent Investment Group LLC now owns 197,510 shares of the real estate investment trust’s stock worth $3,741,000 after purchasing an additional 17,426 shares during the period. Finally, Vanguard Personalized Indexing Management LLC grew its position in Starwood Property Trust by 10.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 34,948 shares of the real estate investment trust’s stock worth $658,000 after purchasing an additional 3,366 shares during the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

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.