Starwood Property Trust (NYSE:STWD) Receives New Coverage from Analysts at Wolfe Research

Wolfe Research assumed coverage on shares of Starwood Property Trust (NYSE:STWD) in a research report sent to investors on Tuesday morning, Marketbeat reports. The firm issued a peer perform rating on the real estate investment trust’s stock.

STWD has been the topic of a number of other reports. Keefe, Bruyette & Woods lowered their price target on shares of Starwood Property Trust from $21.00 to $20.50 and set a market perform rating on the stock in a report on Wednesday, April 10th. Raymond James lowered their target price on shares of Starwood Property Trust from $23.50 to $23.00 and set a strong-buy rating on the stock in a research note on Thursday, May 16th. Bank of America reaffirmed a neutral rating and issued a $21.50 price target (down previously from $22.50) on shares of Starwood Property Trust in a report on Monday, March 4th. JPMorgan Chase & Co. dropped their price objective on Starwood Property Trust from $21.00 to $20.00 and set an overweight rating for the company in a research note on Wednesday, April 10th. Finally, BTIG Research lowered their price target on Starwood Property Trust from $24.00 to $23.00 and set a buy rating on the stock in a report on Wednesday, April 17th. Five investment analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and a consensus price target of $21.88.

Starwood Property Trust Price Performance

Shares of NYSE STWD opened at $19.21 on Tuesday. The stock has a fifty day moving average of $19.49 and a 200-day moving average of $20.06. The stock has a market cap of $6.07 billion, a PE ratio of 13.82 and a beta of 1.68. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.49 and a current ratio of 2.49. Starwood Property Trust has a fifty-two week low of $17.07 and a fifty-two week high of $22.29.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Shareholders of record on Friday, June 28th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 10.00%. The ex-dividend date is Thursday, June 27th. Starwood Property Trust’s payout ratio is currently 138.13%.

Insider Transactions at Starwood Property Trust

In related news, President Jeffrey F. Dimodica sold 100,000 shares of the stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the transaction, the president now owns 1,226,673 shares of the company’s stock, valued at approximately $24,876,928.44. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Company insiders own 5.40% of the company’s stock.

Institutional Investors Weigh In On Starwood Property Trust

Several institutional investors have recently bought and sold shares of STWD. GAMMA Investing LLC purchased a new stake in shares of Starwood Property Trust during the fourth quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC purchased a new stake in Starwood Property Trust during the 1st quarter valued at $26,000. ICA Group Wealth Management LLC bought a new stake in Starwood Property Trust in the 4th quarter worth $28,000. Cape Investment Advisory Inc. bought a new position in shares of Starwood Property Trust during the fourth quarter valued at about $32,000. Finally, Core Wealth Advisors Inc. purchased a new stake in shares of Starwood Property Trust during the fourth quarter worth about $32,000. 49.82% of the stock is currently 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.