Starwood Property Trust, Inc. (NYSE:STWD) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Starwood Property Trust, Inc. (NYSE:STWD) have earned a consensus rating of “Moderate Buy” from the nine ratings firms that are covering the company, Marketbeat reports. Four 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 12-month target price among brokers that have issued a report on the stock in the last year is $21.88.

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

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. GAMMA Investing LLC acquired a new stake in shares of Starwood Property Trust in the fourth quarter worth approximately $26,000. Allspring Global Investments Holdings LLC purchased a new position in Starwood Property Trust during the first quarter worth approximately $26,000. ICA Group Wealth Management LLC purchased a new position in Starwood Property Trust during the fourth quarter worth approximately $28,000. Core Wealth Advisors Inc. purchased a new stake in Starwood Property Trust in the fourth quarter valued at $32,000. Finally, Cape Investment Advisory Inc. purchased a new stake in Starwood Property Trust in the fourth quarter valued at $32,000. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $19.24 on Thursday. The stock has a market cap of $6.08 billion, a P/E ratio of 13.84 and a beta of 1.68. The company has a fifty day moving average price of $19.49 and a two-hundred day moving average price of $20.05. Starwood Property Trust has a one year low of $17.07 and a one year high of $22.29. The company has a debt-to-equity ratio of 2.80, a current ratio of 2.49 and a quick ratio of 2.49.

Starwood Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, July 15th. Investors of record on Friday, June 28th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.98%. The ex-dividend date of this dividend is Thursday, June 27th. Starwood Property Trust’s dividend 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.