Starwood Property Trust (NYSE:STWD) Price Target Raised to $20.00

Starwood Property Trust (NYSE:STWD) had its target price raised by UBS Group from $19.50 to $20.00 in a report released on Friday,Benzinga reports. They currently have a neutral rating on the real estate investment trust’s stock.

Other equities research analysts have also issued research reports about the company. JPMorgan Chase & Co. reduced their target price on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a research note on Thursday, November 7th. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. JMP Securities reduced their target price on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a report on Thursday, November 7th. Wells Fargo & Company lifted their price target on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. Finally, BTIG Research reissued a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a research report on Friday, July 19th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Starwood Property Trust Trading Down 0.5 %

Shares of STWD stock opened at $19.47 on Friday. The stock has a market cap of $6.56 billion, a P/E ratio of 16.64 and a beta of 1.70. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust has a fifty-two week low of $18.43 and a fifty-two week high of $22.29. The business has a fifty day simple moving average of $20.01 and a 200-day simple moving average of $19.79.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. During the same period last year, the firm posted $0.46 EPS. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. On average, analysts forecast that Starwood Property Trust will post 1.89 earnings per share for the current fiscal year.

Institutional Trading of Starwood Property Trust

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Allspring Global Investments Holdings LLC acquired a new stake in Starwood Property Trust during the first quarter worth about $26,000. State Board of Administration of Florida Retirement System lifted its position in Starwood Property Trust by 2.9% during the first quarter. State Board of Administration of Florida Retirement System now owns 337,831 shares of the real estate investment trust’s stock valued at $6,868,000 after buying an additional 9,541 shares in the last quarter. Kingsview Wealth Management LLC grew its stake in Starwood Property Trust by 38.2% during the first quarter. Kingsview Wealth Management LLC now owns 16,142 shares of the real estate investment trust’s stock worth $328,000 after buying an additional 4,460 shares during the period. HBK Sorce Advisory LLC purchased a new position in shares of Starwood Property Trust in the 1st quarter valued at $212,000. Finally, Blair William & Co. IL raised its stake in shares of Starwood Property Trust by 9.7% in the 1st quarter. Blair William & Co. IL now owns 265,291 shares of the real estate investment trust’s stock valued at $5,393,000 after acquiring an additional 23,525 shares during the period. 49.82% of the stock is currently owned by institutional investors and hedge funds.

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.