Analysts Set Starwood Property Trust, Inc. (NYSE:STWD) PT at $22.36

Starwood Property Trust, Inc. (NYSE:STWD) has earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $22.36.

Several research analysts recently commented on STWD shares. BTIG Research reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a report on Friday, July 19th. JPMorgan Chase & Co. raised their price target on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. Finally, Wells Fargo & Company lifted their target price on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, September 20th.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Sunbelt Securities Inc. grew its stake in Starwood Property Trust by 0.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 57,077 shares of the real estate investment trust’s stock worth $1,081,000 after buying an additional 517 shares in the last quarter. Fortem Financial Group LLC increased its stake in Starwood Property Trust by 2.0% in the second quarter. Fortem Financial Group LLC now owns 26,278 shares of the real estate investment trust’s stock valued at $498,000 after acquiring an additional 519 shares during the last quarter. Fifth Third Bancorp increased its stake in Starwood Property Trust by 26.0% in the second quarter. Fifth Third Bancorp now owns 2,572 shares of the real estate investment trust’s stock valued at $49,000 after acquiring an additional 531 shares during the last quarter. Retirement Group LLC raised its position in Starwood Property Trust by 33.5% during the first quarter. Retirement Group LLC now owns 2,516 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 631 shares in the last quarter. Finally, First Foundation Advisors lifted its stake in Starwood Property Trust by 9.4% during the first quarter. First Foundation Advisors now owns 8,307 shares of the real estate investment trust’s stock worth $169,000 after purchasing an additional 717 shares during the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

Shares of NYSE STWD opened at $19.74 on Wednesday. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.84 and a quick ratio of 1.84. The stock has a market capitalization of $6.25 billion, a PE ratio of 18.11 and a beta of 1.70. Starwood Property Trust has a one year low of $18.19 and a one year high of $22.29. The business’s fifty day moving average price is $20.19 and its 200-day moving average price is $19.76.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The business had revenue of $489.80 million for the quarter, compared to the consensus estimate of $505.23 million. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The company’s revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.47 earnings per share. On average, equities research analysts anticipate that Starwood Property Trust will post 1.88 EPS for the current year.

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.