UBS Group Increases Starwood Property Trust (NYSE:STWD) Price Target to $20.00

Starwood Property Trust (NYSE:STWD) had its price target lifted by UBS Group from $19.50 to $20.00 in a research note published on Friday,Benzinga reports. UBS Group currently has a neutral rating on the real estate investment trust’s stock.

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

Starwood Property Trust Trading Down 0.5 %

NYSE STWD 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’s fifty day simple moving average is $20.01 and its 200-day simple moving average is $19.79. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust has a 52 week low of $18.43 and a 52 week high of $22.29.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.05. The firm had revenue of $479.50 million for the quarter, compared to analyst estimates of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm’s revenue was down 8.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.46 EPS. Equities research analysts predict that Starwood Property Trust will post 1.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Starwood Property Trust

Several institutional investors have recently made changes to their positions in the stock. Allspring Global Investments Holdings LLC bought a new stake in shares of Starwood Property Trust in the 1st quarter worth approximately $26,000. Altshuler Shaham Ltd acquired a new position in shares of Starwood Property Trust during the second quarter valued at $28,000. Future Financial Wealth Managment LLC bought a new position in shares of Starwood Property Trust during the third quarter worth about $34,000. Quarry LP bought a new position in shares of Starwood Property Trust during the second quarter worth about $36,000. Finally, Godsey & Gibb Inc. acquired a new stake in shares of Starwood Property Trust in the 3rd quarter worth about $41,000. 49.82% of the stock is owned by 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.