Starwood Property Trust (NYSE:STWD) Reaches New 1-Year Low – Here’s What Happened

Starwood Property Trust, Inc. (NYSE:STWD)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $18.41 and last traded at $18.52, with a volume of 436327 shares. The stock had previously closed at $18.81.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on STWD. JMP Securities cut their price objective on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research report on Thursday, November 7th. UBS Group increased their price target on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Friday, November 15th. Wells Fargo & Company lifted their price objective on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Finally, 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 report on Thursday, November 7th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $22.25.

Starwood Property Trust Stock Down 2.1 %

The stock has a fifty day moving average price of $19.62 and a 200-day moving average price of $19.82. The firm has a market cap of $6.21 billion, a PE ratio of 15.74 and a beta of 1.69. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.05. The company had revenue of $479.50 million during 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 business’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.46 earnings per share. Research analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.42%. The ex-dividend date of this dividend is Tuesday, December 31st. Starwood Property Trust’s payout ratio is 164.10%.

Institutional Investors Weigh In On Starwood Property Trust

Several hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC grew its position in Starwood Property Trust by 8.1% in the third quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust’s stock valued at $108,960,000 after acquiring an additional 399,672 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Starwood Property Trust by 5.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust’s stock valued at $43,002,000 after purchasing an additional 116,182 shares in the last quarter. HighTower Advisors LLC increased its stake in Starwood Property Trust by 9.6% during the 3rd quarter. HighTower Advisors LLC now owns 1,725,473 shares of the real estate investment trust’s stock worth $35,170,000 after buying an additional 150,576 shares during the period. Van ECK Associates Corp lifted its holdings in Starwood Property Trust by 27.1% in the 3rd quarter. Van ECK Associates Corp now owns 1,313,824 shares of the real estate investment trust’s stock worth $26,106,000 after buying an additional 279,793 shares in the last quarter. Finally, Raymond James & Associates boosted its position in Starwood Property Trust by 0.6% in the 3rd quarter. Raymond James & Associates now owns 1,090,325 shares of the real estate investment trust’s stock valued at $22,221,000 after buying an additional 6,616 shares during the last quarter. 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.