Starwood Property Trust (NYSE:STWD) Price Target Cut to $22.00 by Analysts at Keefe, Bruyette & Woods

Starwood Property Trust (NYSE:STWD) had its target price lowered by Keefe, Bruyette & Woods from $22.50 to $22.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust’s stock.

Several other brokerages also recently commented on STWD. JMP Securities cut their price target on shares of 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. JPMorgan Chase & Co. reduced their target price on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a research report on Thursday, November 7th. Wells Fargo & Company raised their price target on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, September 20th. Finally, UBS Group boosted their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.19.

Starwood Property Trust Price Performance

Shares of NYSE STWD opened at $19.26 on Tuesday. 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 has a fifty-two week low of $18.12 and a fifty-two week high of $21.19. The stock has a market cap of $6.49 billion, a PE ratio of 16.46 and a beta of 1.69. The stock has a fifty day moving average of $19.58 and a 200-day moving average of $19.81.

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 analysts’ consensus estimates of $0.43 by $0.05. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The business had revenue of $479.50 million during the quarter, compared to analyst estimates of $488.63 million. During the same quarter in the previous year, the firm earned $0.46 EPS. The company’s quarterly revenue was down 8.1% compared to the same quarter last year. Equities research analysts anticipate that Starwood Property Trust will post 1.88 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.97%. The ex-dividend date of this dividend was Tuesday, December 31st. Starwood Property Trust’s dividend payout ratio is currently 164.10%.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in STWD. Artemis Investment Management LLP purchased a new stake in shares of Starwood Property Trust in the 3rd quarter valued at $9,580,000. International Assets Investment Management LLC boosted its position in Starwood Property Trust by 2,414.3% during the third quarter. International Assets Investment Management LLC now owns 476,586 shares of the real estate investment trust’s stock valued at $9,713,000 after buying an additional 457,631 shares during the period. Geode Capital Management LLC grew its stake in shares of Starwood Property Trust by 8.1% during 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 buying an additional 399,672 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Starwood Property Trust by 78.0% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 891,734 shares of the real estate investment trust’s stock worth $18,174,000 after buying an additional 390,787 shares during the period. Finally, Lighthouse Investment Partners LLC bought a new stake in shares of Starwood Property Trust in the 2nd quarter valued at about $5,455,000. 49.82% of the stock is 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.