Starwood Property Trust (NYSE:STWD) Sets New 1-Year Low – Here’s Why

Starwood Property Trust, Inc. (NYSE:STWD)’s stock price reached a new 52-week low on Monday. The company traded as low as $11.76 and last traded at $11.8750, with a volume of 2,117,489 shares traded. The stock had previously closed at $12.05.

Wall Street Analyst Weigh In

Several brokerages have issued reports on STWD. Wells Fargo & Company set a $20.00 target price on Starwood Property Trust in a research note on Monday, August 17th. Wall Street Zen raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday. Weiss Ratings lowered shares of Starwood Property Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Zacks Research raised shares of Starwood Property Trust from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, October 20th. Finally, Keefe, Bruyette & Woods reduced their target price on shares of Starwood Property Trust from $16.00 to $15.00 and set an “outperform” rating on the stock in a report on Wednesday, November 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Starwood Property Trust presently has a consensus rating of “Moderate Buy” and an average price target of $18.50.

Starwood Property Trust Stock Performance

The stock has a market cap of $4.45 billion, a PE ratio of -17.67, a P/E/G ratio of 1.67 and a beta of 1.03. The company has a fifty day moving average price of $13.77 and a 200 day moving average price of $16.41. The company has a quick ratio of 1.46, a current ratio of 1.48 and a debt-to-equity ratio of 3.95.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Friday, November 6th. The real estate investment trust reported $0.31 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. The company had revenue of $545.85 million during the quarter, compared to analyst estimates of $531.80 million. Starwood Property Trust had a positive return on equity of 7.77% and a negative net margin of 11.35%. Starwood Property Trust’s revenue for the quarter was down 22.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.40 EPS. Analysts expect that Starwood Property Trust, Inc. will post 1.33 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 16.0%. The ex-dividend date of this dividend was Wednesday, September 30th. Starwood Property Trust’s payout ratio is 325.42%.

Institutional Trading of Starwood Property Trust

Hedge funds and other institutional investors have recently bought and sold shares of the stock. NewEdge Wealth LLC grew its holdings in shares of Starwood Property Trust by 1.6% in the first quarter. NewEdge Wealth LLC now owns 46,769 shares of the real estate investment trust’s stock worth $805,000 after purchasing an additional 732 shares during the last quarter. GoalVest Advisory LLC increased its stake in shares of Starwood Property Trust by 1.7% in the second quarter. GoalVest Advisory LLC now owns 54,818 shares of the real estate investment trust’s stock worth $898,000 after buying an additional 934 shares during the period. Aviance Capital Partners LLC raised its holdings in Starwood Property Trust by 1.1% during the 1st quarter. Aviance Capital Partners LLC now owns 88,582 shares of the real estate investment trust’s stock valued at $1,525,000 after buying an additional 1,000 shares during the last quarter. Modern Wealth Management LLC raised its holdings in Starwood Property Trust by 3.2% during the 1st quarter. Modern Wealth Management LLC now owns 32,675 shares of the real estate investment trust’s stock valued at $558,000 after buying an additional 1,009 shares during the last quarter. Finally, MGO One Seven LLC boosted its position in Starwood Property Trust by 1.8% during the 3rd quarter. MGO One Seven LLC now owns 59,160 shares of the real estate investment trust’s stock valued at $799,000 after buying an additional 1,023 shares during the period. Institutional investors own 49.82% of the company’s stock.

About Starwood Property Trust

Starwood Property Trust, Inc is a real estate investment trust focused on commercial real estate finance and related investments. The company originates, acquires and manages commercial mortgage loans and other debt investments secured by commercial properties, and also invests in commercial real estate and infrastructure-related lending.

Founded in 2009, Starwood Property Trust operates primarily in the United States and also conducts business in international markets, including Europe and Australia.