Starwood Property Trust (NYSE:STWD) Stock Price Target Cut by UBS Group

Starwood Property Trust (NYSE:STWD) had its price objective cut by analysts at UBS Group from $20.00 to $16.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. UBS Group‘s target price would suggest a potential upside of 39.80% from the stock’s previous close.

STWD has been the topic of a number of other reports. Keefe, Bruyette & Woods lowered their price target on shares of Starwood Property Trust from $16.00 to $15.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 4th. Zacks Research raised shares of Starwood Property Trust from a “hold” rating to a “strong-buy” rating in a report on Tuesday, October 20th. Weiss Ratings lowered shares of Starwood Property Trust from a “sell (d+)” rating to a “sell (d)” rating in a research report on Monday. JPMorgan Chase & Co. lowered their target price on shares of Starwood Property Trust from $16.00 to $15.50 and set an “overweight” rating on the stock in a report on Wednesday. Finally, Wall Street Zen upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, November 7th. 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 issued a Sell rating to the company. According to MarketBeat, Starwood Property Trust presently has an average rating of “Moderate Buy” and a consensus target price of $17.10.

Starwood Property Trust Stock Performance

NYSE STWD traded down $0.34 on Thursday, reaching $11.45. The stock had a trading volume of 1,274,874 shares, compared to its average volume of 4,092,599. The company has a debt-to-equity ratio of 3.95, a current ratio of 1.48 and a quick ratio of 1.46. The company has a market cap of $4.17 billion, a P/E ratio of -16.79, a price-to-earnings-growth ratio of 1.65 and a beta of 1.03. The firm has a fifty day moving average of $13.54 and a two-hundred day moving average of $16.31. Starwood Property Trust has a 1-year low of $11.41 and a 1-year high of $18.66.

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

Institutional Trading of Starwood Property Trust

Hedge funds have recently added to or reduced their stakes in the stock. BlackRock Inc. bought a new stake in shares of Starwood Property Trust during the second quarter worth $589,366,000. Advisors Capital Management LLC acquired a new position in shares of Starwood Property Trust during the second quarter worth $70,121,000. HighTower Advisors LLC lifted its stake in shares of Starwood Property Trust by 8.8% in the 2nd quarter. HighTower Advisors LLC now owns 3,046,542 shares of the real estate investment trust’s stock valued at $49,902,000 after acquiring an additional 246,741 shares during the last quarter. Bank of New York Mellon Corp bought a new position in shares of Starwood Property Trust in the 2nd quarter valued at $38,498,000. Finally, Van ECK Associates Corp lifted its stake in shares of Starwood Property Trust by 12.2% in the 2nd quarter. Van ECK Associates Corp now owns 1,598,413 shares of the real estate investment trust’s stock valued at $26,182,000 after acquiring an additional 174,156 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Company Profile

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.