Keefe, Bruyette & Woods Cuts Starwood Property Trust (NYSE:STWD) Price Target to $21.00

Starwood Property Trust (NYSE:STWD) had its price objective decreased by stock analysts at Keefe, Bruyette & Woods from $22.00 to $21.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 16.15% from the company’s current price.

STWD has been the subject of several other reports. UBS Group upped their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research report on Tuesday, July 15th. Weiss Ratings reissued a “hold (c)” rating on shares of Starwood Property Trust in a report on Wednesday, October 8th. Zacks Research lowered shares of Starwood Property Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Wells Fargo & Company lowered their price objective on shares of Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Wall Street Zen raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.63.

Starwood Property Trust Stock Performance

Shares of Starwood Property Trust stock opened at $18.08 on Wednesday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.90. The company has a market cap of $6.64 billion, a PE ratio of 16.59 and a beta of 1.27. The company has a 50 day moving average of $19.25 and a 200-day moving average of $19.71. Starwood Property Trust has a 1-year low of $16.59 and a 1-year high of $21.05.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Monday, November 10th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). The firm had revenue of $488.88 million for the quarter, compared to analyst estimates of $479.70 million. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The firm’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.48 earnings per share. As a group, equities research analysts forecast that Starwood Property Trust will post 1.88 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Starwood Property Trust

Several institutional investors and hedge funds have recently made changes to their positions in STWD. QRG Capital Management Inc. boosted its holdings in Starwood Property Trust by 9.0% in the second quarter. QRG Capital Management Inc. now owns 250,278 shares of the real estate investment trust’s stock valued at $5,023,000 after acquiring an additional 20,703 shares during the last quarter. Wellington Management Group LLP acquired a new position in shares of Starwood Property Trust in the 1st quarter worth approximately $516,000. Grassi Investment Management boosted its stake in shares of Starwood Property Trust by 168.1% in the 2nd quarter. Grassi Investment Management now owns 95,700 shares of the real estate investment trust’s stock valued at $1,921,000 after purchasing an additional 60,000 shares during the last quarter. Bleakley Financial Group LLC increased its position in shares of Starwood Property Trust by 109.1% during the first quarter. Bleakley Financial Group LLC now owns 64,928 shares of the real estate investment trust’s stock worth $1,284,000 after buying an additional 33,882 shares during the period. Finally, Envestnet Asset Management Inc. increased its position in shares of Starwood Property Trust by 11.4% during the second quarter. Envestnet Asset Management Inc. now owns 492,685 shares of the real estate investment trust’s stock worth $9,888,000 after buying an additional 50,247 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

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.