Starwood Property Trust, Inc. (NYSE:STWD) Stock Has Average Target Price of $18.50

Starwood Property Trust, Inc. (NYSE:STWD) has been assigned an average rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $17.10.

Several equities research analysts recently commented on the stock. 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. UBS Group decreased their price objective on shares of Starwood Property Trust from $20.00 to $16.00 and set a “buy” rating for the company in a research note on Thursday. Zacks Research upgraded shares of Starwood Property Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, October 20th. Wells Fargo & Company set a $20.00 target price on shares of Starwood Property Trust in a research note on Monday, August 17th. Finally, Weiss Ratings lowered Starwood Property Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday.

Starwood Property Trust Price Performance

NYSE STWD opened at $11.42 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.46 and a debt-to-equity ratio of 3.95. Starwood Property Trust has a 1 year low of $11.38 and a 1 year high of $18.66. The company has a market cap of $4.16 billion, a PE ratio of -16.80, a PEG ratio of 1.64 and a beta of 1.03. The stock’s 50-day moving average price is $13.45 and its two-hundred day moving average price is $16.28.

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

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th were issued a dividend of $0.48 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 16.8%. Starwood Property Trust’s payout ratio is currently -282.35%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of STWD. BlackRock Inc. purchased a new position in Starwood Property Trust during the 2nd quarter valued at about $589,366,000. Bank of America Corp DE purchased a new stake in shares of Starwood Property Trust in the second quarter worth approximately $19,537,000. QRG Capital Management Inc. lifted its position in shares of Starwood Property Trust by 101.4% in the second quarter. QRG Capital Management Inc. now owns 344,716 shares of the real estate investment trust’s stock worth $5,646,000 after purchasing an additional 173,558 shares in the last quarter. Blue Owl Capital Holdings LP acquired a new stake in shares of Starwood Property Trust during the second quarter worth approximately $3,216,000. Finally, Adams Asset Advisors LLC boosted its holdings in shares of Starwood Property Trust by 48.1% during the third quarter. Adams Asset Advisors LLC now owns 299,901 shares of the real estate investment trust’s stock worth $4,049,000 after purchasing an additional 97,452 shares during the period. 49.82% of the stock is owned by institutional investors and hedge funds.

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.