Starwood Property Trust, Inc. (STWD) Receives Average Recommendation of “Buy” from Analysts
Starwood Property Trust, Inc. (NYSE:STWD) has received an average recommendation of “Buy” from the seven research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $24.00.
A number of research analysts recently weighed in on STWD shares. Zacks Investment Research lowered shares of Starwood Property Trust from a “buy” rating to a “hold” rating in a report on Tuesday, October 30th. Credit Suisse Group raised their target price on shares of Starwood Property Trust from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, August 21st. ValuEngine lowered shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Finally, JPMorgan Chase & Co. started coverage on shares of Starwood Property Trust in a report on Friday, September 21st. They issued an “overweight” rating and a $23.00 target price for the company.
Institutional investors and hedge funds have recently modified their holdings of the stock. Virginia Retirement Systems ET AL bought a new stake in Starwood Property Trust in the second quarter worth $680,000. Capital Fund Management S.A. bought a new stake in shares of Starwood Property Trust during the second quarter worth $2,714,000. Raymond James & Associates lifted its position in shares of Starwood Property Trust by 10.6% during the second quarter. Raymond James & Associates now owns 293,073 shares of the real estate investment trust’s stock worth $6,363,000 after purchasing an additional 28,142 shares during the last quarter. Waterfront Capital Partners LLC lifted its position in shares of Starwood Property Trust by 14.4% during the third quarter. Waterfront Capital Partners LLC now owns 400,400 shares of the real estate investment trust’s stock worth $8,617,000 after purchasing an additional 50,400 shares during the last quarter. Finally, Private Advisor Group LLC lifted its position in shares of Starwood Property Trust by 25.9% during the third quarter. Private Advisor Group LLC now owns 46,567 shares of the real estate investment trust’s stock worth $1,002,000 after purchasing an additional 9,578 shares during the last quarter. Institutional investors own 64.71% of the company’s stock.
Starwood Property Trust (NYSE:STWD) last posted its earnings results on Friday, November 9th. The real estate investment trust reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. Starwood Property Trust had a net margin of 36.49% and a return on equity of 12.41%. The firm had revenue of $285.70 million during the quarter, compared to analyst estimates of $277.19 million. During the same period last year, the firm posted $0.65 earnings per share. Starwood Property Trust’s revenue for the quarter was up 26.0% compared to the same quarter last year. On average, sell-side analysts anticipate that Starwood Property Trust will post 2.12 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be given a $0.48 dividend. The ex-dividend date is Friday, December 28th. This represents a $1.92 dividend on an annualized basis and a yield of 8.59%. Starwood Property Trust’s dividend payout ratio is presently 88.89%.
About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
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