Starwood Property Trust, Inc. (NYSE:STWD) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Starwood Property Trust, Inc. has received an average rating of "Moderate Buy" from five brokerages, with a price target averaging $21.13.
• The company recently reported a quarterly EPS of $0.43, exceeding expectations, but revenues were down 9.3% year-over-year.
• Starwood Property Trust will pay a quarterly dividend of $0.48 on October 15th, representing an annual yield of 9.8%.

Starwood Property Trust, Inc. (NYSE:STWD - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the five brokerages that are covering the company, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $21.1250.

Several brokerages have recently weighed in on STWD. UBS Group increased their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Keefe, Bruyette & Woods increased their target price on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Zacks Research downgraded shares of Starwood Property Trust from a "strong-buy" rating to a "hold" rating in a research note on Tuesday. Finally, Wall Street Zen upgraded shares of Starwood Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th.

Institutional Investors Weigh In On Starwood Property Trust

A number of hedge funds have recently added to or reduced their stakes in STWD. Meeder Asset Management Inc. purchased a new position in Starwood Property Trust in the first quarter valued at about $25,000. Evolution Wealth Management Inc. purchased a new position in Starwood Property Trust in the second quarter valued at about $25,000. Alpine Bank Wealth Management purchased a new position in Starwood Property Trust in the first quarter valued at about $25,000. PSI Advisors LLC purchased a new position in Starwood Property Trust in the first quarter valued at about $28,000. Finally, SVB Wealth LLC purchased a new position in Starwood Property Trust in the first quarter valued at about $30,000. Institutional investors and hedge funds own 49.82% of the company's stock.

Starwood Property Trust Stock Performance

NYSE:STWD opened at $19.50 on Thursday. The firm has a market capitalization of $7.16 billion, a PE ratio of 17.89 and a beta of 1.29. The business's fifty day moving average price is $20.02 and its 200 day moving average price is $19.78. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.61 and a quick ratio of 1.61. Starwood Property Trust has a 12 month low of $16.59 and a 12 month high of $21.05.

Starwood Property Trust (NYSE:STWD - Get Free Report) last posted its earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 EPS for the quarter, beating the consensus estimate of $0.41 by $0.02. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%.The firm had revenue of $444.28 million for the quarter, compared to analyst estimates of $477.00 million. During the same quarter in the prior year, the company posted $0.48 earnings per share. Starwood Property Trust's revenue for the quarter was down 9.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Starwood Property Trust will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.48 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 9.8%. Starwood Property Trust's dividend payout ratio (DPR) is presently 176.15%.

About Starwood Property Trust

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.

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