Starwood Property Trust, Inc. (NYSE:STWD) Receives $21.70 Consensus PT from Brokerages

Key Points

• Starwood Property Trust, Inc. has received a consensus rating of "Moderate Buy" from five brokerages, with an average twelve-month target price of $21.70.
• The company recently reported earnings of $0.45 per share for the quarter, slightly missing analysts' expectations, while also declaring a quarterly dividend of $0.48, yielding about 9.7%.
• Institutional investors own approximately 49.82% of Starwood Property Trust's stock, indicating strong interest from larger financial entities.

Shares of Starwood Property Trust, Inc. (NYSE:STWD - Get Free Report) have been assigned a consensus recommendation of "Moderate Buy" from the five research firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $21.70.

Several brokerages have recently issued reports on STWD. UBS Group lifted their price target on Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods increased their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price objective on Starwood Property Trust from $19.00 to $19.50 and gave the company an "overweight" rating in a research report on Monday, May 12th. Finally, Wall Street Zen upgraded Starwood Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday.

Starwood Property Trust Stock Up 0.6%

STWD traded up $0.12 during trading hours on Friday, reaching $20.02. 1,142,606 shares of the stock traded hands, compared to its average volume of 2,909,599. The firm's fifty day simple moving average is $20.14 and its two-hundred day simple moving average is $19.69. The company has a market cap of $7.35 billion, a price-to-earnings ratio of 18.36 and a beta of 1.26. Starwood Property Trust has a fifty-two week low of $16.59 and a fifty-two week high of $21.17. 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 (NYSE:STWD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.43 EPS for the quarter, topping analysts' consensus estimates of $0.41 by $0.02. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The firm had revenue of $444.28 million during the quarter, compared to the consensus estimate of $477.00 million. During the same quarter in the previous year, the company posted $0.48 earnings per share. The firm's revenue was down 9.3% on a year-over-year basis. As a group, analysts forecast that Starwood Property Trust will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.6%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust's payout ratio is 176.15%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in STWD. Alpine Bank Wealth Management bought a new stake in shares of Starwood Property Trust during the first quarter worth about $25,000. Meeder Asset Management Inc. bought a new position in Starwood Property Trust in the 1st quarter worth approximately $25,000. PSI Advisors LLC bought a new stake in Starwood Property Trust during the 1st quarter worth approximately $28,000. SVB Wealth LLC bought a new stake in Starwood Property Trust during the first quarter valued at approximately $30,000. Finally, Quarry LP bought a new stake in Starwood Property Trust during the fourth quarter valued at approximately $31,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

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.