Starwood Property Trust (NYSE:STWD - Get Free Report) had its price target upped by equities research analysts at JPMorgan Chase & Co. from $19.00 to $19.50 in a research report issued on Monday,Benzinga reports. The brokerage presently has an "overweight" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective would suggest a potential downside of 0.48% from the stock's current price.
Other analysts have also issued research reports about the stock. Keefe, Bruyette & Woods lowered their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 7th. UBS Group decreased their price objective on Starwood Property Trust from $19.50 to $19.00 and set a "neutral" rating for the company in a research note on Wednesday, April 16th. Two investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.93.
Read Our Latest Research Report on STWD
Starwood Property Trust Price Performance
Starwood Property Trust stock traded up $0.43 during mid-day trading on Monday, hitting $19.60. 1,514,646 shares of the company were exchanged, compared to its average volume of 2,446,242. The company has a market capitalization of $6.62 billion, a PE ratio of 16.73 and a beta of 1.26. The business has a fifty day moving average of $19.19 and a 200 day moving average of $19.47. Starwood Property Trust has a 1-year low of $16.59 and a 1-year high of $21.17. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61.
Starwood Property Trust (NYSE:STWD - Get Free Report) last released its quarterly earnings results on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The business had revenue of $418.18 million for the quarter, compared to analyst estimates of $469.00 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. During the same period in the prior year, the business earned $0.59 earnings per share. As a group, sell-side analysts expect that Starwood Property Trust will post 1.88 earnings per share for the current year.
Hedge Funds Weigh In On Starwood Property Trust
A number of hedge funds and other institutional investors have recently bought and sold shares of STWD. Vanguard Group Inc. raised its position in shares of Starwood Property Trust by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust's stock valued at $586,375,000 after purchasing an additional 377,939 shares during the period. Northern Trust Corp lifted its position in Starwood Property Trust by 16.2% during the fourth quarter. Northern Trust Corp now owns 5,287,030 shares of the real estate investment trust's stock worth $100,189,000 after acquiring an additional 736,699 shares during the last quarter. Norges Bank bought a new stake in shares of Starwood Property Trust during the fourth quarter worth approximately $63,044,000. Bank of New York Mellon Corp grew its position in shares of Starwood Property Trust by 0.4% in the fourth quarter. Bank of New York Mellon Corp now owns 2,669,827 shares of the real estate investment trust's stock valued at $50,593,000 after purchasing an additional 10,979 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of Starwood Property Trust during the fourth quarter worth approximately $48,841,000. Institutional investors own 49.82% of the company's stock.
Starwood Property Trust Company Profile
(
Get Free Report)
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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