Starwood Property Trust (NYSE:STWD) Price Target Cut to $18.50 by Analysts at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered Starwood Property Trust’s price target to $18.50 from $19.00 while maintaining an “overweight” rating, implying approximately 14.37% upside from the stock’s $16.18 price.
• Analyst sentiment remains positive overall: four analysts rate STWD a Buy and three rate it a Hold, producing a “Moderate Buy” consensus rating and an average price target of $19.20.
• Starwood Property Trust’s latest quarterly earnings matched estimates at $0.40 per share, while revenue rose 15.6% year over year; institutional investors own nearly 50% of the company’s shares.

Starwood Property Trust (NYSE:STWD - Get Free Report) had its price target dropped by investment analysts at JPMorgan Chase & Co. from $19.00 to $18.50 in a research note issued on Tuesday,Benzinga reports. The firm currently has an "overweight" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 14.37% from the stock's current price.

Other equities research analysts have also recently issued research reports about the company. Keefe, Bruyette & Woods lowered their price target on Starwood Property Trust from $19.00 to $18.50 and set an "outperform" rating for the company in a research note on Friday, August 7th. UBS Group initiated coverage on shares of Starwood Property Trust in a research report on Tuesday, June 2nd. They set a "buy" rating and a $20.00 price objective on the stock. Wells Fargo & Company set a $20.00 target price on shares of Starwood Property Trust in a research note on Monday. Zacks Research raised shares of Starwood Property Trust from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 25th. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Starwood Property Trust in a research report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $19.20.

Starwood Property Trust Stock Down 0.4%

Shares of NYSE:STWD traded down $0.07 during midday trading on Tuesday, hitting $16.18. 686,589 shares of the stock were exchanged, compared to its average volume of 3,542,089. The company has a market capitalization of $5.99 billion, a PE ratio of 27.43, a P/E/G ratio of 2.20 and a beta of 0.98. Starwood Property Trust has a 52-week low of $15.51 and a 52-week high of $20.84. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.46 and a current ratio of 1.46. The business's fifty day simple moving average is $16.58 and its two-hundred day simple moving average is $17.30.

Starwood Property Trust (NYSE:STWD - Get Free Report) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 EPS for the quarter, meeting analysts' consensus estimates of $0.40. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.The firm had revenue of $201.42 million for the quarter, compared to the consensus estimate of $521.67 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The business's quarterly revenue was up 15.6% compared to the same quarter last year. As a group, research analysts predict that Starwood Property Trust will post 1.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of STWD. Quantum Portfolio Management LLC lifted its position in Starwood Property Trust by 882,760.9% during the 1st quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust's stock worth $1,931,676,000 after acquiring an additional 112,163,596 shares during the last quarter. BlackRock Inc. bought a new position in shares of Starwood Property Trust in the second quarter worth about $589,366,000. Geode Capital Management LLC lifted its position in shares of Starwood Property Trust by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust's stock worth $115,453,000 after purchasing an additional 148,740 shares during the last quarter. Northern Trust Corp boosted its stake in Starwood Property Trust by 1.2% during the 3rd quarter. Northern Trust Corp now owns 5,387,358 shares of the real estate investment trust's stock valued at $104,353,000 after purchasing an additional 64,178 shares during the period. Finally, Advisors Capital Management LLC bought a new stake in Starwood Property Trust during the 2nd quarter valued at approximately $70,121,000. Institutional investors own 49.82% of the company's stock.

Starwood Property Trust Company Profile

Starwood Property Trust NYSE: STWD is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company's portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.

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