Starwood Property Trust (NYSE:STWD) Shares Gap Down - Here's What Happened

Starwood Property Trust, Inc. (NYSE:STWD - Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $20.85, but opened at $20.09. Starwood Property Trust shares last traded at $19.86, with a volume of 10,825,967 shares trading hands.

Wall Street Analysts Forecast Growth

STWD has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. raised 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. Keefe, Bruyette & Woods raised 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. Finally, UBS Group raised their price objective 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.70.

Starwood Property Trust Price Performance

The firm has a market cap of $6.76 billion, a P/E ratio of 20.85 and a beta of 1.24. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.73. The business has a 50-day moving average of $20.17 and a two-hundred day moving average of $19.62.

Starwood Property Trust (NYSE:STWD - Get Free Report) last announced its earnings results on Friday, May 9th. The real estate investment trust reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $418.18 million for the quarter, compared to analyst estimates of $469.00 million. Starwood Property Trust had a return on equity of 8.87% and a net margin of 17.26%. During the same period in the previous year, the firm posted $0.59 earnings per share. On average, sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders 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 9.71%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust's dividend payout ratio (DPR) is presently 202.11%.

Institutional Trading of Starwood Property Trust

A number of institutional investors and hedge funds have recently modified their holdings of the business. Kingstone Capital Partners Texas LLC bought a new position in Starwood Property Trust during the second quarter valued at $765,811,000. Vanguard Group Inc. boosted its stake in Starwood Property Trust by 1.2% during 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 buying an additional 377,939 shares during the period. Northern Trust Corp lifted its stake in Starwood Property Trust by 3.6% during the first quarter. Northern Trust Corp now owns 5,479,313 shares of the real estate investment trust's stock worth $108,326,000 after purchasing an additional 192,283 shares during the last quarter. Norges Bank bought a new stake in Starwood Property Trust during the fourth quarter worth about $63,044,000. Finally, Raymond James Financial Inc. lifted its stake in shares of Starwood Property Trust by 5.5% in the 1st quarter. Raymond James Financial Inc. now owns 2,719,027 shares of the real estate investment trust's stock valued at $53,755,000 after acquiring an additional 141,689 shares during the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Company Profile

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.