Starwood Property Trust, Inc. (NYSE:STWD - Get Free Report) shares gapped down prior to trading 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 traded.
Analyst Ratings Changes
A number of research firms recently issued reports on STWD. JPMorgan Chase & Co. upped their target price on Starwood Property Trust from $19.00 to $19.50 and gave the company an "overweight" rating in a research note on Monday, May 12th. UBS Group upped their target price on Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research note on Tuesday. Finally, Keefe, Bruyette & Woods increased their price target on Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $22.08.
Get Our Latest Stock Report on STWD
Starwood Property Trust Price Performance
The company has a market cap of $6.70 billion, a P/E ratio of 20.77 and a beta of 1.24. The company has a fifty day simple moving average of $20.14 and a 200-day simple moving average of $19.60. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.74 and a quick ratio of 1.74.
Starwood Property Trust (NYSE:STWD - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). Starwood Property Trust had a return on equity of 8.87% and a net margin of 17.26%. The firm had revenue of $418.18 million for the quarter, compared to analysts' expectations of $469.00 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. On average, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.
Starwood Property Trust Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 annualized dividend and a yield of 9.73%. Starwood Property Trust's dividend payout ratio (DPR) is currently 202.11%.
Hedge Funds Weigh In On Starwood Property Trust
Institutional investors have recently bought and sold shares of the stock. Global Trust Asset Management LLC lifted its position in Starwood Property Trust by 41.1% during the 2nd quarter. Global Trust Asset Management LLC now owns 4,975 shares of the real estate investment trust's stock worth $100,000 after acquiring an additional 1,450 shares during the last quarter. Register Financial Advisors LLC lifted its position in Starwood Property Trust by 58.4% during the 2nd quarter. Register Financial Advisors LLC now owns 66,191 shares of the real estate investment trust's stock worth $1,328,000 after acquiring an additional 24,416 shares during the last quarter. Peddock Capital Advisors LLC acquired a new position in Starwood Property Trust during the 2nd quarter worth $254,000. Public Employees Retirement System of Ohio lifted its position in Starwood Property Trust by 0.7% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 106,162 shares of the real estate investment trust's stock worth $2,131,000 after acquiring an additional 723 shares during the last quarter. Finally, AM Investment Strategies LLC lifted its position in Starwood Property Trust by 25.6% during the 2nd quarter. AM Investment Strategies LLC now owns 72,726 shares of the real estate investment trust's stock worth $1,459,000 after acquiring an additional 14,825 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors.
About Starwood Property Trust
(
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.
Further Reading
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