Keefe, Bruyette & Woods Cuts Starwood Property Trust (NYSE:STWD) Price Target to $22.00

Starwood Property Trust (NYSE:STWD - Free Report) had its price objective reduced by Keefe, Bruyette & Woods from $22.50 to $22.00 in a research note published on Tuesday,Benzinga reports. They currently have an outperform rating on the real estate investment trust's stock.

STWD has been the subject of several other reports. UBS Group upped their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research report on Friday, November 15th. JMP Securities reduced their price target on Starwood Property Trust from $24.00 to $23.00 and set a "market outperform" rating for the company in a research report on Thursday, November 7th. JPMorgan Chase & Co. lowered their price objective on shares of Starwood Property Trust from $20.50 to $20.00 and set an "overweight" rating on the stock in a report on Thursday, November 7th. Finally, Wells Fargo & Company increased their target price on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an "outperform" rating in a report on Friday, September 20th. Three research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $22.19.

Starwood Property Trust Stock Up 2.2 %

STWD stock traded up $0.41 during mid-day trading on Tuesday, hitting $18.98. 2,626,529 shares of the company were exchanged, compared to its average volume of 2,441,602. The firm has a market cap of $6.40 billion, a P/E ratio of 16.22 and a beta of 1.69. Starwood Property Trust has a 1-year low of $18.12 and a 1-year high of $21.19. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. The firm's 50 day simple moving average is $19.60 and its 200 day simple moving average is $19.82.

Starwood Property Trust (NYSE:STWD - Get Free Report) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. The business had revenue of $479.50 million for the quarter, compared to analysts' expectations of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm's revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.46 EPS. On average, sell-side analysts predict that Starwood Property Trust will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 10.12%. The ex-dividend date is Tuesday, December 31st. Starwood Property Trust's dividend payout ratio (DPR) is currently 164.10%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the company. Artemis Investment Management LLP acquired a new stake in Starwood Property Trust in the 3rd quarter valued at about $9,580,000. International Assets Investment Management LLC lifted its position in shares of Starwood Property Trust by 2,414.3% in the third quarter. International Assets Investment Management LLC now owns 476,586 shares of the real estate investment trust's stock valued at $9,713,000 after buying an additional 457,631 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Starwood Property Trust by 8.1% during the 3rd quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust's stock worth $108,960,000 after acquiring an additional 399,672 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of Starwood Property Trust by 78.0% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 891,734 shares of the real estate investment trust's stock worth $18,174,000 after acquiring an additional 390,787 shares during the last quarter. Finally, Lighthouse Investment Partners LLC bought a new stake in Starwood Property Trust in the 2nd quarter valued at $5,455,000. Institutional investors own 49.82% of the company's stock.

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.