Keefe, Bruyette & Woods Lowers Starwood Property Trust (NYSE:STWD) Price Target to $21.00

Starwood Property Trust (NYSE:STWD - Free Report) had its price target lowered by Keefe, Bruyette & Woods from $22.00 to $21.00 in a research report sent to investors on Monday,Benzinga reports. The firm currently has an outperform rating on the real estate investment trust's stock.

Separately, JPMorgan Chase & Co. decreased their price objective on Starwood Property Trust from $20.00 to $19.50 and set an "overweight" rating for the company in a report on Tuesday, January 21st. Two equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Starwood Property Trust currently has an average rating of "Moderate Buy" and a consensus price target of $22.07.

Starwood Property Trust Stock Up 1.4 %

Shares of Starwood Property Trust stock traded up $0.25 on Monday, reaching $17.84. The company's stock had a trading volume of 4,773,173 shares, compared to its average volume of 2,424,253. The firm's fifty day simple moving average is $19.59 and its two-hundred day simple moving average is $19.63. Starwood Property Trust has a 52 week low of $16.59 and a 52 week high of $21.17. The company has a market capitalization of $6.02 billion, a price-to-earnings ratio of 15.25 and a beta of 1.34. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61.

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Starwood Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.76%. The ex-dividend date of this dividend is Monday, March 31st. Starwood Property Trust's payout ratio is 174.55%.

Institutional Trading of Starwood Property Trust

Institutional investors have recently made changes to their positions in the business. FMR LLC raised its holdings in Starwood Property Trust by 6.4% in the 3rd quarter. FMR LLC now owns 41,781 shares of the real estate investment trust's stock valued at $851,000 after buying an additional 2,503 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of Starwood Property Trust by 18.8% in the 3rd quarter. Captrust Financial Advisors now owns 13,134 shares of the real estate investment trust's stock worth $268,000 after purchasing an additional 2,075 shares during the period. Verition Fund Management LLC bought a new stake in shares of Starwood Property Trust in the third quarter valued at approximately $877,000. IHT Wealth Management LLC purchased a new position in Starwood Property Trust during the 3rd quarter valued at about $280,000. Finally, Point72 Asset Management L.P. increased its holdings in shares of Starwood Property Trust by 117.0% in the third quarter. Point72 Asset Management L.P. now owns 12,770 shares of the real estate investment trust's stock worth $260,000 after purchasing an additional 87,770 shares during the period. 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.