Starwood Property Trust, Inc. (NYSE:STWD - Get Free Report) has been assigned an average recommendation of "Moderate Buy" from the nine brokerages that are currently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $22.25.
A number of analysts have recently issued reports on STWD shares. JMP Securities dropped 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. decreased their price target 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. UBS Group lifted their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a report on Friday, November 15th. Wells Fargo & Company increased their target price on Starwood Property Trust from $22.00 to $24.00 and gave the company an "outperform" rating in a research note on Friday, September 20th. Finally, Keefe, Bruyette & Woods raised Starwood Property Trust from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $20.50 to $22.50 in a research note on Thursday, September 5th.
Check Out Our Latest Analysis on Starwood Property Trust
Institutional Investors Weigh In On Starwood Property Trust
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in STWD. Artemis Investment Management LLP bought a new position in shares of Starwood Property Trust during the third quarter valued at about $9,580,000. International Assets Investment Management LLC increased its stake in shares of Starwood Property Trust by 2,414.3% during 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 period. Geode Capital Management LLC increased its stake in shares of Starwood Property Trust by 8.1% during the third quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust's stock valued at $108,960,000 after buying an additional 399,672 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Starwood Property Trust by 78.0% in the third 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 period. Finally, Lighthouse Investment Partners LLC bought a new stake in Starwood Property Trust in the second quarter valued at $5,455,000. 49.82% of the stock is currently owned by institutional investors.
Starwood Property Trust Price Performance
Shares of Starwood Property Trust stock traded down $0.11 on Thursday, reaching $19.06. The stock had a trading volume of 4,122,887 shares, compared to its average volume of 2,278,677. The business's 50 day moving average is $19.90 and its two-hundred day moving average is $19.83. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. Starwood Property Trust has a 1 year low of $18.43 and a 1 year high of $22.29. The company has a market cap of $6.43 billion, a P/E ratio of 16.29 and a beta of 1.69.
Starwood Property Trust (NYSE:STWD - Get Free Report) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.43 by $0.05. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The business had revenue of $479.50 million for the quarter, compared to analysts' expectations of $488.63 million. During the same period in the prior year, the company posted $0.46 EPS. The business's revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, research analysts anticipate that Starwood Property Trust will post 1.88 EPS for the current year.
About Starwood Property Trust
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Get Free ReportStarwood 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.
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