Starwood Property Trust, Inc. (NYSE:STWD) Receives Average Recommendation of “Moderate Buy” from Analysts

Shares of Starwood Property Trust, Inc. (NYSE:STWD) have been assigned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat reports. Four research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $21.71.

A number of research firms have commented on STWD. Raymond James reduced their price objective on Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research note on Thursday, May 16th. BTIG Research reissued a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a research note on Friday, July 19th. JPMorgan Chase & Co. increased their target price on Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods cut their target price on Starwood Property Trust from $20.50 to $20.00 and set a “market perform” rating on the stock in a research note on Wednesday, July 10th. Finally, Wolfe Research assumed coverage on Starwood Property Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating on the stock.

Starwood Property Trust Price Performance

Starwood Property Trust stock opened at $19.90 on Monday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.49 and a current ratio of 2.49. The firm has a market cap of $6.29 billion, a P/E ratio of 14.32 and a beta of 1.69. The business’s fifty day moving average is $19.40 and its two-hundred day moving average is $19.79. Starwood Property Trust has a 52 week low of $17.07 and a 52 week high of $22.29.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.65%. Starwood Property Trust’s payout ratio is presently 138.13%.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of STWD. BNP Paribas Financial Markets grew its stake in Starwood Property Trust by 615.8% in the fourth quarter. BNP Paribas Financial Markets now owns 149,339 shares of the real estate investment trust’s stock valued at $3,139,000 after purchasing an additional 128,477 shares in the last quarter. Brown Advisory Inc. grew its stake in Starwood Property Trust by 77.1% in the fourth quarter. Brown Advisory Inc. now owns 105,596 shares of the real estate investment trust’s stock valued at $2,220,000 after purchasing an additional 45,983 shares in the last quarter. Victory Capital Management Inc. grew its stake in Starwood Property Trust by 233.4% in the fourth quarter. Victory Capital Management Inc. now owns 180,403 shares of the real estate investment trust’s stock valued at $3,792,000 after purchasing an additional 126,298 shares in the last quarter. Cibc World Markets Corp bought a new position in Starwood Property Trust in the fourth quarter valued at approximately $2,091,000. Finally, International Assets Investment Management LLC grew its stake in Starwood Property Trust by 2,347.1% in the fourth quarter. International Assets Investment Management LLC now owns 270,406 shares of the real estate investment trust’s stock valued at $5,684,000 after purchasing an additional 259,356 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors.

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.