Starwood Property Trust, Inc. (NYSE:STWD) Receives $22.21 Average Price Target from Analysts

Shares of Starwood Property Trust, Inc. (NYSE:STWD) have received a consensus recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, MarketBeat.com reports. Two equities 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. The average 1 year price objective among brokerages that have updated their coverage on the stock in the last year is $22.21.

Several research firms have commented on STWD. Keefe, Bruyette & Woods decreased their price objective on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, January 14th. JPMorgan Chase & Co. reduced their target price 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.

Institutional Investors Weigh In On Starwood Property Trust

A number of hedge funds have recently modified their holdings of STWD. Wealth Quarterback LLC raised its stake in Starwood Property Trust by 3.6% in the 4th quarter. Wealth Quarterback LLC now owns 14,817 shares of the real estate investment trust’s stock valued at $281,000 after acquiring an additional 518 shares during the period. Hennion & Walsh Asset Management Inc. increased its stake in shares of Starwood Property Trust by 1.7% in the fourth quarter. Hennion & Walsh Asset Management Inc. now owns 34,528 shares of the real estate investment trust’s stock worth $654,000 after purchasing an additional 571 shares in the last quarter. Register Financial Advisors LLC raised its position in shares of Starwood Property Trust by 1.4% in the fourth quarter. Register Financial Advisors LLC now owns 44,329 shares of the real estate investment trust’s stock valued at $840,000 after purchasing an additional 604 shares during the period. UMB Bank n.a. lifted its stake in shares of Starwood Property Trust by 69.7% during the 4th quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 717 shares in the last quarter. Finally, Brooklyn Investment Group boosted its holdings in Starwood Property Trust by 86.1% in the 4th quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock worth $30,000 after buying an additional 730 shares during the period. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $18.20 on Friday. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. The firm has a 50-day moving average of $19.80 and a 200-day moving average of $19.78. Starwood Property Trust has a one year low of $18.08 and a one year high of $21.17. The company has a market cap of $6.15 billion, a P/E ratio of 15.56 and a beta of 1.68.

Starwood Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Monday, March 31st will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.55%. The ex-dividend date of this dividend is Monday, March 31st. Starwood Property Trust’s dividend payout ratio is currently 174.55%.

Starwood Property Trust Company Profile

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.