Starwood Property Trust (NYSE:STWD) Price Target Cut to $20.00 by Analysts at JPMorgan Chase & Co.

Starwood Property Trust (NYSE:STWD) had its price target reduced by JPMorgan Chase & Co. from $20.50 to $20.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price target points to a potential upside of 2.51% from the stock’s previous close.

STWD has been the subject of several other research reports. Wells Fargo & Company boosted their price target on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $20.50 to $22.50 in a research note on Thursday, September 5th. BTIG Research reaffirmed a “buy” rating and set a $24.00 price objective on shares of Starwood Property Trust in a research report on Friday, July 19th. Finally, JMP Securities dropped their target price on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a report on Thursday. Three investment 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 data from MarketBeat, Starwood Property Trust presently has an average rating of “Moderate Buy” and a consensus target price of $22.38.

Starwood Property Trust Price Performance

NYSE:STWD traded up $0.11 during trading hours on Thursday, hitting $19.51. 1,221,333 shares of the stock were exchanged, compared to its average volume of 2,306,043. The company has a market cap of $6.18 billion, a P/E ratio of 17.95 and a beta of 1.70. The firm’s fifty day moving average price is $20.13 and its 200 day moving average price is $19.78. Starwood Property Trust has a 52-week low of $18.42 and a 52-week high of $22.29. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.80.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The firm had revenue of $489.80 million for the quarter, compared to analyst estimates of $505.23 million. During the same period in the previous year, the business posted $0.47 earnings per share. Starwood Property Trust’s quarterly revenue was down 5.0% on a year-over-year basis. As a group, equities research analysts anticipate that Starwood Property Trust will post 1.88 EPS for the current fiscal year.

Institutional Trading of Starwood Property Trust

A number of large investors have recently made changes to their positions in STWD. Allspring Global Investments Holdings LLC acquired a new position in Starwood Property Trust in the first quarter valued at $26,000. Altshuler Shaham Ltd acquired a new position in Starwood Property Trust in the 2nd quarter valued at about $28,000. Future Financial Wealth Managment LLC purchased a new stake in Starwood Property Trust during the 3rd quarter valued at approximately $34,000. Quarry LP acquired a new stake in Starwood Property Trust during the 2nd quarter worth approximately $36,000. Finally, Godsey & Gibb Inc. purchased a new position in shares of Starwood Property Trust in the 3rd quarter valued at approximately $41,000. 49.82% of the stock is owned by institutional investors and hedge funds.

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.