JMP Securities Issues Pessimistic Forecast for Starwood Property Trust (NYSE:STWD) Stock Price

Starwood Property Trust (NYSE:STWD) had its target price cut by JMP Securities from $24.00 to $23.00 in a research note released on Thursday morning,Benzinga reports. They currently have a market outperform rating on the real estate investment trust’s stock.

A number of other brokerages have also recently commented on STWD. Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and raised their target price for the company from $20.50 to $22.50 in a report on Thursday, September 5th. BTIG Research restated a “buy” rating and issued a $24.00 price target on shares of Starwood Property Trust in a research note on Friday, July 19th. Wells Fargo & Company boosted their target price on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, September 20th. Finally, JPMorgan Chase & Co. increased their price target on Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. Three equities research 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 stock. According to data from MarketBeat.com, Starwood Property Trust presently has an average rating of “Moderate Buy” and a consensus price target of $22.38.

Starwood Property Trust Trading Up 0.3 %

NYSE:STWD traded up $0.05 on Thursday, hitting $19.50. The stock had a trading volume of 1,952,002 shares, compared to its average volume of 2,314,452. The stock has a market cap of $6.18 billion, a price-to-earnings ratio of 16.62 and a beta of 1.70. Starwood Property Trust has a 1-year low of $18.43 and a 1-year high of $22.29. The company has a quick ratio of 1.84, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The company has a fifty day moving average price of $20.10 and a two-hundred day moving average price of $19.78.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The company had revenue of $489.80 million during the quarter, compared to analyst estimates of $505.23 million. During the same quarter last year, the firm posted $0.47 earnings per share. Starwood Property Trust’s revenue was down 5.0% compared to the same quarter last year. Equities research analysts expect that Starwood Property Trust will post 1.88 earnings per share for the current fiscal year.

Institutional Trading of Starwood Property Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in STWD. Allspring Global Investments Holdings LLC acquired a new stake in shares of Starwood Property Trust in the 1st quarter valued at about $26,000. Altshuler Shaham Ltd purchased a new position in shares of Starwood Property Trust during the second quarter worth approximately $28,000. Future Financial Wealth Managment LLC acquired a new position in shares of Starwood Property Trust in the 3rd quarter valued at $34,000. Quarry LP purchased a new stake in Starwood Property Trust in the 2nd quarter valued at $36,000. Finally, Godsey & Gibb Inc. acquired a new stake in Starwood Property Trust during the 3rd quarter worth $41,000. Institutional investors and hedge funds 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.