UBS Group Forecasts Strong Price Appreciation for Starwood Property Trust (NYSE:STWD) Stock

Starwood Property Trust (NYSE:STWD) had its price target upped by UBS Group from $19.50 to $20.00 in a research report issued on Friday,Benzinga reports. The firm currently has a “neutral” rating on the real estate investment trust’s stock. UBS Group’s target price indicates a potential upside of 2.62% from the stock’s previous close.

A number of other research analysts also recently issued reports on STWD. BTIG Research reissued a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a research note on Friday, July 19th. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $20.50 to $22.50 in a research report on Thursday, September 5th. Wells Fargo & Company boosted their target price on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. decreased their price objective on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating for the company in a report on Thursday, November 7th. Finally, JMP Securities decreased their price objective on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $22.25.

Starwood Property Trust Stock Performance

Shares of STWD traded down $0.07 during mid-day trading on Friday, reaching $19.49. The company’s stock had a trading volume of 223,501 shares, compared to its average volume of 2,311,585. The stock has a market cap of $6.57 billion, a P/E ratio of 16.66 and a beta of 1.70. 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 business has a 50-day simple moving average of $20.01 and a two-hundred day simple moving average of $19.78.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The company had revenue of $479.50 million for the quarter, compared to analyst estimates of $488.63 million. During the same quarter last year, the company posted $0.46 EPS. The company’s revenue for the quarter was down 8.1% compared to the same quarter last year. As a group, equities research analysts anticipate that Starwood Property Trust will post 1.89 earnings per share for the current fiscal year.

Institutional Trading of Starwood Property Trust

Several large investors have recently modified their holdings of STWD. Charles Schwab Investment Management Inc. lifted its holdings in shares of Starwood Property Trust by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust’s stock valued at $43,002,000 after purchasing an additional 116,182 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Starwood Property Trust by 9.6% during the third quarter. HighTower Advisors LLC now owns 1,725,473 shares of the real estate investment trust’s stock valued at $35,170,000 after purchasing an additional 150,576 shares during the last quarter. Van ECK Associates Corp lifted its holdings in shares of Starwood Property Trust by 27.1% during the third quarter. Van ECK Associates Corp now owns 1,313,824 shares of the real estate investment trust’s stock valued at $26,106,000 after purchasing an additional 279,793 shares during the last quarter. Raymond James & Associates lifted its holdings in shares of Starwood Property Trust by 0.6% during the third quarter. Raymond James & Associates now owns 1,090,325 shares of the real estate investment trust’s stock valued at $22,221,000 after purchasing an additional 6,616 shares during the last quarter. Finally, Valley Wealth Managers Inc. lifted its holdings in shares of Starwood Property Trust by 30.3% during the third quarter. Valley Wealth Managers Inc. now owns 1,026,455 shares of the real estate investment trust’s stock valued at $20,919,000 after purchasing an additional 238,994 shares during the last quarter. 49.82% of the stock is owned by institutional investors.

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.