Starwood Property Trust Rating Reiterated by Deutsche Bank (STWD)
Starwood Property Trust (NASDAQ:STWD)‘s stock had its “buy” rating reaffirmed by equities researchers at Deutsche Bank in a research report issued on Thursday, ARN reports. They currently have a $25.50 price objective on the stock, down from their previous price objective of $26.25. Deutsche Bank’s price objective indicates a potential upside of 6.83% from the company’s current price.
Starwood Property Trust (NASDAQ:STWD) traded down 0.69% on Thursday, hitting $23.705. 1,807,421 shares of the company’s stock traded hands. Starwood Property Trust has a 52-week low of $18.3438 and a 52-week high of $24.7299. The stock has a 50-day moving average of $23.8 and a 200-day moving average of $21.5. The company has a market cap of $4.628 billion and a P/E ratio of 13.40.
Starwood Property Trust (NASDAQ:STWD) last released its earnings data on Wednesday, February 26th. The company reported $0.62 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.55 by $0.07. The company had revenue of $187.90 million for the quarter, compared to the consensus estimate of $50.75 million. During the same quarter last year, the company posted $0.48 earnings per share. Starwood Property Trust’s revenue was up 151.5% compared to the same quarter last year.
A number of other firms have also recently commented on STWD. Analysts at FBR Capital Markets cut their price target on shares of Starwood Property Trust from $33.00 to $27.00 in a research note on Thursday. Separately, analysts at Evercore Partners initiated coverage on shares of Starwood Property Trust in a research note on Friday, February 7th. They set an “overweight” rating on the stock. Finally, analysts at Compass Point initiated coverage on shares of Starwood Property Trust in a research note on Wednesday, January 22nd. They set a “buy” rating and a $34.50 price target on the stock. They noted that the move was a valuation call. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $29.92.
Starwood Property Trust, Inc, is a holding company and conducts its business through its subsidiaries.
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