Shares of Starwood Property Trust, Inc. (NYSE:STWD) have been assigned an average rating of “Buy” from the nine brokerages that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and six have assigned a buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $24.00.
Several brokerages have recently commented on STWD. Zacks Investment Research downgraded Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Thursday. JPMorgan Chase & Co. began coverage on Starwood Property Trust in a research note on Friday, September 21st. They issued an “overweight” rating and a $23.00 price objective for the company. ValuEngine raised Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, July 28th. Finally, Credit Suisse Group increased their price objective on Starwood Property Trust from $24.00 to $25.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 21st.
Shares of Starwood Property Trust stock opened at $21.32 on Friday. The company has a market capitalization of $5.75 billion, a PE ratio of 9.87, a P/E/G ratio of 2.02 and a beta of 0.33. Starwood Property Trust has a 52 week low of $19.47 and a 52 week high of $23.04. The company has a debt-to-equity ratio of 1.82, a current ratio of 2.00 and a quick ratio of 2.00.
Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $0.54 EPS for the quarter, topping the consensus estimate of $0.53 by $0.01. The firm had revenue of $307.20 million during the quarter, compared to the consensus estimate of $257.88 million. Starwood Property Trust had a return on equity of 13.19% and a net margin of 39.03%. The company’s quarterly revenue was up 45.2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 earnings per share. On average, equities research analysts predict that Starwood Property Trust will post 2.13 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Stockholders of record on Friday, September 28th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.01%. The ex-dividend date of this dividend is Thursday, September 27th. Starwood Property Trust’s dividend payout ratio is presently 88.89%.
Several hedge funds have recently added to or reduced their stakes in the company. KAMES CAPITAL plc grew its holdings in shares of Starwood Property Trust by 4.7% in the third quarter. KAMES CAPITAL plc now owns 423,855 shares of the real estate investment trust’s stock valued at $9,126,000 after acquiring an additional 19,144 shares in the last quarter. Advisors Capital Management LLC grew its holdings in shares of Starwood Property Trust by 4.9% in the third quarter. Advisors Capital Management LLC now owns 524,708 shares of the real estate investment trust’s stock valued at $11,292,000 after acquiring an additional 24,525 shares in the last quarter. Fiduciary Financial Services of The Southwest Inc. TX grew its holdings in shares of Starwood Property Trust by 1.1% in the third quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 215,410 shares of the real estate investment trust’s stock valued at $4,636,000 after acquiring an additional 2,353 shares in the last quarter. Kovack Advisors Inc. grew its holdings in shares of Starwood Property Trust by 107.0% in the third quarter. Kovack Advisors Inc. now owns 37,747 shares of the real estate investment trust’s stock valued at $812,000 after acquiring an additional 19,511 shares in the last quarter. Finally, State of Alaska Department of Revenue grew its holdings in shares of Starwood Property Trust by 5.6% in the third quarter. State of Alaska Department of Revenue now owns 219,578 shares of the real estate investment trust’s stock valued at $4,725,000 after acquiring an additional 11,568 shares in the last quarter. 66.11% 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 Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
Further Reading: Why is the conference call important?
Receive News & Ratings for Starwood Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starwood Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.