Starwood Property Trust, Inc. (NYSE:STWD) Given Average Rating of “Moderate Buy” by Brokerages

Shares of Starwood Property Trust, Inc. (NYSE:STWD) have been assigned a consensus rating of “Moderate Buy” from the seven ratings firms that are covering the company, Marketbeat reports. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $19.70.

Several research firms have recently commented on STWD. Bank of America reissued a “neutral” rating and set a $19.00 price target on shares of Starwood Property Trust in a research note on Friday, March 6th. Zacks Research raised Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Wall Street Zen lowered Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday. Weiss Ratings cut Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Finally, JPMorgan Chase & Co. dropped their target price on Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of STWD. Argosy Lionbridge Management LLC lifted its holdings in shares of Starwood Property Trust by 286.1% during the 3rd quarter. Argosy Lionbridge Management LLC now owns 102,566 shares of the real estate investment trust’s stock valued at $1,987,000 after purchasing an additional 76,000 shares in the last quarter. GraniteShares Advisors LLC bought a new stake in Starwood Property Trust during the 4th quarter worth approximately $2,617,000. Blair William & Co. IL increased its stake in Starwood Property Trust by 36.6% during the 3rd quarter. Blair William & Co. IL now owns 647,024 shares of the real estate investment trust’s stock worth $12,533,000 after purchasing an additional 173,462 shares in the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in Starwood Property Trust during the 3rd quarter worth approximately $1,680,000. Finally, Geode Capital Management LLC raised its holdings in Starwood Property Trust by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust’s stock worth $115,453,000 after buying an additional 148,740 shares during the period. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Up 0.0%

Shares of NYSE STWD opened at $16.48 on Friday. The firm’s 50-day simple moving average is $17.19 and its 200 day simple moving average is $17.71. The company has a market cap of $6.11 billion, a price-to-earnings ratio of 17.17, a price-to-earnings-growth ratio of 2.17 and a beta of 0.98. The company has a quick ratio of 1.57, a current ratio of 1.57 and a debt-to-equity ratio of 3.31. Starwood Property Trust has a 12-month low of $16.29 and a 12-month high of $21.05.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). Starwood Property Trust had a net margin of 18.11% and a return on equity of 7.91%. The company had revenue of $205.55 million during the quarter, compared to analyst estimates of $496.25 million. During the same quarter in the previous year, the business posted $0.45 EPS. The company’s revenue was up 22.5% compared to the same quarter last year. On average, research analysts expect that Starwood Property Trust will post 1.55 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 11.6%. The ex-dividend date is Tuesday, June 30th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 200.00%.

About Starwood Property Trust

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.