Keefe, Bruyette & Woods Lowers Starwood Property Trust (NYSE:STWD) Price Target to $22.00

Starwood Property Trust (NYSE:STWD) had its price objective decreased by equities researchers at Keefe, Bruyette & Woods from $22.50 to $22.00 in a report issued on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ target price suggests a potential upside of 16.22% from the company’s previous close.

STWD has been the subject of a number of other reports. UBS Group lifted their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. JPMorgan Chase & Co. lowered their target price on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. JMP Securities cut their price target on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research note on Thursday, November 7th. Finally, Wells Fargo & Company increased their price target on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $22.19.

Starwood Property Trust Stock Performance

Shares of STWD stock traded up $0.36 during trading hours on Tuesday, reaching $18.93. 878,599 shares of the company’s stock were exchanged, compared to its average volume of 2,213,259. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.79 and a quick ratio of 1.79. The company’s 50 day moving average is $19.60 and its two-hundred day moving average is $19.82. The company has a market cap of $6.38 billion, a P/E ratio of 16.18 and a beta of 1.69. Starwood Property Trust has a 1 year low of $18.12 and a 1 year high of $21.19.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping the consensus estimate of $0.43 by $0.05. The company had revenue of $479.50 million for the quarter, compared to analyst estimates of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The business’s revenue was down 8.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.46 EPS. Equities research analysts anticipate that Starwood Property Trust will post 1.88 EPS for the current fiscal year.

Institutional Trading of Starwood Property Trust

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Choreo LLC purchased a new stake in shares of Starwood Property Trust in the second quarter valued at $328,000. Parallel Advisors LLC grew its holdings in Starwood Property Trust by 18.4% in the 2nd quarter. Parallel Advisors LLC now owns 42,690 shares of the real estate investment trust’s stock valued at $809,000 after buying an additional 6,646 shares during the period. Envestnet Asset Management Inc. grew its holdings in Starwood Property Trust by 6.4% in the 2nd quarter. Envestnet Asset Management Inc. now owns 316,834 shares of the real estate investment trust’s stock valued at $6,001,000 after buying an additional 19,031 shares during the period. Sargent Investment Group LLC lifted its holdings in shares of Starwood Property Trust by 9.7% during the 2nd quarter. Sargent Investment Group LLC now owns 197,510 shares of the real estate investment trust’s stock worth $3,741,000 after acquiring an additional 17,426 shares during the period. Finally, Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Starwood Property Trust by 10.7% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 34,948 shares of the real estate investment trust’s stock worth $658,000 after acquiring an additional 3,366 shares during the period. 49.82% of the stock is owned by hedge funds and other 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.