JPMorgan Chase & Co. Has Lowered Expectations for Starwood Property Trust (NYSE:STWD) Stock Price

Starwood Property Trust (NYSE:STWD) had its target price cut by analysts at JPMorgan Chase & Co. from $20.50 to $20.00 in a research note issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 2.70% from the stock’s current price.

Several other research analysts also recently issued reports on STWD. BTIG Research reiterated a “buy” rating and issued a $24.00 price target on shares of Starwood Property Trust in a research note on Friday, July 19th. Wells Fargo & Company increased 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. JMP Securities reduced their price target on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a report on Thursday. Finally, Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $20.50 to $22.50 in a report on Thursday, September 5th. Three equities research 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. According to MarketBeat, Starwood Property Trust has a consensus rating of “Moderate Buy” and a consensus price target of $22.38.

Starwood Property Trust Stock Performance

NYSE:STWD opened at $19.48 on Thursday. Starwood Property Trust has a twelve month low of $18.43 and a twelve month high of $22.29. The company has a quick ratio of 1.84, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The stock’s 50-day simple moving average is $20.08 and its 200 day simple moving average is $19.78. The firm has a market capitalization of $6.17 billion, a PE ratio of 16.65 and a beta of 1.70.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. The company had revenue of $489.80 million for the quarter, compared to analyst estimates of $505.23 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm’s revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.47 EPS. On average, analysts anticipate that Starwood Property Trust will post 1.88 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Stratos Wealth Advisors LLC grew its stake in Starwood Property Trust by 79.1% during the third quarter. Stratos Wealth Advisors LLC now owns 82,637 shares of the real estate investment trust’s stock worth $1,684,000 after purchasing an additional 36,493 shares during the period. Allspring Global Investments Holdings LLC bought a new stake in shares of Starwood Property Trust in the 1st quarter valued at $26,000. Van ECK Associates Corp lifted its position in shares of Starwood Property Trust by 27.1% during the 3rd 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 acquiring an additional 279,793 shares during the period. Cetera Investment Advisers boosted its stake in Starwood Property Trust by 70.0% during the first quarter. Cetera Investment Advisers now owns 334,893 shares of the real estate investment trust’s stock worth $6,808,000 after acquiring an additional 137,923 shares in the last quarter. Finally, Algert Global LLC acquired a new stake in Starwood Property Trust in the second quarter worth $568,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

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.