Starwood Property Trust, Inc. (NYSE:STWD) Receives Average Rating of “Moderate Buy” from Analysts

Starwood Property Trust, Inc. (NYSE:STWD) has been given a consensus rating of “Moderate Buy” by the nine brokerages that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $21.88.

STWD has been the subject of a number of recent analyst reports. BTIG Research decreased their target price on shares of Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday, April 17th. Keefe, Bruyette & Woods lowered their price objective on shares of Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a research note on Wednesday, April 10th. JPMorgan Chase & Co. dropped their target price on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. Wolfe Research initiated coverage on Starwood Property Trust in a research note on Tuesday, June 25th. They set a “peer perform” rating for the company. Finally, Bank of America reissued a “neutral” rating and issued a $21.50 price objective (down previously from $22.50) on shares of Starwood Property Trust in a research note on Monday, March 4th.

Starwood Property Trust Trading Down 1.0 %

NYSE:STWD opened at $18.75 on Thursday. The stock has a market cap of $5.92 billion, a price-to-earnings ratio of 13.49 and a beta of 1.69. The company has a debt-to-equity ratio of 2.80, a quick ratio of 2.49 and a current ratio of 2.49. Starwood Property Trust has a 1 year low of $17.07 and a 1 year high of $22.29. The business has a fifty day moving average of $19.47 and a 200-day moving average of $20.00.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 15th. Stockholders of record on Friday, June 28th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.24%. The ex-dividend date is Thursday, June 27th. Starwood Property Trust’s dividend payout ratio is presently 138.13%.

Institutional Investors Weigh In On Starwood Property Trust

A number of institutional investors and hedge funds have recently modified their holdings of the stock. GAMMA Investing LLC purchased a new stake in shares of Starwood Property Trust in the 4th quarter valued at approximately $26,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Starwood Property Trust during the first quarter valued at $26,000. ICA Group Wealth Management LLC acquired a new position in Starwood Property Trust during the fourth quarter valued at $28,000. Cape Investment Advisory Inc. purchased a new stake in Starwood Property Trust in the 4th quarter worth about $32,000. Finally, Core Wealth Advisors Inc. acquired a new stake in Starwood Property Trust during the 4th quarter worth about $32,000. 49.82% of the stock is owned by institutional investors and hedge funds.

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.