Starwood Property Trust (NYSE:STWD) Research Coverage Started at Wolfe Research

Analysts at Wolfe Research began coverage on shares of Starwood Property Trust (NYSE:STWD) in a research note issued on Tuesday, Marketbeat reports. The brokerage set a “peer perform” rating on the real estate investment trust’s stock.

A number of other research analysts also recently weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a research report on Wednesday, April 10th. Bank of America reaffirmed a “neutral” rating and issued a $21.50 target price (down previously from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. BTIG Research reduced their price target on 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. JPMorgan Chase & Co. lowered their price target on Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 10th. Finally, Raymond James dropped their price target on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. Five research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.88.

Starwood Property Trust Stock Performance

STWD stock opened at $19.49 on Tuesday. Starwood Property Trust has a 1-year low of $17.07 and a 1-year high of $22.29. The business’s 50-day moving average price is $19.48 and its two-hundred day moving average price is $20.06. The firm has a market cap of $6.16 billion, a PE ratio of 14.02 and a beta of 1.68. The company has a current ratio of 2.49, a quick ratio of 2.49 and a debt-to-equity ratio of 2.80.

Insiders Place Their Bets

In related news, President Jeffrey F. Dimodica sold 100,000 shares of Starwood Property Trust stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the completion of the transaction, the president now owns 1,226,673 shares of the company’s stock, valued at $24,876,928.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Starwood Property Trust

Several institutional investors have recently made changes to their positions in STWD. GAMMA Investing LLC acquired a new position in Starwood Property Trust during the 4th quarter valued at about $26,000. Allspring Global Investments Holdings LLC bought a new position in Starwood Property Trust during the 1st quarter valued at $26,000. ICA Group Wealth Management LLC purchased a new position in Starwood Property Trust during the 4th quarter worth $28,000. Cape Investment Advisory Inc. bought a new stake in shares of Starwood Property Trust in the 4th quarter worth $32,000. Finally, Core Wealth Advisors Inc. bought a new stake in shares of Starwood Property Trust in the 4th quarter worth $32,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

About Starwood Property Trust

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.