Starwood Property Trust (NYSE:STWD) Price Target Increased to $24.00 by Analysts at Wells Fargo & Company

Starwood Property Trust (NYSE:STWD) had its price target hoisted by analysts at Wells Fargo & Company from $22.00 to $24.00 in a report issued on Friday, Benzinga reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Wells Fargo & Company‘s price target would suggest a potential upside of 13.96% from the stock’s current price.

A number of other research analysts have also issued reports on the company. Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $20.50 to $22.50 in a report on Thursday, September 5th. JPMorgan Chase & Co. boosted their price objective on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Wolfe Research began coverage on shares of Starwood Property Trust in a report on Tuesday, June 25th. They set a “peer perform” rating for the company. Finally, BTIG Research reiterated a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a research note on Friday, July 19th. Four analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $22.36.

Starwood Property Trust Price Performance

Shares of STWD stock traded down $0.05 during trading hours on Friday, reaching $21.06. The company had a trading volume of 603,827 shares, compared to its average volume of 2,313,519. Starwood Property Trust has a 12-month low of $17.07 and a 12-month high of $22.29. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.84 and a current ratio of 1.84. The company has a market capitalization of $6.67 billion, a price-to-earnings ratio of 15.15 and a beta of 1.70. The stock has a fifty day moving average of $20.01 and a 200-day moving average of $19.75.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The company had revenue of $489.80 million for the quarter, compared to the consensus estimate of $505.23 million. During the same period in the previous year, the firm earned $0.47 earnings per share. Starwood Property Trust’s quarterly revenue was down 5.0% compared to the same quarter last year. On average, equities analysts anticipate that Starwood Property Trust will post 1.89 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Allspring Global Investments Holdings LLC purchased a new stake in Starwood Property Trust in the 1st quarter valued at about $26,000. ICA Group Wealth Management LLC purchased a new position in Starwood Property Trust in the fourth quarter valued at approximately $28,000. Altshuler Shaham Ltd acquired a new position in shares of Starwood Property Trust during the 2nd quarter valued at $28,000. Cape Investment Advisory Inc. purchased a new position in Starwood Property Trust in the fourth quarter valued at about $32,000. Finally, Core Wealth Advisors Inc. acquired a new stake in shares of Starwood Property Trust in the fourth quarter valued at about $32,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

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.