Analysts Set Starwood Property Trust, Inc. (NYSE:STWD) Target Price at $22.21

Starwood Property Trust, Inc. (NYSE:STWD) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $22.21.

STWD has been the topic of several research reports. Keefe, Bruyette & Woods lowered their price objective on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. JPMorgan Chase & Co. dropped their price target on Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating on the stock in a research report on Tuesday, January 21st.

Starwood Property Trust Trading Down 0.3 %

Shares of Starwood Property Trust stock opened at $19.79 on Friday. The firm has a market cap of $6.68 billion, a PE ratio of 16.92 and a beta of 1.68. Starwood Property Trust has a 1 year low of $18.12 and a 1 year high of $21.17. 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 stock has a fifty day moving average price of $19.79 and a 200-day moving average price of $19.80.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Monday, March 31st will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, March 31st. This represents a $1.92 dividend on an annualized basis and a yield of 9.70%. Starwood Property Trust’s dividend payout ratio (DPR) is 174.55%.

Hedge Funds Weigh In On Starwood Property Trust

Several hedge funds have recently bought and sold shares of STWD. Vanguard Group Inc. raised its holdings in shares of Starwood Property Trust by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust’s stock valued at $586,375,000 after acquiring an additional 377,939 shares in the last quarter. Geode Capital Management LLC raised its stake in Starwood Property Trust by 8.1% in the third quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust’s stock valued at $108,960,000 after purchasing an additional 399,672 shares in the last quarter. Northern Trust Corp lifted its position in Starwood Property Trust by 16.2% during the fourth quarter. Northern Trust Corp now owns 5,287,030 shares of the real estate investment trust’s stock valued at $100,189,000 after purchasing an additional 736,699 shares during the last quarter. Norges Bank purchased a new position in Starwood Property Trust in the 4th quarter worth approximately $63,044,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Starwood Property Trust by 0.4% in the 4th quarter. Bank of New York Mellon Corp now owns 2,669,827 shares of the real estate investment trust’s stock worth $50,593,000 after buying an additional 10,979 shares during the last quarter. Hedge funds and other institutional investors 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.