Starwood Property Trust (NYSE:STWD) Price Target Cut to $19.50 by Analysts at JPMorgan Chase & Co.

Starwood Property Trust (NYSE:STWD) had its price objective reduced by JPMorgan Chase & Co. from $20.00 to $19.50 in a research note released on Tuesday,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the real estate investment trust’s stock.

Several other research analysts also recently commented on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. UBS Group increased their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. Finally, JMP Securities decreased their price target on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 7th. Three analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $22.13.

Starwood Property Trust Price Performance

STWD opened at $19.28 on Tuesday. The firm has a market cap of $6.50 billion, a P/E ratio of 16.47 and a beta of 1.69. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. Starwood Property Trust has a fifty-two week low of $18.12 and a fifty-two week high of $21.19. The firm has a 50-day moving average of $19.57 and a 200 day moving average of $19.83.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.43 by $0.05. The business had revenue of $479.50 million for the quarter, compared to the consensus estimate of $488.63 million. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. Starwood Property Trust’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.46 earnings per share. On average, research analysts expect that Starwood Property Trust will post 1.88 EPS for the current year.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.92 annualized dividend and a yield of 9.96%. Starwood Property Trust’s payout ratio is 164.10%.

Institutional Investors Weigh In On Starwood Property Trust

Large investors have recently made changes to their positions in the business. Albion Financial Group UT purchased a new position in Starwood Property Trust during the 4th quarter valued at $28,000. Brooklyn Investment Group boosted its holdings in shares of Starwood Property Trust by 86.1% during the 4th quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock valued at $30,000 after buying an additional 730 shares in the last quarter. UMB Bank n.a. increased its stake in shares of Starwood Property Trust by 69.7% during the fourth quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock valued at $33,000 after purchasing an additional 717 shares in the last quarter. Future Financial Wealth Managment LLC bought a new stake in Starwood Property Trust in the third quarter worth $34,000. Finally, Quarry LP purchased a new stake in Starwood Property Trust during the 2nd quarter valued at about $36,000. 49.82% of the stock is currently owned by institutional investors.

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.