Starwood Property Trust (NYSE:STWD) Price Target Lowered to $23.00 at JMP Securities

Starwood Property Trust (NYSE:STWD) had its target price cut by JMP Securities from $24.00 to $23.00 in a research report report published on Thursday morning,Benzinga reports. They currently have a market outperform rating on the real estate investment trust’s stock.

A number of other research firms have also recently issued reports on STWD. Wells Fargo & Company boosted their price objective on Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, September 20th. JPMorgan Chase & Co. increased their target price on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. BTIG Research restated a “buy” rating and set a $24.00 target price on shares of Starwood Property Trust in a report on Friday, July 19th. Finally, 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 research note on Thursday, September 5th. Three equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $22.38.

Starwood Property Trust Trading Up 0.3 %

STWD stock traded up $0.05 during mid-day trading on Thursday, reaching $19.50. 1,952,002 shares of the stock traded hands, compared to its average volume of 2,314,452. The business has a 50-day moving average price of $20.10 and a two-hundred day moving average price of $19.78. The stock has a market capitalization of $6.18 billion, a PE ratio of 16.62 and a beta of 1.70. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.84 and a current ratio of 1.79. Starwood Property Trust has a one year low of $18.43 and a one year high of $22.29.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping analysts’ consensus estimates of $0.44 by $0.04. The company had revenue of $489.80 million for the quarter, compared to analyst estimates of $505.23 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS. Equities research analysts expect that Starwood Property Trust will post 1.88 EPS for the current year.

Institutional Trading of Starwood Property Trust

Several institutional investors have recently bought and sold shares of STWD. Segall Bryant & Hamill LLC acquired a new stake in Starwood Property Trust in the 3rd quarter valued at $265,000. Prospera Financial Services Inc lifted its stake in Starwood Property Trust by 8.7% in the 3rd quarter. Prospera Financial Services Inc now owns 15,848 shares of the real estate investment trust’s stock valued at $323,000 after buying an additional 1,267 shares in the last quarter. Aviance Capital Partners LLC increased its stake in Starwood Property Trust by 3.1% during the 3rd quarter. Aviance Capital Partners LLC now owns 90,550 shares of the real estate investment trust’s stock worth $1,845,000 after buying an additional 2,750 shares in the last quarter. Quest Partners LLC raised its stake in Starwood Property Trust by 128.7% in the 3rd quarter. Quest Partners LLC now owns 66,724 shares of the real estate investment trust’s stock valued at $1,360,000 after purchasing an additional 37,554 shares during the last quarter. Finally, Chesapeake Capital Corp IL lifted its holdings in Starwood Property Trust by 27.9% in the 3rd quarter. Chesapeake Capital Corp IL now owns 19,089 shares of the real estate investment trust’s stock valued at $397,000 after purchasing an additional 4,165 shares in the last quarter. 49.82% of the stock is 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.