Brokerages Set Starwood Property Trust, Inc. (NYSE:STWD) Target Price at $22.36

Shares of Starwood Property Trust, Inc. (NYSE:STWD) have been assigned a consensus recommendation of “Moderate Buy” from the eight analysts that are currently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $22.36.

A number of analysts have recently commented on STWD shares. Wells Fargo & Company lifted their target price on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. boosted their price target on Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. BTIG Research restated a “buy” rating and issued a $24.00 price target on shares of Starwood Property Trust in a research report on Friday, July 19th. Finally, Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $20.50 to $22.50 in a research report on Thursday, September 5th.

Starwood Property Trust Stock Down 0.1 %

STWD opened at $19.67 on Wednesday. The business’s 50-day simple moving average is $20.17 and its 200-day simple moving average is $19.78. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.84 and a current ratio of 1.84. Starwood Property Trust has a one year low of $18.42 and a one year high of $22.29. The stock has a market capitalization of $6.23 billion, a P/E ratio of 18.06 and a beta of 1.70.

Starwood Property Trust (NYSE:STWD) last posted 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 return on equity of 10.03% and a net margin of 17.05%. The business had revenue of $489.80 million for the quarter, compared to analysts’ expectations of $505.23 million. During the same quarter in the previous year, the firm earned $0.47 earnings per share. The business’s revenue was down 5.0% compared to the same quarter last year. Analysts anticipate that Starwood Property Trust will post 1.88 EPS for the current year.

Hedge Funds Weigh In On Starwood Property Trust

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Oppenheimer & Co. Inc. increased its position in Starwood Property Trust by 47.9% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 84,700 shares of the real estate investment trust’s stock worth $1,726,000 after purchasing an additional 27,431 shares during the period. Aigen Investment Management LP increased its position in Starwood Property Trust by 11.6% during the 3rd quarter. Aigen Investment Management LP now owns 47,693 shares of the real estate investment trust’s stock worth $972,000 after purchasing an additional 4,968 shares during the period. Prime Capital Investment Advisors LLC increased its position in Starwood Property Trust by 11.9% during the 3rd quarter. Prime Capital Investment Advisors LLC now owns 14,468 shares of the real estate investment trust’s stock worth $295,000 after purchasing an additional 1,537 shares during the period. Entropy Technologies LP acquired a new position in Starwood Property Trust during the 3rd quarter worth approximately $233,000. Finally, Apollon Wealth Management LLC boosted its stake in shares of Starwood Property Trust by 7.6% during the 3rd quarter. Apollon Wealth Management LLC now owns 71,544 shares of the real estate investment trust’s stock worth $1,458,000 after acquiring an additional 5,052 shares in the last quarter. 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.