Starwood Property Trust (NYSE:STWD) Given New $20.00 Price Target at UBS Group

Starwood Property Trust (NYSE:STWD) had its target price lifted by UBS Group from $19.50 to $20.00 in a research report sent to investors on Friday morning,Benzinga reports. UBS Group currently has a neutral rating on the real estate investment trust’s stock.

A number of other analysts also recently issued reports on STWD. JMP Securities decreased their target price on Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a research report on Thursday, November 7th. Wells Fargo & Company lifted their price objective on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. JPMorgan Chase & Co. dropped their price objective on shares of Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a report on Thursday, November 7th. BTIG Research reiterated a “buy” rating and set a $24.00 target price on shares of Starwood Property Trust in a research report on Friday, July 19th. Finally, Keefe, Bruyette & Woods raised shares of 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. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Starwood Property Trust currently has an average rating of “Moderate Buy” and a consensus target price of $22.25.

Starwood Property Trust Stock Performance

STWD traded down $0.09 during trading on Friday, hitting $19.47. 2,307,464 shares of the company traded hands, compared to its average volume of 2,320,965. Starwood Property Trust has a one year low of $18.43 and a one year high of $22.29. The stock’s fifty day moving average is $20.01 and its 200 day moving average is $19.78. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61. The firm has a market cap of $6.56 billion, a P/E ratio of 16.64 and a beta of 1.70.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. During the same period in the prior year, the firm earned $0.46 EPS. The company’s revenue was down 8.1% compared to the same quarter last year. As a group, equities analysts predict that Starwood Property Trust will post 1.89 EPS for the current fiscal year.

Hedge Funds Weigh In On Starwood Property Trust

Several hedge funds have recently bought and sold shares of STWD. Geode Capital Management LLC grew its position in Starwood Property Trust by 8.1% during the third quarter. Geode Capital Management LLC now owns 5,345,000 shares of the real estate investment trust’s stock worth $108,960,000 after buying an additional 399,672 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Starwood Property Trust by 5.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 2,109,988 shares of the real estate investment trust’s stock worth $43,002,000 after purchasing an additional 116,182 shares in the last quarter. HighTower Advisors LLC increased its position in shares of Starwood Property Trust by 9.6% in the third quarter. HighTower Advisors LLC now owns 1,725,473 shares of the real estate investment trust’s stock worth $35,170,000 after purchasing an additional 150,576 shares during the last quarter. Van ECK Associates Corp increased its position in shares of Starwood Property Trust by 27.1% in the third quarter. Van ECK Associates Corp now owns 1,313,824 shares of the real estate investment trust’s stock worth $26,106,000 after purchasing an additional 279,793 shares during the last quarter. Finally, Raymond James & Associates raised its stake in Starwood Property Trust by 0.6% in the third quarter. Raymond James & Associates now owns 1,090,325 shares of the real estate investment trust’s stock valued at $22,221,000 after purchasing an additional 6,616 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Company Profile

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.