Starwood Property Trust (NYSE:STWD) Stock Rating Upgraded by Keefe, Bruyette & Woods

Starwood Property Trust (NYSE:STWD) was upgraded by investment analysts at Keefe, Bruyette & Woods from a “market perform” rating to an “outperform” rating in a research note issued to investors on Thursday, Marketbeat.com reports. The brokerage presently has a $22.50 price objective on the real estate investment trust’s stock, up from their prior price objective of $20.50. Keefe, Bruyette & Woods’ price objective would indicate a potential upside of 14.50% from the stock’s current price.

A number of other research analysts have also weighed in on the stock. JPMorgan Chase & Co. raised their price objective on shares of Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Wolfe Research began coverage on shares of Starwood Property Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating on the stock. BTIG Research reaffirmed a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a research note on Friday, July 19th. Finally, Raymond James dropped their price target on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $22.07.

Starwood Property Trust Trading Down 1.4 %

NYSE:STWD opened at $19.65 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.80. The stock has a market capitalization of $6.22 billion, a price-to-earnings ratio of 14.14 and a beta of 1.70. The firm has a fifty day simple moving average of $19.80 and a two-hundred day simple moving average of $19.73. Starwood Property Trust has a 12 month low of $17.07 and a 12 month high of $22.29.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The firm had revenue of $489.80 million for the quarter, compared to analyst estimates of $505.23 million. During the same period last year, the firm earned $0.47 earnings per share. The business’s quarterly revenue was down 5.0% compared to the same quarter last year. Analysts expect that Starwood Property Trust will post 1.89 EPS for the current fiscal year.

Institutional Trading of Starwood Property Trust

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its position in Starwood Property Trust by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 28,852,499 shares of the real estate investment trust’s stock worth $606,480,000 after acquiring an additional 72,461 shares during the period. Norges Bank bought a new stake in Starwood Property Trust in the fourth quarter worth about $62,447,000. Wells Fargo & Company MN raised its position in Starwood Property Trust by 2.7% in the fourth quarter. Wells Fargo & Company MN now owns 2,246,265 shares of the real estate investment trust’s stock worth $47,216,000 after acquiring an additional 58,836 shares during the period. Charles Schwab Investment Management Inc. raised its position in Starwood Property Trust by 2.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,929,579 shares of the real estate investment trust’s stock worth $40,560,000 after acquiring an additional 52,613 shares during the period. Finally, Van ECK Associates Corp raised its position in Starwood Property Trust by 9.5% in the first quarter. Van ECK Associates Corp now owns 1,250,425 shares of the real estate investment trust’s stock worth $25,421,000 after acquiring an additional 108,371 shares during the period. 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.