Starwood Property Trust (NYSE:STWD) Price Target Cut to $15.50 by Analysts at JPMorgan Chase & Co.

Starwood Property Trust (NYSE:STWD) had its price objective reduced by JPMorgan Chase & Co. from $16.00 to $15.50 in a research note released on Wednesday morning,Benzinga reports. JPMorgan Chase & Co. currently has an overweight rating on the real estate investment trust’s stock.

A number of other brokerages have also recently weighed in on STWD. Citigroup reaffirmed a “market outperform” rating on shares of Starwood Property Trust in a research note on Monday, October 26th. Wells Fargo & Company set a $20.00 target price on Starwood Property Trust in a research note on Monday, August 17th. Weiss Ratings cut Starwood Property Trust from a “sell (d+)” rating to a “sell (d)” rating in a report on Monday. Wall Street Zen upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, November 7th. Finally, Keefe, Bruyette & Woods dropped their target price on Starwood Property Trust from $16.00 to $15.00 and set an “outperform” rating for the company in a research report on Wednesday, November 4th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $17.90.

Starwood Property Trust Stock Performance

Shares of STWD stock opened at $11.82 on Wednesday. The firm’s 50 day moving average price is $13.54 and its 200-day moving average price is $16.31. The company has a debt-to-equity ratio of 3.95, a quick ratio of 1.46 and a current ratio of 1.48. Starwood Property Trust has a one year low of $11.61 and a one year high of $18.66. The firm has a market cap of $4.30 billion, a P/E ratio of -17.39, a P/E/G ratio of 1.65 and a beta of 1.03.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Friday, November 6th. The real estate investment trust reported $0.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.27 by $0.04. Starwood Property Trust had a positive return on equity of 7.77% and a negative net margin of 11.35%. The company had revenue of $545.85 million for the quarter, compared to analyst estimates of $531.80 million. During the same quarter in the previous year, the company earned $0.40 earnings per share. The firm’s quarterly revenue was down 22.8% compared to the same quarter last year. As a group, equities research analysts predict that Starwood Property Trust will post 1.33 EPS for the current year.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a dividend of $0.48 per share. The ex-dividend date was Wednesday, September 30th. This represents a $1.92 annualized dividend and a yield of 16.2%. Starwood Property Trust’s dividend payout ratio is -282.35%.

Institutional Investors Weigh In On Starwood Property Trust

Hedge funds have recently bought and sold shares of the stock. Versant Capital Management Inc grew its position in shares of Starwood Property Trust by 293.2% during the second quarter. Versant Capital Management Inc now owns 1,954 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 1,457 shares in the last quarter. Orion Capital Management LLC acquired a new stake in Starwood Property Trust in the second quarter valued at approximately $33,000. Bullseye Investment Management LLC purchased a new position in Starwood Property Trust in the second quarter worth approximately $34,000. Northwestern Mutual Wealth Management Co. purchased a new position in Starwood Property Trust in the second quarter worth approximately $63,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Starwood Property Trust in the second quarter worth approximately $68,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

About Starwood Property Trust

Starwood Property Trust, Inc. is a real estate investment trust focused on commercial real estate finance and related investments. The company originates, acquires and manages commercial mortgage loans and other debt investments secured by commercial properties, and also invests in commercial real estate and infrastructure-related lending. Founded in 2009, Starwood Property Trust operates primarily in the United States and also conducts business in international markets, including Europe and Australia.