Keefe, Bruyette & Woods Has Lowered Expectations for Starwood Property Trust (NYSE:STWD) Stock Price

Starwood Property Trust (NYSE:STWD) had its target price dropped by Keefe, Bruyette & Woods from $18.50 to $16.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “outperform” rating on the real estate investment trust’s stock. Keefe, Bruyette & Woods’ price objective indicates a potential upside of 25.74% from the company’s current price.

Several other analysts have also commented on STWD. JPMorgan Chase & Co. dropped their target price on Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a report on Tuesday, August 18th. Wall Street Zen lowered Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Starwood Property Trust in a research note on Friday, August 7th. Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Citigroup reissued a “market outperform” rating on shares of Starwood Property Trust in a report on Thursday, September 24th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $18.70.

Starwood Property Trust Stock Performance

NYSE:STWD traded down $0.03 during mid-day trading on Friday, hitting $12.72. The company’s stock had a trading volume of 2,281,543 shares, compared to its average volume of 3,814,687. Starwood Property Trust has a 1 year low of $12.42 and a 1 year high of $19.06. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.46 and a quick ratio of 1.46. The stock has a market cap of $4.71 billion, a price-to-earnings ratio of 21.59, a PEG ratio of 1.67 and a beta of 1.01. The business’s fifty day moving average is $15.37 and its two-hundred day moving average is $16.54.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The company had revenue of $201.42 million for the quarter, compared to the consensus estimate of $521.67 million. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.The firm’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period last year, the firm earned $0.43 EPS. Analysts anticipate that Starwood Property Trust will post 1.4 EPS for the current fiscal year.

Institutional Trading of Starwood Property Trust

Several institutional investors have recently modified their holdings of STWD. Versant Capital Management Inc increased its stake 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 purchasing an additional 1,457 shares in the last quarter. Orion Capital Management LLC purchased a new stake in Starwood Property Trust during the 2nd quarter worth approximately $33,000. Bullseye Investment Management LLC acquired a new position in shares of Starwood Property Trust during the second quarter valued at approximately $34,000. CENTRAL TRUST Co lifted its position in shares of Starwood Property Trust by 66.6% in the first quarter. CENTRAL TRUST Co now owns 2,493 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 997 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its stake in shares of Starwood Property Trust by 1,605.0% in the first quarter. North Star Investment Management Corp. now owns 3,410 shares of the real estate investment trust’s stock worth $59,000 after acquiring an additional 3,210 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

About Starwood Property Trust

Starwood Property Trust, Inc (NYSE: STWD) is a real estate investment trust focused on commercial real estate finance. The company originates, acquires, finances and manages a range of real estate debt investments, including senior and subordinate mortgages, mezzanine loans, and other credit investments secured by commercial properties.

Its business also includes commercial real estate lending and servicing, residential lending, and infrastructure lending. Through these activities, Starwood Property Trust provides financing to property owners, developers and other real estate participants across multiple property types, including office, multifamily, industrial, hospitality and other commercial assets.

Founded in 2009, the company operates primarily in the United States and has also pursued lending and investment opportunities in Europe and other select international markets.