Starwood Property Trust (NYSE:STWD) Receives Buy Rating from BTIG Research

BTIG Research reissued their buy rating on shares of Starwood Property Trust (NYSE:STWD) in a research report sent to investors on Friday, MarketBeat Ratings reports. They currently have a $24.00 price objective on the real estate investment trust’s stock.

A number of other equities research analysts have also weighed in on STWD. JPMorgan Chase & Co. lifted their target price 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. Wolfe Research began coverage on Starwood Property Trust in a research report on Tuesday, June 25th. They issued a peer perform rating for the company. Keefe, Bruyette & Woods reduced their price target on Starwood Property Trust from $20.50 to $20.00 and set a market perform rating for the company in a research report on Wednesday, July 10th. Finally, Raymond James reduced their price target on Starwood Property Trust from $23.50 to $23.00 and set a strong-buy rating for the company in a research report on Thursday, May 16th. Five research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Starwood Property Trust currently has a consensus rating of Moderate Buy and an average price target of $21.71.

Starwood Property Trust Trading Up 0.3 %

Shares of NYSE STWD opened at $20.27 on Friday. The company has a quick ratio of 2.49, a current ratio of 2.49 and a debt-to-equity ratio of 2.80. The business has a fifty day simple moving average of $19.46 and a two-hundred day simple moving average of $19.80. The firm has a market cap of $6.40 billion, a PE ratio of 14.58 and a beta of 1.69. Starwood Property Trust has a twelve month low of $17.07 and a twelve month high of $22.29.

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 15th. Investors of record on Friday, June 28th were paid a dividend of $0.48 per share. The ex-dividend date was Thursday, June 27th. This represents a $1.92 annualized dividend and a yield of 9.47%. Starwood Property Trust’s dividend payout ratio (DPR) is 138.13%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in STWD. Parkside Financial Bank & Trust grew its stake in Starwood Property Trust by 9.3% during the 4th quarter. Parkside Financial Bank & Trust now owns 6,436 shares of the real estate investment trust’s stock valued at $135,000 after purchasing an additional 547 shares during the last quarter. Highland Capital Management LLC grew its stake in Starwood Property Trust by 1.4% during the 4th quarter. Highland Capital Management LLC now owns 43,200 shares of the real estate investment trust’s stock valued at $908,000 after purchasing an additional 600 shares during the last quarter. Retirement Group LLC grew its stake in Starwood Property Trust by 33.5% during the 1st quarter. Retirement Group LLC now owns 2,516 shares of the real estate investment trust’s stock valued at $51,000 after purchasing an additional 631 shares during the last quarter. Advisory Services Network LLC grew its stake in Starwood Property Trust by 7.3% during the 4th quarter. Advisory Services Network LLC now owns 9,455 shares of the real estate investment trust’s stock valued at $199,000 after purchasing an additional 644 shares during the last quarter. Finally, Commerce Bank boosted its stake in shares of Starwood Property Trust by 5.3% in the fourth quarter. Commerce Bank now owns 13,178 shares of the real estate investment trust’s stock worth $277,000 after buying an additional 664 shares during the last quarter. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

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.