Starwood Property Trust, Inc. (STWD) Receives $24.00 Consensus PT from Analysts

Starwood Property Trust, Inc. (NYSE:STWD) has been given an average rating of “Buy” by the five ratings firms that are covering the stock, MarketBeat reports. One research analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $24.00.

Several research firms recently commented on STWD. ValuEngine upgraded Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. B. Riley reaffirmed a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a research note on Monday, November 27th. Zacks Investment Research raised Starwood Property Trust from a “hold” rating to a “buy” rating and set a $24.00 price target for the company in a research note on Wednesday, November 15th. BidaskClub raised Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Friday, November 10th. Finally, Compass Point raised Starwood Property Trust from a “neutral” rating to a “buy” rating in a research note on Wednesday, October 25th.

Starwood Property Trust (NYSE STWD) traded up $0.13 on Thursday, reaching $21.80. The company had a trading volume of 2,280,986 shares, compared to its average volume of 1,186,479. Starwood Property Trust has a 12-month low of $21.27 and a 12-month high of $23.01. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 1.68. The firm has a market cap of $5,689.78, a PE ratio of 10.38, a P/E/G ratio of 2.06 and a beta of 0.51.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.65 EPS for the quarter, beating the consensus estimate of $0.54 by $0.11. Starwood Property Trust had a return on equity of 11.88% and a net margin of 52.28%. The firm had revenue of $226.77 million for the quarter, compared to analysts’ expectations of $236.76 million. During the same period last year, the firm earned $0.59 EPS. The firm’s revenue was up 10.8% compared to the same quarter last year. equities analysts predict that Starwood Property Trust will post 2.12 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 8.81%. The ex-dividend date of this dividend is Thursday, December 28th. Starwood Property Trust’s payout ratio is currently 116.36%.

In other news, COO Andrew Jay Sossen sold 11,270 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $21.94, for a total transaction of $247,263.80. Following the completion of the sale, the chief operating officer now directly owns 108,258 shares of the company’s stock, valued at approximately $2,375,180.52. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Rina Paniry sold 6,867 shares of the firm’s stock in a transaction on Tuesday, September 19th. The stock was sold at an average price of $21.96, for a total value of $150,799.32. Following the sale, the chief financial officer now directly owns 100,026 shares of the company’s stock, valued at $2,196,570.96. The disclosure for this sale can be found here. Company insiders own 2.40% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Parametric Portfolio Associates LLC boosted its stake in shares of Starwood Property Trust by 6.5% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 687,519 shares of the real estate investment trust’s stock worth $14,933,000 after acquiring an additional 42,076 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of Starwood Property Trust during the 3rd quarter worth $362,000. Belpointe Asset Management LLC bought a new stake in shares of Starwood Property Trust during the 3rd quarter worth $368,000. Dana Investment Advisors Inc. boosted its stake in shares of Starwood Property Trust by 2.6% during the 3rd quarter. Dana Investment Advisors Inc. now owns 1,285,462 shares of the real estate investment trust’s stock worth $27,920,000 after acquiring an additional 32,089 shares in the last quarter. Finally, California Public Employees Retirement System boosted its stake in shares of Starwood Property Trust by 6.8% during the 3rd quarter. California Public Employees Retirement System now owns 761,431 shares of the real estate investment trust’s stock worth $16,538,000 after acquiring an additional 48,631 shares in the last quarter. 67.52% of the stock is owned by institutional investors and hedge funds.

ILLEGAL ACTIVITY NOTICE: “Starwood Property Trust, Inc. (STWD) Receives $24.00 Consensus PT from Analysts” was originally published by TrueBlueTribune and is owned by of TrueBlueTribune. If you are reading this story on another publication, it was illegally stolen and republished in violation of US & international trademark and copyright law. The legal version of this story can be read at https://www.truebluetribune.com/2017/12/17/starwood-property-trust-inc-stwd-receives-24-00-consensus-pt-from-analysts.html.

Starwood Property Trust Company Profile

Receive News & Ratings for Starwood Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starwood Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply