Analysts Set Starwood Property Trust, Inc. (NYSE:STWD) Target Price at $21.43

Starwood Property Trust, Inc. (NYSE:STWD) has earned an average recommendation of “Moderate Buy” from the seven analysts that are covering the stock, Marketbeat Ratings reports. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $21.71.

STWD has been the subject of several analyst reports. JPMorgan Chase & Co. reduced their price target on shares of Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating for the company in a research report on Wednesday, April 10th. Wells Fargo & Company raised their price target on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Bank of America reissued a “neutral” rating and set a $21.50 price target (down previously from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Keefe, Bruyette & Woods reduced their price target on shares of Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a research report on Wednesday, April 10th. Finally, BTIG Research reduced their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a “buy” rating for the company in a research report on Wednesday.

Insiders Place Their Bets

In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 100,000 shares of Starwood Property Trust stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $20.28, for a total value of $2,028,000.00. Following the completion of the sale, the president now owns 1,226,673 shares of the company’s stock, valued at approximately $24,876,928.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, President Jeffrey F. Dimodica sold 25,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $20.33, for a total transaction of $508,250.00. Following the completion of the sale, the president now owns 925,984 shares of the company’s stock, valued at approximately $18,825,254.72. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, President Jeffrey F. Dimodica sold 100,000 shares of the business’s stock in a transaction on Thursday, March 28th. The shares were sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the sale, the president now directly owns 1,226,673 shares of the company’s stock, valued at approximately $24,876,928.44. The disclosure for this sale can be found here. 5.40% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Starwood Property Trust

A number of hedge funds have recently modified their holdings of the business. Salem Investment Counselors Inc. grew its position in shares of Starwood Property Trust by 50.0% during the 4th quarter. Salem Investment Counselors Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $28,000 after acquiring an additional 500 shares during the period. Raymond James Trust N.A. lifted its stake in shares of Starwood Property Trust by 4.1% during the 1st quarter. Raymond James Trust N.A. now owns 12,803 shares of the real estate investment trust’s stock valued at $309,000 after buying an additional 500 shares in the last quarter. Parkside Financial Bank & Trust lifted its stake in shares of 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 buying an additional 547 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Starwood Property Trust by 5.8% during the 4th quarter. AQR Capital Management LLC now owns 10,661 shares of the real estate investment trust’s stock valued at $195,000 after buying an additional 584 shares in the last quarter. Finally, Highland Capital Management LLC lifted its stake in shares of 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 buying an additional 600 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

STWD stock opened at $19.37 on Friday. The firm has a market capitalization of $6.08 billion, a price-to-earnings ratio of 18.10 and a beta of 1.65. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.75 and a current ratio of 1.75. The firm has a 50 day moving average price of $19.87 and a 200-day moving average price of $19.92. Starwood Property Trust has a 52-week low of $16.06 and a 52-week high of $22.29.

Starwood Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.91%. The ex-dividend date was Wednesday, March 27th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 179.44%.

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.