Brokerages Set Starwood Property Trust, Inc. (STWD) Price Target at $24.00

Shares of Starwood Property Trust, Inc. (NYSE:STWD) have been given a consensus recommendation of “Buy” by the eight brokerages that are presently covering the stock, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $24.00.

A number of research analysts recently weighed in on STWD shares. Zacks Investment Research lowered shares of Starwood Property Trust from a “buy” rating to a “hold” rating in a research note on Tuesday, October 30th. Credit Suisse Group boosted their price target on shares of Starwood Property Trust from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, August 21st. ValuEngine lowered shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Tuesday, September 4th. Finally, JPMorgan Chase & Co. began coverage on shares of Starwood Property Trust in a research report on Friday, September 21st. They set an “overweight” rating and a $23.00 price target for the company.

Starwood Property Trust stock opened at $22.01 on Wednesday. Starwood Property Trust has a 1-year low of $19.47 and a 1-year high of $23.04. The company has a market capitalization of $5.82 billion, a P/E ratio of 10.19, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25. The company has a quick ratio of 2.00, a current ratio of 2.00 and a debt-to-equity ratio of 1.82.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Friday, November 9th. The real estate investment trust reported $0.53 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.53. Starwood Property Trust had a net margin of 39.03% and a return on equity of 13.19%. The business had revenue of $285.70 million during the quarter, compared to analyst estimates of $277.19 million. During the same period in the previous year, the business earned $0.65 EPS. Starwood Property Trust’s revenue was up 26.0% compared to the same quarter last year. Sell-side analysts forecast that Starwood Property Trust will post 2.12 EPS for the current year.

Several institutional investors and hedge funds have recently added to or reduced their stakes in STWD. Acadian Asset Management LLC grew its position in shares of Starwood Property Trust by 82.9% during the 3rd quarter. Acadian Asset Management LLC now owns 5,363,069 shares of the real estate investment trust’s stock valued at $115,414,000 after purchasing an additional 2,431,609 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Starwood Property Trust by 121.2% during the 2nd quarter. Renaissance Technologies LLC now owns 2,313,484 shares of the real estate investment trust’s stock valued at $50,226,000 after purchasing an additional 1,267,400 shares in the last quarter. CWM LLC grew its position in shares of Starwood Property Trust by 351,848.9% during the 3rd quarter. CWM LLC now owns 950,262 shares of the real estate investment trust’s stock valued at $20,450,000 after purchasing an additional 949,992 shares in the last quarter. Standard Life Aberdeen plc purchased a new position in shares of Starwood Property Trust during the 2nd quarter valued at $16,524,000. Finally, First Republic Investment Management Inc. purchased a new position in shares of Starwood Property Trust during the 2nd quarter valued at $6,971,000. Hedge funds and other institutional investors own 66.63% of the company’s stock.

Starwood Property Trust Company Profile

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.

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Analyst Recommendations for Starwood Property Trust (NYSE:STWD)

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