Starwood Property Trust (NYSE:STWD) had its price objective upped by investment analysts at Raymond James from $26.00 to $27.50 in a research note issued on Thursday, Fintech Zoom reports. The firm currently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ price objective points to a potential upside of 15.94% from the company’s current price.
Several other research analysts also recently weighed in on the company. BTIG Research initiated coverage on Starwood Property Trust in a research note on Tuesday, February 2nd. They set a “buy” rating and a $21.00 target price for the company. JPMorgan Chase & Co. upped their target price on Starwood Property Trust from $25.00 to $26.00 and gave the stock an “overweight” rating in a research note on Monday. Credit Suisse Group increased their price objective on Starwood Property Trust from $21.50 to $26.00 and gave the company an “outperform” rating in a research note on Tuesday, March 23rd. Finally, Zacks Investment Research raised Starwood Property Trust from a “hold” rating to a “buy” rating and set a $29.00 price objective for the company in a research note on Tuesday, April 27th. One investment analyst has rated the stock with a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $24.75.
Shares of STWD stock opened at $23.72 on Thursday. The company has a debt-to-equity ratio of 2.55, a current ratio of 2.92 and a quick ratio of 2.92. The company has a market cap of $6.81 billion, a price-to-earnings ratio of 17.31 and a beta of 1.63. The stock has a 50 day simple moving average of $25.16 and a 200-day simple moving average of $20.94. Starwood Property Trust has a 1-year low of $10.72 and a 1-year high of $26.24.
Starwood Property Trust (NYSE:STWD) last announced its earnings results on Thursday, May 6th. The real estate investment trust reported $0.50 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.49 by $0.01. The business had revenue of $287.23 million during the quarter, compared to the consensus estimate of $285.10 million. Starwood Property Trust had a return on equity of 11.08% and a net margin of 35.03%. The business’s quarterly revenue was up 35.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.55 EPS. Analysts anticipate that Starwood Property Trust will post 1.86 earnings per share for the current fiscal year.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Fieldpoint Private Securities LLC purchased a new stake in Starwood Property Trust in the 4th quarter valued at $28,000. Corbenic Partners LLC purchased a new stake in Starwood Property Trust in the 4th quarter valued at $33,000. North Star Investment Management Corp. grew its holdings in Starwood Property Trust by 925.0% in the 4th quarter. North Star Investment Management Corp. now owns 2,050 shares of the real estate investment trust’s stock valued at $40,000 after buying an additional 1,850 shares in the last quarter. TFO TDC LLC purchased a new stake in Starwood Property Trust in the 4th quarter valued at $41,000. Finally, Meeder Asset Management Inc. grew its holdings in Starwood Property Trust by 361.3% in the 4th quarter. Meeder Asset Management Inc. now owns 2,371 shares of the real estate investment trust’s stock valued at $46,000 after buying an additional 1,857 shares in the last quarter. 51.57% of the stock is owned by hedge funds and other institutional investors.
About Starwood Property Trust
Starwood Property Trust, Inc engages in originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. It operates through the following segments: Real Estate Commercial and Residential Lending, Real Estate Property, Infrastructure Lending and Real Estate Investing and Servicing.
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