Starwood Property Trust (NYSE:STWD) has received an average rating of “Buy” from the seven brokerages that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $24.00.
A number of equities analysts have recently weighed in on the company. Zacks Investment Research cut Starwood Property Trust from a “buy” rating to a “hold” rating in a report on Saturday, April 7th. Raymond James assumed coverage on Starwood Property Trust in a report on Tuesday, March 27th. They set an “outperform” rating and a $24.00 price target for the company. Wood & Company assumed coverage on Starwood Property Trust in a report on Tuesday, March 27th. They set an “outperform” rating for the company. Finally, B. Riley reiterated a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a report on Thursday, January 25th.
Shares of NYSE STWD traded up $0.13 during mid-day trading on Friday, reaching $20.96. 941,197 shares of the company’s stock were exchanged, compared to its average volume of 2,238,145. The stock has a market cap of $5,436.75, a PE ratio of 9.72, a P/E/G ratio of 2.03 and a beta of 0.31. The company has a current ratio of 2.52, a quick ratio of 2.52 and a debt-to-equity ratio of 1.74. Starwood Property Trust has a 52-week low of $19.47 and a 52-week high of $23.01.
The company also recently announced a quarterly dividend, which was paid on Friday, April 13th. Investors of record on Friday, March 30th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.16%. The ex-dividend date of this dividend was Wednesday, March 28th. Starwood Property Trust’s dividend payout ratio (DPR) is 88.89%.
A number of institutional investors have recently made changes to their positions in STWD. Renaissance Technologies LLC boosted its holdings in Starwood Property Trust by 86.5% during the 4th quarter. Renaissance Technologies LLC now owns 2,241,784 shares of the real estate investment trust’s stock valued at $47,862,000 after acquiring an additional 1,039,900 shares during the period. Boston Partners boosted its stake in shares of Starwood Property Trust by 69.9% in the 4th quarter. Boston Partners now owns 2,139,400 shares of the real estate investment trust’s stock valued at $45,676,000 after buying an additional 880,031 shares during the period. Two Sigma Advisers LP boosted its stake in shares of Starwood Property Trust by 57.7% in the 4th quarter. Two Sigma Advisers LP now owns 1,938,353 shares of the real estate investment trust’s stock valued at $41,384,000 after buying an additional 709,300 shares during the period. Teachers Advisors LLC boosted its stake in shares of Starwood Property Trust by 25.8% in the 4th quarter. Teachers Advisors LLC now owns 1,300,842 shares of the real estate investment trust’s stock valued at $27,773,000 after buying an additional 267,115 shares during the period. Finally, Bank of Montreal Can boosted its stake in shares of Starwood Property Trust by 38.8% in the 4th quarter. Bank of Montreal Can now owns 872,340 shares of the real estate investment trust’s stock valued at $18,624,000 after buying an additional 243,856 shares during the period. Institutional investors own 70.51% of the company’s stock.
About Starwood Property Trust
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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