Starwood Property Trust (NYSE:STWD) Price Target Cut to $20.00

Starwood Property Trust (NYSE:STWD) had its target price dropped by research analysts at JPMorgan Chase & Co. from $21.00 to $20.00 in a research report issued on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the real estate investment trust’s stock. JPMorgan Chase & Co.‘s price objective suggests a potential upside of 2.93% from the stock’s current price.

STWD has been the subject of several other research reports. Wells Fargo & Company boosted their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research report on Friday, February 23rd. Bank of America reissued a “neutral” rating and set a $21.50 price objective (down previously from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, Starwood Property Trust presently has a consensus rating of “Hold” and an average price target of $21.43.

Starwood Property Trust Stock Performance

STWD opened at $19.43 on Wednesday. The company has a market cap of $6.10 billion, a PE ratio of 18.16 and a beta of 1.65. The stock has a 50-day moving average of $19.92 and a 200-day moving average of $19.93. Starwood Property Trust has a 52-week low of $16.06 and a 52-week high of $22.29. The company has a debt-to-equity ratio of 2.95, a quick ratio of 1.75 and a current ratio of 1.75.

Insider Buying and Selling

In related news, President Jeffrey F. Dimodica sold 25,000 shares of Starwood Property Trust stock in a transaction on Thursday, February 1st. The stock was 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 directly owns 925,984 shares of the company’s stock, valued at $18,825,254.72. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Starwood Property Trust news, President Jeffrey F. Dimodica sold 100,000 shares of Starwood Property Trust stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the transaction, the president now directly owns 1,226,673 shares in the company, valued at $24,876,928.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, President Jeffrey F. Dimodica sold 25,000 shares of Starwood Property Trust stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $20.33, for a total value of $508,250.00. Following the transaction, the president now owns 925,984 shares in the company, valued at $18,825,254.72. The disclosure for this sale can be found here. 5.80% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC bought a new position in Starwood Property Trust during the fourth quarter worth about $26,000. ICA Group Wealth Management LLC bought a new stake in shares of Starwood Property Trust in the fourth quarter valued at about $28,000. Salem Investment Counselors Inc. lifted its holdings in shares of Starwood Property Trust by 50.0% in the fourth quarter. Salem Investment Counselors Inc. now owns 1,500 shares of the real estate investment trust’s stock valued at $28,000 after purchasing an additional 500 shares in the last quarter. Cape Investment Advisory Inc. bought a new stake in shares of Starwood Property Trust in the fourth quarter valued at about $32,000. Finally, Core Wealth Advisors Inc. bought a new stake in shares of Starwood Property Trust in the fourth quarter valued at about $32,000. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Company Profile

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.