Brokerages Set Starwood Property Trust, Inc. (NYSE:STWD) PT at $21.43

Shares of Starwood Property Trust, Inc. (NYSE:STWD) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year price target among brokerages that have covered the stock in the last year is $21.43.

Several equities research analysts have recently commented on the stock. JPMorgan Chase & Co. decreased their target price 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. Bank of America restated a “neutral” rating and issued a $21.50 target price (down previously from $22.50) on shares of Starwood Property Trust in a report on Monday, March 4th. Keefe, Bruyette & Woods decreased their price target on Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating for the company in a report on Wednesday, April 10th. Finally, Wells Fargo & Company raised their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Friday, February 23rd.

Starwood Property Trust Stock Performance

NYSE STWD opened at $19.01 on Friday. The company has a market cap of $5.97 billion, a P/E ratio of 17.77 and a beta of 1.65. The company has a fifty day simple moving average of $19.89 and a 200 day simple moving average of $19.93. The company has a current ratio of 1.75, a quick ratio of 1.75 and a debt-to-equity ratio of 2.95. Starwood Property Trust has a 12-month low of $16.06 and a 12-month high of $22.29.

Starwood Property Trust Announces Dividend

The business also recently disclosed 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 annualized dividend and a yield of 10.10%. The ex-dividend date was Wednesday, March 27th. Starwood Property Trust’s dividend payout ratio is 179.44%.

Insider Activity

In other news, President Jeffrey F. Dimodica sold 25,000 shares of the company’s 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 transaction, 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 Securities & Exchange Commission, which can be accessed through this link. In other news, President Jeffrey F. Dimodica sold 100,000 shares of the firm’s stock in a transaction on Thursday, March 28th. The stock was sold at an average price of $20.28, for a total value of $2,028,000.00. Following the completion of the transaction, the president now directly owns 1,226,673 shares of the company’s stock, valued at $24,876,928.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $508,250.00. Following the sale, 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. Insiders own 5.80% of the company’s stock.

Hedge Funds Weigh In On Starwood Property Trust

Several hedge funds and other institutional investors have recently added to or reduced their stakes in STWD. GAMMA Investing LLC bought a new stake in shares of Starwood Property Trust during the 4th quarter worth $26,000. ICA Group Wealth Management LLC bought a new stake in Starwood Property Trust during the fourth quarter worth about $28,000. Core Wealth Advisors Inc. purchased a new position in shares of Starwood Property Trust in the 4th quarter worth about $32,000. Salem Investment Counselors Inc. increased 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 purchasing an additional 500 shares during the last quarter. Finally, Cape Investment Advisory Inc. purchased a new position in shares of Starwood Property Trust during the 4th quarter valued at about $32,000. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

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.