Raymond James Raises Starwood Property Trust (NYSE:STWD) Price Target to $27.00

Starwood Property Trust (NYSE:STWD) had its target price raised by stock analysts at Raymond James from $24.00 to $27.00 in a note issued to investors on Wednesday, BenzingaRatingsTable reports. The firm presently has an “outperform” rating on the real estate investment trust’s stock. Raymond James’ target price would suggest a potential upside of 17.04% from the company’s previous close.

Separately, Zacks Investment Research raised Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Thursday, July 18th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.80.

Shares of STWD opened at $23.07 on Wednesday. The company has a quick ratio of 3.14, a current ratio of 2.61 and a debt-to-equity ratio of 2.29. Starwood Property Trust has a one year low of $19.16 and a one year high of $23.85. The company has a market capitalization of $6.63 billion, a price-to-earnings ratio of 10.93 and a beta of 0.58. The business has a fifty day moving average price of $23.09.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Wednesday, August 7th. The real estate investment trust reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Starwood Property Trust had a return on equity of 10.51% and a net margin of 31.15%. The company had revenue of $351.99 million during the quarter, compared to analyst estimates of $308.00 million. During the same quarter in the previous year, the company posted $0.54 earnings per share. Starwood Property Trust’s revenue was up 14.6% compared to the same quarter last year. On average, research analysts anticipate that Starwood Property Trust will post 1.76 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently modified their holdings of the stock. Geode Capital Management LLC boosted its holdings in shares of Starwood Property Trust by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 2,998,356 shares of the real estate investment trust’s stock valued at $59,281,000 after buying an additional 183,447 shares during the last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in Starwood Property Trust during the 1st quarter valued at $724,000. Virtu Financial LLC acquired a new stake in Starwood Property Trust during the 1st quarter valued at $480,000. Nisa Investment Advisors LLC lifted its holdings in Starwood Property Trust by 16.9% during the 1st quarter. Nisa Investment Advisors LLC now owns 99,170 shares of the real estate investment trust’s stock valued at $2,216,000 after purchasing an additional 14,370 shares during the last quarter. Finally, Wedbush Securities Inc. lifted its holdings in Starwood Property Trust by 6.8% during the 1st quarter. Wedbush Securities Inc. now owns 21,573 shares of the real estate investment trust’s stock valued at $482,000 after purchasing an additional 1,365 shares during the last quarter. 63.79% of the stock is 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 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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