Starwood Property Trust (NYSE:STWD) Sets New 1-Year Low – Here’s Why

Starwood Property Trust, Inc. (NYSE:STWD) shares hit a new 52-week low during trading on Thursday . The company traded as low as $16.28 and last traded at $16.2850, with a volume of 1578594 shares changing hands. The stock had previously closed at $16.48.

Analysts Set New Price Targets

Several brokerages have issued reports on STWD. Wall Street Zen upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. UBS Group assumed coverage on Starwood Property Trust in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $20.00 target price on the stock. Keefe, Bruyette & Woods lowered their target price on Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. Zacks Research raised Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Weiss Ratings downgraded Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $19.70.

Starwood Property Trust Trading Down 1.2%

The company has a debt-to-equity ratio of 3.31, a quick ratio of 1.57 and a current ratio of 1.57. The company has a market capitalization of $6.04 billion, a price-to-earnings ratio of 16.97, a price-to-earnings-growth ratio of 2.24 and a beta of 0.98. The firm has a fifty day moving average price of $16.85 and a 200-day moving average price of $17.55.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.42 by ($0.03). The firm had revenue of $205.55 million for the quarter, compared to the consensus estimate of $496.25 million. Starwood Property Trust had a return on equity of 7.91% and a net margin of 18.11%.The company’s revenue for the quarter was up 22.5% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. As a group, equities analysts anticipate that Starwood Property Trust, Inc. will post 1.51 EPS for the current year.

Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.48 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.92 annualized dividend and a dividend yield of 11.8%. Starwood Property Trust’s payout ratio is presently 200.00%.

Institutional Trading of Starwood Property Trust

Large investors have recently made changes to their positions in the company. MassMutual Private Wealth & Trust FSB lifted its stake in Starwood Property Trust by 106.1% during the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,449 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 746 shares during the last quarter. CENTRAL TRUST Co increased its stake in shares of Starwood Property Trust by 154.4% in the 4th quarter. CENTRAL TRUST Co now owns 1,496 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 908 shares during the last quarter. Los Angeles Capital Management LLC acquired a new position in shares of Starwood Property Trust during the 4th quarter worth $28,000. Versant Capital Management Inc raised its holdings in shares of Starwood Property Trust by 293.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,954 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 1,457 shares in the last quarter. Finally, Flagship Harbor Advisors LLC bought a new stake in shares of Starwood Property Trust during the 4th quarter worth $53,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

About Starwood Property Trust

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.