Starwood Property Trust (NYSE:STWD) Reaches New 52-Week Low – What’s Next?

Starwood Property Trust, Inc. (NYSE:STWD) reached a new 52-week low during trading on Thursday . The company traded as low as $16.21 and last traded at $16.2240, with a volume of 648627 shares changing hands. The stock had previously closed at $16.52.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Zacks Research raised Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. UBS Group began coverage on shares of Starwood Property Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $20.00 price target for the company. JPMorgan Chase & Co. decreased their price objective on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Weiss Ratings lowered Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Finally, Keefe, Bruyette & Woods cut 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. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Starwood Property Trust has an average rating of “Moderate Buy” and an average price target of $19.70.

Starwood Property Trust Stock Down 2.3%

The company’s 50 day moving average is $16.80 and its 200 day moving average is $17.48. The company has a market cap of $5.98 billion, a PE ratio of 16.81, a P/E/G ratio of 2.25 and a beta of 0.98. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.31.

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

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 11.9%. The ex-dividend date of this dividend was Tuesday, June 30th. Starwood Property Trust’s dividend payout ratio (DPR) is currently 200.00%.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of STWD. Handelsbanken Fonder AB grew its holdings in shares of Starwood Property Trust by 35.0% during the second quarter. Handelsbanken Fonder AB now owns 104,197 shares of the real estate investment trust’s stock valued at $1,707,000 after buying an additional 27,000 shares during the last quarter. Focus Financial Network Inc. grew its holdings in Starwood Property Trust by 14.3% in the second quarter. Focus Financial Network Inc. now owns 26,938 shares of the real estate investment trust’s stock valued at $441,000 after purchasing an additional 3,365 shares during the period. Allied Private Wealth LLC purchased a new stake in shares of Starwood Property Trust in the second quarter valued at approximately $80,000. GoalVest Advisory LLC raised its stake in shares of Starwood Property Trust by 1.7% during the 2nd quarter. GoalVest Advisory LLC now owns 54,818 shares of the real estate investment trust’s stock worth $898,000 after buying an additional 934 shares during the period. Finally, Apella Capital LLC lifted its position in shares of Starwood Property Trust by 2.3% during the 2nd quarter. Apella Capital LLC now owns 73,381 shares of the real estate investment trust’s stock valued at $1,220,000 after buying an additional 1,625 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Company Profile

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.