Starwood Property Trust (NYSE:STWD) PT Lowered to $23.00 at BTIG Research

Starwood Property Trust (NYSE:STWD) had its price target lowered by investment analysts at BTIG Research from $24.00 to $23.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. BTIG Research’s price objective points to a potential upside of 20.36% from the company’s previous close.

Several other research firms have also commented on STWD. Wells Fargo & Company increased their price target on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Friday, February 23rd. Bank of America reissued a “neutral” rating and set a $21.50 price target (down from $22.50) on shares of Starwood Property Trust in a research report on Monday, March 4th. JPMorgan Chase & Co. cut their price objective on shares of Starwood Property Trust from $21.00 to $20.00 and set an “overweight” rating on the stock in a report on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods cut their price objective on shares of Starwood Property Trust from $21.00 to $20.50 and set a “market perform” rating on the stock in a report on Wednesday, April 10th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Starwood Property Trust presently has an average rating of “Moderate Buy” and a consensus target price of $21.71.

Starwood Property Trust Stock Up 1.2 %

Shares of STWD stock traded up $0.23 during mid-day trading on Wednesday, hitting $19.11. 1,145,820 shares of the stock traded hands, compared to its average volume of 2,148,587. The stock has a market cap of $6.00 billion, a P/E ratio of 17.82 and a beta of 1.65. The stock’s fifty day moving average is $19.87 and its two-hundred day moving average is $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 current ratio of 1.75 and a quick ratio of 1.75.

Insider Buying and Selling

In related news, President Jeffrey F. Dimodica sold 25,000 shares of the stock in a transaction that occurred 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 transaction, the president now owns 925,984 shares in the company, valued at approximately $18,825,254.72. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, President Jeffrey F. Dimodica sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 28th. The shares were sold at an average price of $20.28, for a total transaction of $2,028,000.00. Following the sale, the president now owns 1,226,673 shares of the company’s stock, valued at approximately $24,876,928.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, President Jeffrey F. Dimodica sold 25,000 shares of the firm’s stock in a transaction that occurred 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 sale, the president now directly owns 925,984 shares in the company, valued at approximately $18,825,254.72. The disclosure for this sale can be found here. 5.80% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Starwood Property Trust

A number of hedge funds and other institutional investors have recently made changes to their positions in STWD. Teachers Retirement System of The State of Kentucky grew its stake in Starwood Property Trust by 97.5% in the 3rd quarter. Teachers Retirement System of The State of Kentucky now owns 104,320 shares of the real estate investment trust’s stock valued at $2,018,000 after acquiring an additional 51,504 shares during the period. International Assets Investment Management LLC grew its stake in Starwood Property Trust by 2,347.1% in the 4th quarter. International Assets Investment Management LLC now owns 270,406 shares of the real estate investment trust’s stock valued at $5,684,000 after acquiring an additional 259,356 shares during the period. Adage Capital Partners GP L.L.C. acquired a new stake in Starwood Property Trust in the 3rd quarter valued at $6,772,000. Campbell & CO Investment Adviser LLC acquired a new stake in Starwood Property Trust in the 3rd quarter valued at $506,000. Finally, Northern Trust Corp grew its stake in Starwood Property Trust by 26.7% in the 3rd quarter. Northern Trust Corp now owns 3,121,335 shares of the real estate investment trust’s stock valued at $60,398,000 after acquiring an additional 657,180 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

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.