Starwood Property Trust Inc (NYSE:STWD) shares traded 0.68% higher at $17.65 on Wall Street last session.
In accordance with the data, 7 analysts cover Starwood Property Trust Inc (NYSE:STWD). The consensus rating among analysts is ‘Buy’. As we calculate the median target price by taking the range between a high of $24.00 and a low of $20.00, we find $21.00. Given the previous closing price of $17.53, this indicates a potential upside of 19.79 percent. STWD stock price is now -9.94% away from the 50-day moving average and -7.56% away from the 200-day moving average. The market capitalization of the company currently stands at $5.52B.
It has been rated a hold by 1 analysts and a buy by 6. Brokers who have rated the stock have averaged $21.86 as their price target over the next twelve months.
With the price target reduced from $21 to $20, Keefe Bruyette Downgraded its rating from Outperform to Mkt Perform for Starwood Property Trust Inc (NYSE: STWD).
In other news, DiModica Jeffrey F., President sold 10,000 shares of the company’s stock on Sep 22. The stock was sold for $201,002 at an average price of $20.10. Upon completion of the transaction, the President now directly owns 1,025,984 shares in the company, valued at $18.11 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Sep 21, President DiModica Jeffrey F. sold 20,111 shares of the business’s stock. A total of $411,875 was realized by selling the stock at an average price of $20.48. This leaves the insider owning 1,035,984 shares of the company worth $18.29 million. Insiders disposed of 949,817 shares of company stock worth roughly $16.76 million over the past 1 year. A total of 5.70% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in STWD stock. A new stake in Starwood Property Trust Inc shares was purchased by JANE STREET GROUP, LLC during the first quarter worth $22,883,000. BALYASNY ASSET MANAGEMENT L.P. invested $22,669,000 in shares of STWD during the first quarter. In the first quarter, HGI CAPITAL MANAGEMENT, LLC acquired a new stake in Starwood Property Trust Inc valued at approximately $3,548,000. STATE OF TENNESSEE, TREASURY DEPARTMENT acquired a new stake in STWD for approximately $2,857,000. CENTIVA CAPITAL, LP purchased a new stake in STWD valued at around $2,660,000 in the second quarter. In total, there are 564 active investors with 51.50% ownership of the company’s stock.
Starwood Property Trust Inc (NYSE: STWD) opened at $17.56 on Thursday. During the past 12 months, Starwood Property Trust Inc has had a low of $16.06 and a high of $21.73. The fifty day moving average price for STWD is $19.56 and a two-hundred day moving average price translates $19.08 for the stock.
The latest earnings results from Starwood Property Trust Inc (NYSE: STWD) was released for Jun, 2023. According to the REIT – Mortgage Company, earnings per share came in at $0.49, beating analysts’ expectations of $0.48 by 0.01. This compares to $0.67 EPS in the same period last year. The net profit margin was 28.85% and return on equity was 8.54% for STWD. The company reported revenue of $515.67 million for the quarter, compared to $325.59 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 58.38 percent. For the current quarter, analysts expect STWD to generate $523.77M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 07/17/2023. Investors who held shares on 06/30/2023 were paid a $0.48 dividend. On an annualized basis, this represents a $1.92 dividend and a 10.88% percent yield. There was an ex-dividend date of 06/29/2023 for this dividend. In terms of dividend payout ratio, STWD is presently at 69.97%.
Starwood Property Trust Inc(STWD) Company Profile
Starwood Property Trust, Inc. operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through four segments: 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. The Infrastructure lending segment originates, acquires, finances, and manages infrastructure debt investments. The Property segment engages primarily in acquiring and managing equity interests in stabilized commercial real estate properties, such as multifamily properties and commercial properties subject to net leases, that are held for investment. The Investing and Servicing segment manages and works out problem assets; acquires and manages unrated, investment grade, and non-investment grade rated CMBS comprising subordinated interests of securitization and re-securitization transactions; originates conduit loans for the primary purpose of selling these loans into securitization transactions; and acquires commercial real estate assets that include properties acquired from CMBS trusts. The company qualifies as a REIT for federal income tax purposes and would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. Starwood Property Trust, Inc. was incorporated in 2009 and is headquartered in Greenwich, Connecticut.
