Starwood Property Trust Receives New Coverage from Analysts at Goldman Sachs (STWD)

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Research analysts at Goldman Sachs began coverage on shares of Starwood Property Trust (NASDAQ:STWD) in a report released on Tuesday. The firm set a “buy” rating and a $25.00 price target on the stock. Goldman Sachs’ price target would indicate a potential upside of 2.21% from the stock’s previous close.

Starwood Property Trust (NASDAQ:STWD) opened at 24.46 on Tuesday. Starwood Property Trust has a 52 week low of $18.3438 and a 52 week high of $24.7299. The stock has a 50-day moving average of $23.56 and a 200-day moving average of $23.14. The company has a market cap of $4.796 billion and a P/E ratio of 12.38.

Starwood Property Trust (NASDAQ:STWD) last announced its earnings results on Tuesday, May 6th. The company reported $0.60 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.54 by $0.06. The company had revenue of $172.00 million for the quarter, compared to the consensus estimate of $50.75 million. During the same quarter last year, the company posted $0.46 earnings per share. Starwood Property Trust’s revenue was up 159.8% compared to the same quarter last year.

The company also recently declared a quarterly dividend, which is scheduled for Tuesday, July 15th. Shareholders of record on Monday, June 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 7.85%. The ex-dividend date of this dividend is Thursday, June 26th.

STWD has been the subject of a number of other recent research reports. Analysts at Deutsche Bank set a $26.50 price target on shares of Starwood Property Trust in a research note on Wednesday, May 7th. Separately, analysts at Compass Point cut their price target on shares of Starwood Property Trust from $28.00 to $26.50 in a research note on Monday, March 3rd. They now have a “buy” rating on the stock. Two analysts have rated the stock with a hold rating and two have given a buy rating to the stock. Starwood Property Trust has an average rating of “Buy” and a consensus price target of $27.83.

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