HBK Sorce Advisory LLC Buys Shares of 44,721 Starwood Property Trust, Inc. $STWD

HBK Sorce Advisory LLC purchased a new position in Starwood Property Trust, Inc. (NYSE:STWD) during the 3rd quarter, HoldingsChannel.com reports. The firm purchased 44,721 shares of the real estate investment trust’s stock, valued at approximately $840,000.

A number of other large investors also recently bought and sold shares of STWD. Exchange Traded Concepts LLC purchased a new stake in Starwood Property Trust in the third quarter worth $759,000. CHICAGO TRUST Co NA bought a new position in shares of Starwood Property Trust in the third quarter worth about $354,000. Sound Income Strategies LLC purchased a new position in Starwood Property Trust in the 3rd quarter worth about $99,000. Seneca House Advisors lifted its holdings in Starwood Property Trust by 2.2% during the 3rd quarter. Seneca House Advisors now owns 545,931 shares of the real estate investment trust’s stock valued at $10,575,000 after buying an additional 11,755 shares in the last quarter. Finally, Red Door Wealth Management LLC boosted its position in Starwood Property Trust by 22.3% in the 3rd quarter. Red Door Wealth Management LLC now owns 24,707 shares of the real estate investment trust’s stock valued at $479,000 after buying an additional 4,502 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Up 0.6%

Starwood Property Trust stock opened at $18.56 on Thursday. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 2.98. The firm has a market cap of $6.87 billion, a P/E ratio of 17.67 and a beta of 1.14. The business has a fifty day moving average of $18.27 and a two-hundred day moving average of $19.41. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.05.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Monday, November 10th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). The company had revenue of $247.87 million during the quarter, compared to the consensus estimate of $479.70 million. Starwood Property Trust had a return on equity of 8.41% and a net margin of 20.28%.The company’s revenue was up 1.9% on a year-over-year basis. During the same period in the previous year, the firm posted $0.48 earnings per share. On average, analysts forecast that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.3%. The ex-dividend date of this dividend is Wednesday, December 31st. Starwood Property Trust’s dividend payout ratio is presently 182.86%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Wells Fargo & Company reduced their target price on shares of Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Keefe, Bruyette & Woods reduced their price objective on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. Weiss Ratings reiterated a “hold (c)” rating on shares of Starwood Property Trust in a report on Wednesday, October 8th. Finally, Zacks Research lowered Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Three investment analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $20.63.

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.