Palogic Value Management L.P. Takes Position in Starwood Property Trust, Inc. $STWD

Palogic Value Management L.P. bought a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 47,687 shares of the real estate investment trust’s stock, valued at approximately $781,000.

Several other hedge funds have also added to or reduced their stakes in STWD. Quantum Portfolio Management LLC boosted its stake in Starwood Property Trust by 882,760.9% in the 1st quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust’s stock valued at $1,931,676,000 after purchasing an additional 112,163,596 shares during the period. BlackRock Inc. bought a new position in Starwood Property Trust during the 2nd quarter worth $589,366,000. Geode Capital Management LLC increased its position in Starwood Property Trust by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust’s stock worth $115,453,000 after buying an additional 148,740 shares during the period. Northern Trust Corp lifted its holdings in shares of Starwood Property Trust by 1.2% during the third quarter. Northern Trust Corp now owns 5,387,358 shares of the real estate investment trust’s stock worth $104,353,000 after buying an additional 64,178 shares in the last quarter. Finally, Advisors Capital Management LLC acquired a new stake in shares of Starwood Property Trust during the second quarter worth $70,121,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company set a $20.00 target price on shares of Starwood Property Trust in a research report on Monday, August 17th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Starwood Property Trust in a research note on Friday, August 7th. JPMorgan Chase & Co. decreased their target price on shares of Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a research report on Tuesday, August 18th. Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Finally, UBS Group started coverage on Starwood Property Trust in a research note on Tuesday, June 2nd. They issued a “buy” rating and a $20.00 price target for the company. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $19.20.

Starwood Property Trust Stock Down 1.1%

Shares of NYSE STWD opened at $15.94 on Thursday. The stock has a market capitalization of $5.90 billion, a P/E ratio of 27.02, a PEG ratio of 2.12 and a beta of 0.98. The stock’s fifty day moving average is $16.49 and its 200 day moving average is $17.21. Starwood Property Trust, Inc. has a 52 week low of $15.51 and a 52 week high of $20.84. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.46 and a current ratio of 1.46.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The business had revenue of $201.42 million during the quarter, compared to analysts’ expectations of $521.67 million. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. Starwood Property Trust’s revenue was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.43 earnings per share. Sell-side analysts forecast that Starwood Property Trust, Inc. will post 1.4 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 12.0%. The ex-dividend date of this dividend was Tuesday, June 30th. Starwood Property Trust’s dividend payout ratio is 325.42%.

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.