Raymond James Trust N.A. purchased a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 8,691 shares of the real estate investment trust’s stock, valued at approximately $216,000.
Other institutional investors have also modified their holdings of the company. Lenox Wealth Advisors LLC bought a new position in shares of Starwood Property Trust during the 3rd quarter worth about $25,000. AdvisorNet Financial Inc boosted its position in shares of Starwood Property Trust by 484.9% during the 3rd quarter. AdvisorNet Financial Inc now owns 1,088 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 902 shares in the last quarter. Stonebridge Capital Advisors LLC bought a new position in shares of Starwood Property Trust during the 2nd quarter worth about $45,000. MCF Advisors LLC bought a new position in shares of Starwood Property Trust during the 3rd quarter worth about $52,000. Finally, Quad Cities Investment Group LLC boosted its position in shares of Starwood Property Trust by 42.7% during the 3rd quarter. Quad Cities Investment Group LLC now owns 2,427 shares of the real estate investment trust’s stock worth $59,000 after purchasing an additional 726 shares in the last quarter. Hedge funds and other institutional investors own 60.74% of the company’s stock.
A number of equities analysts have recently issued reports on STWD shares. Wells Fargo & Co started coverage on shares of Starwood Property Trust in a research report on Monday, December 2nd. They set an “outperform” rating and a $26.00 price objective on the stock. B. Riley increased their price objective on shares of Starwood Property Trust from $25.50 to $27.00 and gave the stock a “buy” rating in a research report on Monday, January 13th. Finally, Zacks Investment Research raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Tuesday, January 14th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $26.60.
Shares of NYSE STWD opened at $25.40 on Tuesday. Starwood Property Trust, Inc. has a fifty-two week low of $20.83 and a fifty-two week high of $25.56. The stock has a market cap of $7.16 billion, a price-to-earnings ratio of 17.05 and a beta of 0.55. The company has a debt-to-equity ratio of 2.26, a quick ratio of 1.91 and a current ratio of 1.91. The firm’s 50-day simple moving average is $24.95 and its 200 day simple moving average is $24.14.
Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Friday, November 8th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Starwood Property Trust had a net margin of 34.61% and a return on equity of 10.49%. The business had revenue of $288.33 million for the quarter, compared to analysts’ expectations of $327.04 million. During the same quarter last year, the firm earned $0.53 EPS. The firm’s revenue for the quarter was up .9% compared to the same quarter last year. On average, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.74 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a $0.48 dividend. The ex-dividend date was Monday, December 30th. This represents a $1.92 annualized dividend and a yield of 7.56%. Starwood Property Trust’s payout ratio is 91.00%.
About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
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