Texas Capital Bank Wealth Management Services Inc Purchases Shares of 193,760 Starwood Property Trust, Inc. $STWD

Texas Capital Bank Wealth Management Services Inc acquired a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 193,760 shares of the real estate investment trust’s stock, valued at approximately $3,174,000.

Several other large investors have also recently modified their holdings of the stock. CENTRAL TRUST Co boosted its holdings in Starwood Property Trust by 154.4% during the 4th quarter. CENTRAL TRUST Co now owns 1,496 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 908 shares during the period. Los Angeles Capital Management LLC purchased a new position in Starwood Property Trust in the 4th quarter worth approximately $28,000. Versant Capital Management Inc lifted its position in Starwood Property Trust by 293.2% in the second quarter. Versant Capital Management Inc now owns 1,954 shares of the real estate investment trust’s stock valued at $32,000 after purchasing an additional 1,457 shares during the last quarter. North Star Investment Management Corp. lifted its position in Starwood Property Trust by 1,605.0% in the first quarter. North Star Investment Management Corp. now owns 3,410 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 3,210 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Starwood Property Trust by 169.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,266 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 2,053 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Trading Down 0.2%

NYSE STWD opened at $16.27 on Tuesday. The stock has a market cap of $6.02 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98. Starwood Property Trust, Inc. has a fifty-two week low of $15.51 and a fifty-two week high of $20.84. The stock has a 50 day simple moving average of $16.58 and a two-hundred day simple moving average of $17.30. 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 earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $201.42 million for the quarter, compared to analysts’ expectations of $521.67 million. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.The business’s revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. On average, analysts forecast that Starwood Property Trust, Inc. will post 1.51 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were issued a $0.48 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.92 annualized dividend and a yield of 11.8%. Starwood Property Trust’s payout ratio is 325.42%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on STWD shares. Keefe, Bruyette & Woods cut their target price on shares of Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating on the stock in a report on Friday, August 7th. Wells Fargo & Company set a $20.00 price target on shares of Starwood Property Trust in a report on Monday. Weiss Ratings reissued a “hold (c-)” rating on shares of Starwood Property Trust in a research report on Friday, August 7th. Wall Street Zen lowered shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Finally, Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $19.30.

About Starwood Property Trust

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.