William John Sempolinski acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD – Free Report) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 37,677 shares of the real estate investment trust’s stock, valued at approximately $617,000.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Los Angeles Capital Management LLC bought a new stake in shares of Starwood Property Trust during the fourth quarter valued at approximately $28,000. Versant Capital Management Inc grew its holdings in Starwood Property Trust by 293.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,954 shares of the real estate investment trust’s stock worth $32,000 after buying an additional 1,457 shares in the last quarter. Orion Capital Management LLC bought a new position in Starwood Property Trust in the 2nd quarter worth approximately $33,000. CENTRAL TRUST Co increased its position in Starwood Property Trust by 66.6% in the 1st quarter. CENTRAL TRUST Co now owns 2,493 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 997 shares during the period. Finally, Northwestern Mutual Wealth Management Co. increased its position in Starwood Property Trust by 169.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,266 shares of the real estate investment trust’s stock valued at $59,000 after acquiring an additional 2,053 shares during the period. 49.82% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
A number of research analysts have issued reports on STWD shares. UBS Group assumed coverage on Starwood Property Trust in a research report on Tuesday, June 2nd. They set a “buy” rating and a $20.00 price target for the company. Keefe, Bruyette & Woods lowered their price target on Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating on the stock in a report on Friday, August 7th. JPMorgan Chase & Co. cut their price objective on shares of Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a research note on Tuesday, August 18th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Starwood Property Trust in a report on Friday, August 7th. Finally, Wells Fargo & Company set a $20.00 target price on shares of Starwood Property Trust in a research report on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $19.20.
Starwood Property Trust Price Performance
Shares of Starwood Property Trust stock opened at $16.12 on Friday. Starwood Property Trust, Inc. has a 52 week low of $15.48 and a 52 week high of $20.84. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 3.47. The stock has a market cap of $5.97 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 2.09 and a beta of 0.98. The company’s 50-day moving average price is $16.37 and its two-hundred day moving average price is $17.11.
Starwood Property Trust (NYSE:STWD – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $201.42 million during the quarter, compared to analyst estimates of $521.67 million. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.43 EPS. As a group, sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.4 EPS for the current fiscal year.
Starwood Property Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.48 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.92 annualized dividend and a yield of 11.9%. Starwood Property Trust’s 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.
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