Leeward Investments LLC MA lifted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 1.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,324,081 shares of the real estate investment trust’s stock after purchasing an additional 15,874 shares during the quarter. Starwood Property Trust comprises about 1.4% of Leeward Investments LLC MA’s investment portfolio, making the stock its 11th largest holding. Leeward Investments LLC MA owned 0.39% of Starwood Property Trust worth $26,177,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors also recently made changes to their positions in STWD. D.A. Davidson & CO. grew its position in Starwood Property Trust by 6.3% in the first quarter. D.A. Davidson & CO. now owns 65,112 shares of the real estate investment trust’s stock worth $1,287,000 after buying an additional 3,840 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Starwood Property Trust by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 737,047 shares of the real estate investment trust’s stock valued at $14,571,000 after purchasing an additional 2,993 shares during the period. Teacher Retirement System of Texas purchased a new position in Starwood Property Trust in the 1st quarter worth about $925,000. Fiduciary Group LLC raised its holdings in Starwood Property Trust by 12.9% during the 1st quarter. Fiduciary Group LLC now owns 26,354 shares of the real estate investment trust’s stock worth $521,000 after buying an additional 3,015 shares during the period. Finally, Rossby Financial LCC acquired a new stake in Starwood Property Trust during the 1st quarter worth about $80,000. 49.82% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
STWD has been the topic of several analyst reports. UBS Group reissued a “neutral” rating and issued a $19.50 target price (up from $19.00) on shares of Starwood Property Trust in a research report on Wednesday, May 21st. Keefe, Bruyette & Woods decreased their price objective on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Starwood Property Trust from $19.00 to $19.50 and gave the stock an “overweight” rating in a research report on Monday, May 12th. One analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $21.83.
Starwood Property Trust Price Performance
Shares of STWD opened at $20.76 on Friday. The business’s 50-day moving average is $19.84 and its 200-day moving average is $19.51. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.74 and a quick ratio of 1.74. The company has a market capitalization of $7.05 billion, a price-to-earnings ratio of 21.85 and a beta of 1.24. Starwood Property Trust, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $21.17.
Starwood Property Trust (NYSE:STWD – Get Free Report) last released its quarterly earnings data on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). The company had revenue of $418.18 million during the quarter, compared to analyst estimates of $469.00 million. Starwood Property Trust had a net margin of 17.26% and a return on equity of 8.87%. During the same quarter in the prior year, the company posted $0.59 EPS. Equities research analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.
Starwood Property Trust Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 30th will be paid a $0.48 dividend. The ex-dividend date is Monday, June 30th. This represents a $1.92 annualized dividend and a dividend yield of 9.25%. Starwood Property Trust’s payout ratio is 202.11%.
Starwood Property Trust Profile
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.
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