NewEdge Wealth LLC purchased a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 46,037 shares of the real estate investment trust’s stock, valued at approximately $829,000.
A number of other institutional investors and hedge funds also recently made changes to their positions in STWD. Grange Capital LLC grew its stake in shares of Starwood Property Trust by 6.1% in the fourth quarter. Grange Capital LLC now owns 256,867 shares of the real estate investment trust’s stock valued at $4,626,000 after buying an additional 14,870 shares in the last quarter. International Assets Investment Management LLC raised its position in Starwood Property Trust by 6.7% during the fourth quarter. International Assets Investment Management LLC now owns 35,842 shares of the real estate investment trust’s stock worth $646,000 after acquiring an additional 2,236 shares in the last quarter. MGO One Seven LLC lifted its stake in Starwood Property Trust by 21.9% in the fourth quarter. MGO One Seven LLC now owns 68,069 shares of the real estate investment trust’s stock valued at $1,226,000 after acquiring an additional 12,213 shares during the last quarter. RFG Advisory LLC lifted its stake in Starwood Property Trust by 10.7% in the fourth quarter. RFG Advisory LLC now owns 187,797 shares of the real estate investment trust’s stock valued at $3,382,000 after acquiring an additional 18,121 shares during the last quarter. Finally, Kingstone Capital Partners Texas LLC bought a new position in shares of Starwood Property Trust in the 4th quarter valued at about $204,000. Institutional investors own 49.82% of the company’s stock.
Insider Buying and Selling at Starwood Property Trust
In related news, Director Jeffrey G. Dishner sold 7,013 shares of Starwood Property Trust stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $17.13, for a total transaction of $120,132.69. Following the completion of the sale, the director directly owned 168,152 shares of the company’s stock, valued at approximately $2,880,443.76. This trade represents a 4.00% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 5.80% of the company’s stock.
Starwood Property Trust Stock Performance
Starwood Property Trust (NYSE:STWD – Get Free Report) last announced its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). The company had revenue of $205.55 million during the quarter, compared to analyst estimates of $496.25 million. Starwood Property Trust had a net margin of 18.11% and a return on equity of 7.91%. The firm’s quarterly revenue was up 22.5% on a year-over-year basis. During the same quarter last year, the company posted $0.45 EPS. On average, sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.69 EPS for the current year.
Starwood Property Trust declared that its board has authorized a stock repurchase program on Thursday, February 26th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 6.1% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.
Starwood Property Trust Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, March 31st. This represents a $1.92 annualized dividend and a dividend yield of 11.2%. Starwood Property Trust’s dividend payout ratio is presently 200.00%.
Analyst Upgrades and Downgrades
STWD has been the topic of several recent analyst reports. JPMorgan Chase & Co. lowered their price objective on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating on the stock in a research note on Thursday, April 16th. Weiss Ratings cut Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday. Keefe, Bruyette & Woods lowered their price target on Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating on the stock in a research report on Wednesday. Wells Fargo & Company dropped their price objective on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $19.00 price objective on shares of Starwood Property Trust in a research report on Friday, March 6th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. Based on data from MarketBeat.com, Starwood Property Trust has an average rating of “Hold” and an average price target of $19.70.
Read Our Latest Stock Analysis on STWD
Starwood Property Trust 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.
Further Reading
- Five stocks we like better than Starwood Property Trust
- YETI Rallies After Earnings Beat and Raised Outlook
- How the 3 Leading Quantum Firms Stack Up After Q1 Earnings
- Cisco’s Vertical Rally May Still Be in the Early Innings
- Amazon vs. Alibaba: One Is Clearly The Better Value Play right Now
Want to see what other hedge funds are holding STWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starwood Property Trust, Inc. (NYSE:STWD – Free Report).
Receive News & Ratings for Starwood Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starwood Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.
