Starwood Property Trust, Inc. (NYSE:STWD – Get Free Report) hit a new 52-week low during mid-day trading on Monday . The stock traded as low as $16.89 and last traded at $17.0650, with a volume of 485427 shares. The stock had previously closed at $17.04.
Wall Street Analyst Weigh In
STWD has been the subject of a number of research analyst reports. Keefe, Bruyette & Woods cut their target price on Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Bank of America restated a “neutral” rating and issued a $19.00 target price on shares of Starwood Property Trust in a research report on Friday, March 6th. JPMorgan Chase & Co. cut their target price on Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a research report on Thursday, April 16th. Wells Fargo & Company cut their target price on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Finally, Weiss Ratings downgraded Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday, May 11th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, Starwood Property Trust currently has an average rating of “Hold” and a consensus target price of $19.70.
View Our Latest Stock Report on Starwood Property Trust
Starwood Property Trust Price Performance
Starwood Property Trust (NYSE:STWD – Get Free Report) last announced its quarterly earnings data 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). Starwood Property Trust had a net margin of 18.11% and a return on equity of 7.91%. The company had revenue of $205.55 million for the quarter, compared to analyst estimates of $496.25 million. During the same quarter last year, the company posted $0.45 EPS. Starwood Property Trust’s revenue was up 22.5% on a year-over-year basis. As a group, research analysts predict that Starwood Property Trust, Inc. will post 1.69 earnings per share for the current fiscal year.
Starwood Property Trust Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 11.4%. The ex-dividend date was Tuesday, March 31st. Starwood Property Trust’s dividend payout ratio is 200.00%.
Starwood Property Trust announced that its Board of Directors has approved a share repurchase plan on Thursday, February 26th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 6.1% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.
Insider Activity at Starwood Property Trust
In other news, Director Jeffrey G. Dishner sold 7,013 shares of the stock in a transaction 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 owned 168,152 shares in the company, valued at approximately $2,880,443.76. This represents a 4.00% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 5.80% of the company’s stock.
Institutional Investors Weigh In On Starwood Property Trust
A number of institutional investors and hedge funds have recently modified their holdings of the stock. Western Wealth Management LLC acquired a new stake in shares of Starwood Property Trust during the 1st quarter valued at $74,000. Centaurus Financial Inc. lifted its position in shares of Starwood Property Trust by 4.9% during the 1st quarter. Centaurus Financial Inc. now owns 265,990 shares of the real estate investment trust’s stock valued at $4,580,000 after acquiring an additional 12,356 shares during the last quarter. Sunbelt Securities Inc. lifted its position in shares of Starwood Property Trust by 32.4% during the 1st quarter. Sunbelt Securities Inc. now owns 82,768 shares of the real estate investment trust’s stock valued at $1,425,000 after acquiring an additional 20,240 shares during the last quarter. Amundi lifted its position in shares of Starwood Property Trust by 67.7% during the 1st quarter. Amundi now owns 34,743 shares of the real estate investment trust’s stock valued at $598,000 after acquiring an additional 14,021 shares during the last quarter. Finally, California State Teachers Retirement System lifted its position in shares of Starwood Property Trust by 27.2% during the 1st quarter. California State Teachers Retirement System now owns 422,460 shares of the real estate investment trust’s stock valued at $7,275,000 after acquiring an additional 90,377 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.
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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