Starwood Property Trust, Inc. (NYSE:STWD – Get Free Report)’s stock price hit a new 52-week low during trading on Tuesday . The company traded as low as $15.50 and last traded at $15.5050, with a volume of 1740353 shares traded. The stock had previously closed at $15.70.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods dropped their target price on shares of Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating for the company in a research note on Friday, August 7th. Wells Fargo & Company set a $20.00 price target on shares of Starwood Property Trust in a research note on Monday, August 17th. Weiss Ratings reissued a “hold (c-)” rating on shares of Starwood Property Trust in a report on Friday, August 7th. UBS Group assumed coverage on shares of Starwood Property Trust in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $20.00 price objective for the company. Finally, Zacks Research raised Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.20.
View Our Latest Stock Report on STWD
Starwood Property Trust Stock Performance
Starwood Property Trust (NYSE:STWD – Get Free Report) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. The business had revenue of $201.42 million during the quarter, compared to the consensus estimate of $521.67 million. During the same period in the previous year, the firm posted $0.43 earnings per share. Starwood Property Trust’s revenue for the quarter was up 15.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.4 EPS for the current year.
Starwood Property Trust Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a dividend of $0.48 per share. The ex-dividend date was Tuesday, June 30th. This represents a $1.92 annualized dividend and a dividend yield of 12.3%. Starwood Property Trust’s payout ratio is presently 325.42%.
Institutional Inflows and Outflows
A number of large investors have recently made changes to their positions in the stock. Quantum Portfolio Management LLC boosted its position in shares of Starwood Property Trust by 882,760.9% in the 1st quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust’s stock worth $1,931,676,000 after purchasing an additional 112,163,596 shares during the last quarter. BlackRock Inc. acquired a new position in Starwood Property Trust in the second quarter valued at about $589,366,000. California State Teachers Retirement System lifted its stake in Starwood Property Trust by 1,492.8% in the second quarter. California State Teachers Retirement System now owns 6,729,051 shares of the real estate investment trust’s stock valued at $110,222,000 after buying an additional 6,306,591 shares during the period. Geode Capital Management LLC boosted its holdings in Starwood Property Trust by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust’s stock worth $115,453,000 after buying an additional 148,740 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in Starwood Property Trust by 1.2% during the third quarter. Northern Trust Corp now owns 5,387,358 shares of the real estate investment trust’s stock worth $104,353,000 after buying an additional 64,178 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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