Kestra Advisory Services LLC increased its position in Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 63.3% in the 1st quarter, Holdings Channel.com reports. The firm owned 331,004 shares of the real estate investment trust’s stock after buying an additional 128,300 shares during the quarter. Kestra Advisory Services LLC’s holdings in Starwood Property Trust were worth $5,700,000 as of its most recent SEC filing.
A number of other large investors have also added to or reduced their stakes in STWD. Peak Financial Advisors LLC increased its stake in Starwood Property Trust by 2.2% during the 1st quarter. Peak Financial Advisors LLC now owns 25,664 shares of the real estate investment trust’s stock worth $442,000 after buying an additional 559 shares during the period. Brown Advisory Inc. boosted its position in Starwood Property Trust by 1.3% in the 4th quarter. Brown Advisory Inc. now owns 47,432 shares of the real estate investment trust’s stock valued at $854,000 after buying an additional 600 shares during the last quarter. CIBC Private Wealth Group LLC grew its stake in shares of Starwood Property Trust by 11.5% during the third quarter. CIBC Private Wealth Group LLC now owns 5,943 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 613 shares in the last quarter. Quadrant Capital Group LLC increased its position in shares of Starwood Property Trust by 2.3% during the third quarter. Quadrant Capital Group LLC now owns 27,220 shares of the real estate investment trust’s stock worth $527,000 after acquiring an additional 621 shares during the last quarter. Finally, Mutual Advisors LLC increased its position in shares of Starwood Property Trust by 1.8% during the fourth quarter. Mutual Advisors LLC now owns 36,608 shares of the real estate investment trust’s stock worth $659,000 after acquiring an additional 631 shares during the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.
Wall Street Analysts Forecast Growth
A number of research analysts recently commented on the company. JPMorgan Chase & Co. reduced their price target on Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Weiss Ratings downgraded Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Keefe, Bruyette & Woods cut their target price on Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. Zacks Research upgraded Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, UBS Group began coverage on shares of 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. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $19.70.
Starwood Property Trust Stock Performance
Shares of STWD stock opened at $16.66 on Thursday. The stock has a market capitalization of $6.18 billion, a price-to-earnings ratio of 17.36, a PEG ratio of 2.19 and a beta of 0.98. Starwood Property Trust, Inc. has a one year low of $16.29 and a one year high of $20.90. The company’s 50-day simple moving average is $16.92 and its 200-day simple moving average is $17.60. The company has a debt-to-equity ratio of 3.31, a quick ratio of 1.57 and a current ratio of 1.57.
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 earnings per share for the quarter, missing the consensus estimate 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 firm had revenue of $205.55 million during the quarter, compared to the consensus estimate of $496.25 million. During the same period in the prior year, the firm earned $0.45 earnings per share. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. Equities analysts anticipate that Starwood Property Trust, Inc. will post 1.55 earnings per share for the current fiscal year.
Starwood Property Trust Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 11.5%. The ex-dividend date was Tuesday, June 30th. Starwood Property Trust’s payout ratio is 200.00%.
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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