Lake Street Private Wealth LLC grew its position in Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 33.3% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 196,150 shares of the real estate investment trust’s stock after purchasing an additional 48,975 shares during the period. Lake Street Private Wealth LLC’s holdings in Starwood Property Trust were worth $2,648,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in STWD. Quantum Portfolio Management LLC raised its holdings in shares of Starwood Property Trust by 882,760.9% during the first quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust’s stock valued at $1,931,676,000 after buying an additional 112,163,596 shares during the last quarter. BlackRock Inc. acquired a new position in shares of Starwood Property Trust during the second quarter worth approximately $589,366,000. Advisors Capital Management LLC acquired a new position in shares of Starwood Property Trust during the second quarter worth approximately $70,121,000. HighTower Advisors LLC boosted its position in shares of Starwood Property Trust by 8.8% during the second quarter. HighTower Advisors LLC now owns 3,046,542 shares of the real estate investment trust’s stock worth $49,902,000 after buying an additional 246,741 shares during the period. Finally, Bank of New York Mellon Corp bought a new position in Starwood Property Trust in the 2nd quarter worth approximately $38,498,000. Institutional investors and hedge funds own 49.82% of the company’s stock.
Starwood Property Trust Stock Up 3.8%
Starwood Property Trust stock opened at $12.59 on Friday. Starwood Property Trust, Inc. has a 52 week low of $11.84 and a 52 week high of $18.80. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 1.68 and a beta of 1.01. The company’s 50-day moving average price is $14.59 and its two-hundred day moving average price is $16.20. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 3.47.
Starwood Property Trust (NYSE:STWD – Get Free Report) last issued 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. The company had revenue of $201.42 million during the quarter, compared to analyst estimates of $521.67 million. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.43 EPS. On average, analysts expect that Starwood Property Trust, Inc. will post 1.33 EPS for the current fiscal year.
Starwood Property Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Investors of record on Wednesday, September 30th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.92 annualized dividend and a yield of 15.2%. Starwood Property Trust’s payout ratio is presently 325.42%.
Analysts Set New Price Targets
STWD has been the topic of several analyst reports. Zacks Research upgraded Starwood Property Trust from a “hold” rating to a “strong-buy” rating in a research report on Tuesday. JPMorgan Chase & Co. cut their target price on Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a research note on Tuesday, August 18th. Citigroup reiterated a “market outperform” rating on shares of Starwood Property Trust in a research report on Thursday, September 24th. Wells Fargo & Company set a $20.00 price target on Starwood Property Trust in a research report on Monday, August 17th. Finally, Wall Street Zen cut Starwood Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. One equities research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, Starwood Property Trust currently has an average rating of “Moderate Buy” and a consensus price target of $18.70.
Check Out Our Latest Analysis on Starwood Property Trust
Starwood Property Trust Company Profile
Starwood Property Trust, Inc is a real estate investment trust that focuses on commercial real estate finance and related investments. The company originates, acquires, and manages a range of real estate debt and equity investments, serving institutional borrowers, property owners, and developers.
Its portfolio and lending activities include senior mortgage loans, mezzanine debt, subordinated loans, preferred equity, commercial mortgage-backed securities, and other structured real estate investments.
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