Kingswood Wealth Advisors LLC purchased a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 12,150 shares of the real estate investment trust’s stock, valued at approximately $230,000.
A number of other institutional investors and hedge funds also recently bought and sold shares of the business. GAMMA Investing LLC increased its stake in Starwood Property Trust by 54.1% during the second quarter. GAMMA Investing LLC now owns 2,263 shares of the real estate investment trust’s stock worth $43,000 after purchasing an additional 794 shares during the period. Red Spruce Capital LLC increased its stake in Starwood Property Trust by 9.3% during the second quarter. Red Spruce Capital LLC now owns 35,159 shares of the real estate investment trust’s stock worth $666,000 after purchasing an additional 3,002 shares during the period. Cetera Advisors LLC increased its stake in Starwood Property Trust by 236.4% during the first quarter. Cetera Advisors LLC now owns 126,267 shares of the real estate investment trust’s stock worth $2,567,000 after purchasing an additional 88,731 shares during the period. Cetera Investment Advisers increased its stake in Starwood Property Trust by 70.0% during the first quarter. Cetera Investment Advisers now owns 334,893 shares of the real estate investment trust’s stock worth $6,808,000 after purchasing an additional 137,923 shares during the period. Finally, Price T Rowe Associates Inc. MD grew its position in shares of Starwood Property Trust by 5.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 177,957 shares of the real estate investment trust’s stock worth $3,618,000 after buying an additional 9,208 shares in the last quarter. 49.82% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Upgrades and Downgrades
A number of brokerages have recently commented on STWD. Keefe, Bruyette & Woods lowered their price objective on Starwood Property Trust from $20.50 to $20.00 and set a “market perform” rating for the company in a research report on Wednesday, July 10th. Raymond James lowered their price objective on Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating for the company in a research report on Thursday, May 16th. JPMorgan Chase & Co. boosted their price objective on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. BTIG Research reissued a “buy” rating and set a $24.00 price objective on shares of Starwood Property Trust in a research report on Friday, July 19th. Finally, Wolfe Research began coverage on Starwood Property Trust in a research report on Tuesday, June 25th. They set a “peer perform” rating for the company. Five equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.71.
Check Out Our Latest Report on Starwood Property Trust
Starwood Property Trust Stock Performance
Shares of STWD opened at $19.56 on Friday. The stock has a 50 day moving average price of $19.44 and a 200 day moving average price of $19.72. The company has a quick ratio of 2.49, a current ratio of 1.84 and a debt-to-equity ratio of 2.80. The company has a market capitalization of $6.18 billion, a price-to-earnings ratio of 14.07 and a beta of 1.69. Starwood Property Trust, Inc. has a 52-week low of $17.07 and a 52-week high of $22.29.
Starwood Property Trust (NYSE:STWD – Get Free Report) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The firm had revenue of $489.80 million during the quarter, compared to the consensus estimate of $505.23 million. Starwood Property Trust had a return on equity of 10.03% and a net margin of 17.05%. The firm’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period in the prior year, the company posted $0.47 earnings per share. Research analysts predict that Starwood Property Trust, Inc. will post 1.91 EPS for the current fiscal year.
Starwood Property Trust Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.82%. The ex-dividend date is Monday, September 30th. Starwood Property Trust’s payout ratio is currently 138.13%.
About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.
Further Reading
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