World Asset Management Inc acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 10,340 shares of the real estate investment trust’s stock, valued at approximately $155,000.
Other institutional investors and hedge funds have also modified their holdings of the company. West Bancorporation Inc. acquired a new position in shares of Starwood Property Trust in the 1st quarter valued at approximately $26,000. Patriot Financial Group Insurance Agency LLC boosted its position in Starwood Property Trust by 66.1% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 2,533 shares of the real estate investment trust’s stock worth $26,000 after acquiring an additional 1,008 shares during the last quarter. Marshall Wace North America L.P. acquired a new position in Starwood Property Trust during the 1st quarter worth approximately $60,000. Carroll Financial Associates Inc. boosted its position in Starwood Property Trust by 769.6% during the 2nd quarter. Carroll Financial Associates Inc. now owns 3,435 shares of the real estate investment trust’s stock worth $51,000 after acquiring an additional 3,040 shares during the last quarter. Finally, CWM Advisors LLC acquired a new position in Starwood Property Trust during the 1st quarter worth approximately $40,000. Institutional investors and hedge funds own 55.09% of the company’s stock.
NYSE STWD opened at $14.95 on Friday. The company has a market cap of $4.22 billion, a PE ratio of 11.77 and a beta of 1.42. The company has a current ratio of 4.47, a quick ratio of 4.47 and a debt-to-equity ratio of 2.60. Starwood Property Trust, Inc. has a 12 month low of $7.59 and a 12 month high of $26.33. The stock has a 50 day moving average of $14.77 and a 200-day moving average of $16.99.
Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Monday, May 4th. The real estate investment trust reported $0.55 EPS for the quarter, beating the consensus estimate of $0.50 by $0.05. The company had revenue of $211.40 million during the quarter, compared to the consensus estimate of $297.83 million. Starwood Property Trust had a return on equity of 11.61% and a net margin of 30.10%. The firm’s revenue for the quarter was down 31.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.28 EPS. As a group, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.68 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 12.84%. The ex-dividend date of this dividend was Monday, June 29th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 112.28%.
A number of equities analysts have weighed in on the company. JMP Securities reduced their price target on Starwood Property Trust from $26.00 to $16.00 and set a “market outperform” rating for the company in a research report on Tuesday, May 5th. Deutsche Bank upped their price target on Starwood Property Trust from $17.00 to $19.00 and gave the stock a “buy” rating in a research report on Wednesday, June 17th. Wells Fargo & Co reaffirmed a “buy” rating on shares of Starwood Property Trust in a research report on Monday, May 4th. B. Riley cut their price objective on Starwood Property Trust from $27.00 to $18.00 and set a “buy” rating for the company in a report on Tuesday, May 5th. Finally, Credit Suisse Group cut their price objective on Starwood Property Trust from $26.00 to $16.00 and set an “outperform” rating for the company in a report on Monday, April 27th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $20.50.
Starwood Property Trust Company Profile
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
Recommended Story: What does a bar chart mean for investors?
Want to see what other hedge funds are holding STWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starwood Property Trust, Inc. (NYSE:STWD).
Receive News & Ratings for Starwood Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starwood Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.