Grange Capital LLC Acquires New Stake in Starwood Property Trust, Inc. (NYSE:STWD)

Grange Capital LLC acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 254,678 shares of the real estate investment trust’s stock, valued at approximately $4,826,000. Starwood Property Trust comprises 5.1% of Grange Capital LLC’s investment portfolio, making the stock its 5th largest position. Grange Capital LLC owned about 0.08% of Starwood Property Trust as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of STWD. Envestnet Asset Management Inc. lifted its stake in Starwood Property Trust by 6.4% in the second quarter. Envestnet Asset Management Inc. now owns 316,834 shares of the real estate investment trust’s stock valued at $6,001,000 after purchasing an additional 19,031 shares during the last quarter. Marshall Wace LLP raised its holdings in Starwood Property Trust by 161.2% during the 2nd quarter. Marshall Wace LLP now owns 39,467 shares of the real estate investment trust’s stock valued at $748,000 after acquiring an additional 24,357 shares during the period. Cubist Systematic Strategies LLC bought a new stake in Starwood Property Trust during the 2nd quarter valued at $244,000. Squarepoint Ops LLC raised its holdings in Starwood Property Trust by 1,490.6% during the 2nd quarter. Squarepoint Ops LLC now owns 150,436 shares of the real estate investment trust’s stock valued at $2,849,000 after acquiring an additional 161,254 shares during the period. Finally, AQR Capital Management LLC bought a new stake in Starwood Property Trust during the 2nd quarter valued at $203,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the stock. UBS Group boosted their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a report on Friday, November 15th. Keefe, Bruyette & Woods lowered their target price on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, January 14th. JPMorgan Chase & Co. lowered their target price on shares of Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating on the stock in a report on Tuesday. Finally, JMP Securities lowered their target price on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a report on Thursday, November 7th. Three analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Starwood Property Trust presently has an average rating of “Moderate Buy” and an average target price of $22.13.

Starwood Property Trust Trading Up 0.8 %

Starwood Property Trust stock opened at $19.19 on Friday. The stock has a market cap of $6.47 billion, a P/E ratio of 16.40 and a beta of 1.69. Starwood Property Trust, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $21.19. The firm’s fifty day moving average price is $19.55 and its 200-day moving average price is $19.82. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.05. The business had revenue of $479.50 million for the quarter, compared to analysts’ expectations of $488.63 million. Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The firm’s revenue was down 8.1% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.46 earnings per share. Equities research analysts forecast that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were paid a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, December 31st. This represents a $1.92 dividend on an annualized basis and a yield of 10.01%. Starwood Property Trust’s dividend payout ratio is presently 164.10%.

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.