Steward Partners Investment Advisory LLC Takes $215,000 Position in Starwood Property Trust, Inc. (NYSE:STWD)

Steward Partners Investment Advisory LLC bought a new stake in Starwood Property Trust, Inc. (NYSE:STWD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 9,471 shares of the real estate investment trust’s stock, valued at approximately $215,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in STWD. Raymond James & Associates raised its stake in shares of Starwood Property Trust by 37.5% in the first quarter. Raymond James & Associates now owns 2,531,966 shares of the real estate investment trust’s stock valued at $56,589,000 after acquiring an additional 691,038 shares during the period. Timbercreek Investment Management Inc. increased its stake in Starwood Property Trust by 79.0% in the 2nd quarter. Timbercreek Investment Management Inc. now owns 933,789 shares of the real estate investment trust’s stock worth $21,150,000 after buying an additional 412,100 shares during the period. Resource America Inc. purchased a new position in Starwood Property Trust in the 1st quarter worth about $6,146,000. CWM LLC increased its stake in Starwood Property Trust by 19.5% in the 1st quarter. CWM LLC now owns 1,289,272 shares of the real estate investment trust’s stock worth $28,815,000 after buying an additional 210,693 shares during the period. Finally, Geode Capital Management LLC increased its stake in Starwood Property Trust by 6.5% in the 4th quarter. Geode Capital Management LLC now owns 2,998,356 shares of the real estate investment trust’s stock worth $59,281,000 after buying an additional 183,447 shares during the period. 63.79% of the stock is currently owned by institutional investors and hedge funds.

STWD stock opened at $23.49 on Wednesday. The stock has a market cap of $6.61 billion, a P/E ratio of 11.13 and a beta of 0.58. Starwood Property Trust, Inc. has a 12 month low of $19.16 and a 12 month high of $23.85. The business has a 50-day moving average of $23.09. The company has a quick ratio of 3.14, a current ratio of 2.61 and a debt-to-equity ratio of 2.29.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Wednesday, August 7th. The real estate investment trust reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.50 by $0.02. Starwood Property Trust had a net margin of 31.15% and a return on equity of 10.51%. The company had revenue of $351.99 million for the quarter, compared to the consensus estimate of $308.00 million. During the same quarter last year, the firm posted $0.54 EPS. The firm’s revenue was up 14.6% compared to the same quarter last year. As a group, analysts predict that Starwood Property Trust, Inc. will post 1.76 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 8.17%. The ex-dividend date is Friday, September 27th. Starwood Property Trust’s payout ratio is 91.00%.

Separately, Zacks Investment Research raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Thursday, July 18th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $24.25.

About Starwood Property Trust

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.

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Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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