Starwood Property Trust, Inc. (NYSE:STWD) Shares Acquired by Carnegie Lake Advisors LLC

Carnegie Lake Advisors LLC grew its position in Starwood Property Trust, Inc. (NYSE:STWD) by 0.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,869 shares of the real estate investment trust’s stock after purchasing an additional 600 shares during the period. Carnegie Lake Advisors LLC’s holdings in Starwood Property Trust were worth $1,500,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Starwood Property Trust by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust’s stock valued at $586,375,000 after purchasing an additional 377,939 shares in the last quarter. Northern Trust Corp raised its position in shares of Starwood Property Trust by 16.2% in the 4th quarter. Northern Trust Corp now owns 5,287,030 shares of the real estate investment trust’s stock valued at $100,189,000 after purchasing an additional 736,699 shares in the last quarter. Norges Bank acquired a new position in shares of Starwood Property Trust in the 4th quarter valued at approximately $63,044,000. Raymond James Financial Inc. acquired a new position in shares of Starwood Property Trust in the 4th quarter valued at approximately $48,841,000. Finally, Adage Capital Partners GP L.L.C. increased its holdings in shares of Starwood Property Trust by 17.8% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,648,904 shares of the real estate investment trust’s stock valued at $31,247,000 after acquiring an additional 248,904 shares during the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on STWD. JPMorgan Chase & Co. increased their price target on Starwood Property Trust from $19.00 to $19.50 and gave the stock an “overweight” rating in a research note on Monday, May 12th. Keefe, Bruyette & Woods increased their price target on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Finally, UBS Group increased their price target on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $22.08.

Starwood Property Trust Trading Down 0.2%

Shares of STWD opened at $19.67 on Friday. The stock has a fifty day moving average price of $20.17 and a two-hundred day moving average price of $19.61. The company has a debt-to-equity ratio of 2.73, a quick ratio of 1.74 and a current ratio of 1.74. Starwood Property Trust, Inc. has a 52-week low of $16.59 and a 52-week high of $21.17. The company has a market cap of $6.72 billion, a price-to-earnings ratio of 20.71 and a beta of 1.24.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Friday, May 9th. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Starwood Property Trust had a return on equity of 8.87% and a net margin of 17.26%. The company had revenue of $418.18 million for the quarter, compared to analyst estimates of $469.00 million. During the same period last year, the firm earned $0.59 earnings per share. Analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 annualized dividend and a yield of 9.76%. Starwood Property Trust’s payout ratio is presently 202.11%.

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.