Voya Investment Management LLC Acquires 66,795 Shares of Starwood Property Trust, Inc. $STWD

Voya Investment Management LLC boosted its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 188.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 102,328 shares of the real estate investment trust’s stock after purchasing an additional 66,795 shares during the period. Voya Investment Management LLC’s holdings in Starwood Property Trust were worth $1,982,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Kingstone Capital Partners Texas LLC acquired a new position in shares of Starwood Property Trust in the 2nd quarter worth approximately $765,811,000. DLD Asset Management LP bought a new stake in Starwood Property Trust in the second quarter valued at $692,415,000. Norges Bank acquired a new position in Starwood Property Trust during the second quarter worth $71,492,000. Advisors Capital Management LLC lifted its holdings in shares of Starwood Property Trust by 1.9% during the second quarter. Advisors Capital Management LLC now owns 1,382,338 shares of the real estate investment trust’s stock valued at $27,744,000 after acquiring an additional 25,624 shares during the period. Finally, Boston Partners boosted its stake in shares of Starwood Property Trust by 124.4% in the 2nd quarter. Boston Partners now owns 1,102,847 shares of the real estate investment trust’s stock valued at $22,060,000 after purchasing an additional 611,303 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on STWD shares. Wells Fargo & Company dropped their target price on shares of Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating for the company in a research report on Tuesday, November 11th. Keefe, Bruyette & Woods reduced their price target on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Zacks Research lowered shares of Starwood Property Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Starwood Property Trust in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $20.63.

Starwood Property Trust Stock Up 0.0%

Shares of NYSE STWD opened at $18.55 on Monday. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.05. The firm’s 50-day simple moving average is $18.28 and its 200 day simple moving average is $19.37. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 2.98. The company has a market cap of $6.87 billion, a price-to-earnings ratio of 17.66 and a beta of 1.14.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Monday, November 10th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.04). Starwood Property Trust had a net margin of 20.28% and a return on equity of 8.41%. The company had revenue of $247.87 million during the quarter, compared to analyst estimates of $479.70 million. During the same quarter in the previous year, the business posted $0.48 EPS. The company’s revenue was up 1.9% compared to the same quarter last year. On average, research analysts expect that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 10.4%. The ex-dividend date is Wednesday, December 31st. Starwood Property Trust’s payout ratio is 182.86%.

Starwood Property Trust Profile

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.