California State Teachers Retirement System Has $7.28 Million Stock Position in Starwood Property Trust, Inc. $STWD

California State Teachers Retirement System lifted its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 27.2% in the 1st quarter, HoldingsChannel.com reports. The fund owned 422,460 shares of the real estate investment trust’s stock after purchasing an additional 90,377 shares during the quarter. California State Teachers Retirement System’s holdings in Starwood Property Trust were worth $7,275,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Peak Financial Advisors LLC increased its stake in Starwood Property Trust by 2.2% during the 1st quarter. Peak Financial Advisors LLC now owns 25,664 shares of the real estate investment trust’s stock worth $442,000 after acquiring an additional 559 shares during the period. Brown Advisory Inc. raised its stake in Starwood Property Trust by 1.3% in the fourth quarter. Brown Advisory Inc. now owns 47,432 shares of the real estate investment trust’s stock valued at $854,000 after purchasing an additional 600 shares in the last quarter. CIBC Private Wealth Group LLC lifted its position in Starwood Property Trust by 11.5% during the third quarter. CIBC Private Wealth Group LLC now owns 5,943 shares of the real estate investment trust’s stock worth $115,000 after purchasing an additional 613 shares during the period. Quadrant Capital Group LLC grew its stake in Starwood Property Trust by 2.3% during the third quarter. Quadrant Capital Group LLC now owns 27,220 shares of the real estate investment trust’s stock worth $527,000 after buying an additional 621 shares in the last quarter. Finally, Mutual Advisors LLC increased its holdings in Starwood Property Trust by 1.8% in the 4th quarter. Mutual Advisors LLC now owns 36,608 shares of the real estate investment trust’s stock valued at $659,000 after buying an additional 631 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of Starwood Property Trust stock opened at $16.26 on Wednesday. The company has a debt-to-equity ratio of 3.31, a current ratio of 1.57 and a quick ratio of 1.57. Starwood Property Trust, Inc. has a one year low of $15.78 and a one year high of $20.84. The business has a 50-day simple moving average of $16.70 and a 200 day simple moving average of $17.43. The firm has a market capitalization of $6.03 billion, a price-to-earnings ratio of 16.93, a PEG ratio of 2.16 and a beta of 0.98.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). Starwood Property Trust had a net margin of 18.11% and a return on equity of 7.91%. The business had revenue of $205.55 million during the quarter, compared to analyst estimates of $496.25 million. During the same period in the previous year, the business posted $0.45 EPS. The business’s revenue for the quarter was up 22.5% compared to the same quarter last year. On average, research analysts anticipate that Starwood Property Trust, Inc. will post 1.51 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date was Tuesday, June 30th. Starwood Property Trust’s dividend payout ratio (DPR) is currently 200.00%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. JPMorgan Chase & Co. cut their price target on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. UBS Group assumed coverage on shares of Starwood Property Trust in a report on Tuesday, June 2nd. They set a “buy” rating and a $20.00 price target for the company. Weiss Ratings lowered shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Keefe, Bruyette & Woods lowered their target price on Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating for the company in a research report on Wednesday, May 13th. Finally, Wall Street Zen upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 18th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $19.70.

About Starwood Property Trust

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.