Palogic Value Management L.P. Makes New $781,000 Investment in Starwood Property Trust, Inc. $STWD

Palogic Value Management L.P. purchased a new stake in Starwood Property Trust, Inc. (NYSE:STWD) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 47,687 shares of the real estate investment trust’s stock, valued at approximately $781,000.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. acquired a new stake in Starwood Property Trust in the 2nd quarter valued at $589,366,000. Blue Owl Capital Holdings LP bought a new stake in Starwood Property Trust during the second quarter worth about $3,216,000. Cetera Investment Advisers boosted its position in Starwood Property Trust by 26.7% during the first quarter. Cetera Investment Advisers now owns 764,957 shares of the real estate investment trust’s stock valued at $13,173,000 after purchasing an additional 161,049 shares during the last quarter. Kestra Advisory Services LLC boosted its position in Starwood Property Trust by 63.3% during the first quarter. Kestra Advisory Services LLC now owns 331,004 shares of the real estate investment trust’s stock valued at $5,700,000 after purchasing an additional 128,300 shares during the last quarter. Finally, Geode Capital Management LLC grew its stake in Starwood Property Trust by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust’s stock valued at $115,453,000 after purchasing an additional 148,740 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on STWD shares. JPMorgan Chase & Co. dropped their price objective on Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a research note on Tuesday, August 18th. Wall Street Zen downgraded shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Keefe, Bruyette & Woods dropped their price target on shares of Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Zacks Research upgraded shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Starwood Property Trust in a research report on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Starwood Property Trust currently has an average rating of “Moderate Buy” and a consensus target price of $19.20.

Starwood Property Trust Stock Performance

STWD opened at $15.94 on Thursday. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 3.47. Starwood Property Trust, Inc. has a 12-month low of $15.51 and a 12-month high of $20.84. The business has a 50 day moving average of $16.49 and a 200-day moving average of $17.21. The stock has a market cap of $5.90 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 2.12 and a beta of 0.98.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.40. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.The business had revenue of $201.42 million for the quarter, compared to analyst estimates of $521.67 million. During the same period in the previous year, the firm earned $0.43 EPS. The firm’s revenue was up 15.6% compared to the same quarter last year. On average, equities research analysts expect that Starwood Property Trust, Inc. will post 1.4 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.92 annualized dividend and a dividend yield of 12.0%. Starwood Property Trust’s dividend payout ratio is presently 325.42%.

Starwood Property Trust Company 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.