RFG Advisory LLC raised its position in shares of Starwood Property Trust, Inc. (NYSE:STWD – Free Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 151,834 shares of the real estate investment trust’s stock after buying an additional 4,344 shares during the period. RFG Advisory LLC’s holdings in Starwood Property Trust were worth $2,877,000 as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds and other institutional investors have also modified their holdings of STWD. Sunbelt Securities Inc. boosted its position in Starwood Property Trust by 0.9% in the 2nd quarter. Sunbelt Securities Inc. now owns 57,077 shares of the real estate investment trust’s stock valued at $1,081,000 after buying an additional 517 shares during the last quarter. Hennion & Walsh Asset Management Inc. boosted its position in Starwood Property Trust by 1.7% in the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 34,528 shares of the real estate investment trust’s stock valued at $654,000 after buying an additional 571 shares during the last quarter. UMB Bank n.a. boosted its position in Starwood Property Trust by 69.7% in the 4th quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock valued at $33,000 after buying an additional 717 shares during the last quarter. Brooklyn Investment Group lifted its position in shares of Starwood Property Trust by 86.1% during the fourth quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 730 shares during the last quarter. Finally, Summit Trail Advisors LLC lifted its position in shares of Starwood Property Trust by 3.1% during the third quarter. Summit Trail Advisors LLC now owns 25,015 shares of the real estate investment trust’s stock worth $522,000 after purchasing an additional 760 shares during the last quarter. 49.82% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts have recently commented on STWD shares. JPMorgan Chase & Co. reduced their price target on shares of Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating on the stock in a research report on Tuesday. JMP Securities reduced their price target on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 7th. Keefe, Bruyette & Woods reduced their price target on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 14th. Finally, UBS Group increased their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research report on Friday, November 15th. Three research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $22.13.
Starwood Property Trust Price Performance
STWD opened at $19.19 on Friday. The firm has a market cap of $6.47 billion, a price-to-earnings ratio of 16.40 and a beta of 1.69. Starwood Property Trust, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $21.19. The company’s 50-day moving average price is $19.55 and its 200 day moving average price is $19.82. The company has a quick ratio of 1.79, a current ratio of 1.79 and a debt-to-equity ratio of 2.61.
Starwood Property Trust (NYSE:STWD – Get Free Report) last released its quarterly earnings data on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.05. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm had revenue of $479.50 million for the quarter, compared to analyst estimates of $488.63 million. During the same quarter in the prior year, the business earned $0.46 earnings per share. Starwood Property Trust’s quarterly revenue was down 8.1% on a year-over-year basis. As a group, sell-side analysts expect that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.
Starwood Property Trust Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Shareholders of record on Tuesday, December 31st were paid a $0.48 dividend. The ex-dividend date was Tuesday, December 31st. This represents a $1.92 annualized dividend and a dividend yield of 10.01%. Starwood Property Trust’s payout ratio is currently 164.10%.
Starwood Property Trust Company Profile
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.
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