129,537 Shares in Starwood Property Trust, Inc. (NYSE:STWD) Bought by Mackenzie Financial Corp

Key Points

• Mackenzie Financial Corp acquired 129,537 shares of Starwood Property Trust, valued at approximately $2,561,000, during the 1st quarter.
• Starwood Property Trust's latest earnings report showed EPS of $0.45, missing expectations, while a $0.48 dividend was declared, representing a yield of 9.9%.
• Several analysts have raised their price targets for Starwood Property Trust, with an average target price now at $21.70, reflecting a consensus rating of "Moderate Buy."

Mackenzie Financial Corp bought a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 129,537 shares of the real estate investment trust's stock, valued at approximately $2,561,000.

A number of other institutional investors have also added to or reduced their stakes in STWD. LPL Financial LLC grew its position in shares of Starwood Property Trust by 8.3% during the 1st quarter. LPL Financial LLC now owns 496,203 shares of the real estate investment trust's stock worth $9,810,000 after purchasing an additional 38,226 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Starwood Property Trust by 10.3% during the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 71,600 shares of the real estate investment trust's stock worth $1,416,000 after acquiring an additional 6,701 shares during the period. Valley Wealth Managers Inc. increased its stake in shares of Starwood Property Trust by 6.6% in the 1st quarter. Valley Wealth Managers Inc. now owns 1,052,023 shares of the real estate investment trust's stock worth $20,798,000 after acquiring an additional 65,370 shares in the last quarter. HB Wealth Management LLC boosted its holdings in shares of Starwood Property Trust by 504.5% during the 1st quarter. HB Wealth Management LLC now owns 69,315 shares of the real estate investment trust's stock valued at $1,370,000 after acquiring an additional 57,849 shares during the last quarter. Finally, AM Investment Strategies LLC raised its position in shares of Starwood Property Trust by 2.2% during the first quarter. AM Investment Strategies LLC now owns 57,901 shares of the real estate investment trust's stock valued at $1,145,000 after buying an additional 1,227 shares during the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust Stock Performance

STWD traded down $0.25 on Wednesday, hitting $19.35. The company's stock had a trading volume of 1,457,002 shares, compared to its average volume of 2,917,480. Starwood Property Trust, Inc. has a 12 month low of $16.59 and a 12 month high of $21.17. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.73. The firm has a market cap of $7.10 billion, a P/E ratio of 20.37 and a beta of 1.26. The company's 50 day simple moving average is $20.14 and its 200-day simple moving average is $19.67.

Starwood Property Trust (NYSE:STWD - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share (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 firm had revenue of $418.18 million during the quarter, compared to the consensus estimate of $469.00 million. During the same period last year, the business earned $0.59 EPS. Analysts forecast that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.9%. Starwood Property Trust's dividend payout ratio is currently 202.11%.

Analyst Upgrades and Downgrades

Several research firms recently commented on STWD. JPMorgan Chase & Co. increased their price objective on Starwood Property Trust from $19.00 to $19.50 and gave the company an "overweight" rating in a research note on Monday, May 12th. UBS Group raised their price target on Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods raised their target price on Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $21.70.

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.