Mackenzie Financial Corp Takes Position in Starwood Property Trust, Inc. (NYSE:STWD)

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

Other hedge funds also recently modified their holdings of the company. Alpine Bank Wealth Management acquired a new stake in shares of Starwood Property Trust in the first quarter valued at about $25,000. PSI Advisors LLC acquired a new stake in shares of Starwood Property Trust in the 1st quarter valued at about $28,000. Quarry LP acquired a new stake in shares of Starwood Property Trust in the 4th quarter valued at about $31,000. Hurley Capital LLC acquired a new stake in shares of Starwood Property Trust in the 4th quarter valued at about $36,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in shares of Starwood Property Trust in the first quarter worth approximately $40,000. Institutional investors own 49.82% of the company's stock.

Starwood Property Trust Price Performance

NYSE:STWD traded up $0.13 on Monday, reaching $19.50. 2,560,753 shares of the company's stock traded hands, compared to its average volume of 2,929,315. The firm has a market cap of $7.16 billion, a PE ratio of 20.52 and a beta of 1.26. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.73. Starwood Property Trust, Inc. has a 12 month low of $16.59 and a 12 month high of $21.17. The stock has a 50-day simple moving average of $20.15 and a 200-day simple moving average of $19.67.

Starwood Property Trust (NYSE:STWD - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The real estate investment trust reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). Starwood Property Trust had a net margin of 17.26% and a return on equity of 8.87%. The business had revenue of $418.18 million for the quarter, compared to the consensus estimate of $469.00 million. During the same quarter last year, the business earned $0.59 EPS. Equities research analysts forecast that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently disclosed 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 is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.8%. Starwood Property Trust's dividend payout ratio (DPR) is currently 202.11%.

Analysts Set New Price Targets

Several research firms have weighed in on STWD. UBS Group boosted their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods increased their price target on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. lifted their price target on Starwood Property Trust from $19.00 to $19.50 and gave the company an "overweight" rating in a research report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average 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.