Longboard Asset Management LP Purchases Shares of 17,349 Starwood Property Trust, Inc. $STWD

Key Points

• Longboard Asset Management LP has acquired 17,349 shares of Starwood Property Trust, valued at approximately $348,000, making it the firm's 4th largest holding.
• Starwood Property Trust announced a quarterly dividend of $0.48 per share, representing a 9.5% yield for investors, with a payout ratio of 176.15%.
• Wall Street analysts have issued optimistic forecasts for the company, with a consensus target price of $21.70 and four analysts rating the stock as a Moderate Buy.

Longboard Asset Management LP bought a new stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 17,349 shares of the real estate investment trust's stock, valued at approximately $348,000. Starwood Property Trust comprises approximately 0.9% of Longboard Asset Management LP's portfolio, making the stock its 4th biggest holding.

A number of other institutional investors have also recently added to or reduced their stakes in the business. World Investment Advisors lifted its stake in Starwood Property Trust by 4.8% in the first quarter. World Investment Advisors now owns 11,646 shares of the real estate investment trust's stock valued at $230,000 after acquiring an additional 530 shares during the last quarter. Carnegie Investment Counsel lifted its stake in Starwood Property Trust by 2.7% in the first quarter. Carnegie Investment Counsel now owns 21,225 shares of the real estate investment trust's stock valued at $420,000 after acquiring an additional 550 shares during the last quarter. Kestra Investment Management LLC lifted its stake in Starwood Property Trust by 0.4% in the first quarter. Kestra Investment Management LLC now owns 141,171 shares of the real estate investment trust's stock valued at $2,791,000 after acquiring an additional 550 shares during the last quarter. Carnegie Lake Advisors LLC lifted its stake in Starwood Property Trust by 0.8% in the first quarter. Carnegie Lake Advisors LLC now owns 75,869 shares of the real estate investment trust's stock valued at $1,500,000 after acquiring an additional 600 shares during the last quarter. Finally, Spire Wealth Management lifted its stake in Starwood Property Trust by 5.9% in the first quarter. Spire Wealth Management now owns 11,116 shares of the real estate investment trust's stock valued at $220,000 after acquiring an additional 616 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have issued reports on STWD. Keefe, Bruyette & Woods lifted their target price on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. UBS Group boosted their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of Starwood Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $21.70.

Starwood Property Trust Stock Performance

Shares of STWD traded down $0.08 during trading hours on Friday, reaching $20.22. 4,785,062 shares of the company traded hands, compared to its average volume of 2,356,436. The stock's fifty day moving average is $20.08 and its 200 day moving average is $19.79. The stock has a market cap of $7.42 billion, a P/E ratio of 18.55 and a beta of 1.28. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.61 and a current ratio of 1.61. Starwood Property Trust, Inc. has a 1-year low of $16.59 and a 1-year high of $21.12.

Starwood Property Trust (NYSE:STWD - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.43 EPS for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. The business had revenue of $444.28 million during the quarter, compared to analyst estimates of $477.00 million. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The firm's revenue for the quarter was down 9.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.48 earnings per share. Equities research analysts anticipate that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Starwood Property Trust's payout ratio is 176.15%.

About Starwood Property Trust

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.