187,692 Shares in Starwood Property Trust, Inc. $STWD Bought by Great Lakes Advisors LLC

Key Points

• Great Lakes Advisors LLC acquired 187,692 shares of Starwood Property Trust, Inc. valued at approximately $3.71 million, representing about 0.06% of the company's stock.
• Starwood Property Trust reported adjusted earnings of $0.43 per share for the last quarter, surpassing estimates, but revenue fell by 9.3% year-over-year to $444.28 million.
• The company announced a quarterly dividend of $0.48 per share, translating to an annual yield of 9.3%, with the payout expected on October 15th.

Great Lakes Advisors LLC bought a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 187,692 shares of the real estate investment trust's stock, valued at approximately $3,711,000. Great Lakes Advisors LLC owned approximately 0.06% of Starwood Property Trust as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Alpine Bank Wealth Management bought a new position in shares of Starwood Property Trust during the 1st quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Starwood Property Trust in the first quarter worth about $25,000. PSI Advisors LLC purchased a new stake in shares of Starwood Property Trust in the first quarter worth about $28,000. SVB Wealth LLC bought a new position in Starwood Property Trust during the first quarter valued at approximately $30,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in Starwood Property Trust during the 1st quarter valued at approximately $40,000. Hedge funds and other institutional investors own 49.82% of the company's stock.

Starwood Property Trust Price Performance

Shares of Starwood Property Trust stock opened at $20.70 on Thursday. The stock has a market cap of $7.60 billion, a price-to-earnings ratio of 18.99 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. The stock has a 50 day moving average price of $20.14 and a 200-day moving average price of $19.78. Starwood Property Trust, Inc. has a one year low of $16.59 and a one year high of $21.17.

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

Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.3%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust's dividend payout ratio (DPR) is 176.15%.

Wall Street Analysts Forecast Growth

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

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.

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