Great Lakes Advisors LLC Takes $3.71 Million Position in Starwood Property Trust, Inc. $STWD

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 purchased a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 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 SEC.

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

Starwood Property Trust Stock Down 0.1%

Starwood Property Trust stock traded down $0.03 during mid-day trading on Tuesday, reaching $20.31. The stock had a trading volume of 287,032 shares, compared to its average volume of 2,852,683. 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 fifty-two week low of $16.59 and a fifty-two week high of $21.17. The stock's 50-day simple moving average is $20.12 and its 200-day simple moving average is $19.78. The firm has a market capitalization of $7.45 billion, a PE ratio of 18.63 and a beta of 1.28.

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. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%.The firm had revenue of $444.28 million during the quarter, compared to analysts' expectations of $477.00 million. During the same quarter last year, the firm posted $0.48 earnings per share. The company's revenue for the quarter was down 9.3% compared to the same quarter last year. On average, sell-side analysts forecast that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

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

Wall Street Analysts Forecast Growth

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