2,350,328 Shares in Starwood Property Trust, Inc. $STWD Purchased by Bank of New York Mellon Corp

Key Points

• Bank of New York Mellon acquired 2.35 million shares of Starwood Property Trust during the second quarter, worth approximately $38.5 million and representing a 0.63% stake. Institutional investors collectively own 49.82% of STWD.
• Analyst sentiment remains moderately positive, with a consensus “Moderate Buy” rating and an average price target of $19.20, despite some target reductions and one downgrade to “Sell.”
• Starwood reported quarterly EPS of $0.40, matching estimates, while revenue rose 15.6% year over year. The company maintains a $0.48 quarterly dividend, equivalent to a 12.1% yield, though its payout ratio is high at 325.42%.

Bank of New York Mellon Corp acquired a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,350,328 shares of the real estate investment trust's stock, valued at approximately $38,498,000. Bank of New York Mellon Corp owned 0.63% of Starwood Property Trust at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of STWD. Quantum Portfolio Management LLC increased its position in shares of Starwood Property Trust by 882,760.9% during the 1st quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust's stock valued at $1,931,676,000 after purchasing an additional 112,163,596 shares during the last quarter. Norges Bank purchased a new position in Starwood Property Trust during the fourth quarter worth $75,177,000. Marshall Wace LLP bought a new position in Starwood Property Trust during the third quarter valued at $20,457,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Starwood Property Trust by 164,844.2% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 880,802 shares of the real estate investment trust's stock valued at $15,863,000 after acquiring an additional 880,268 shares during the last quarter. Finally, HRT Financial LP raised its stake in shares of Starwood Property Trust by 315.4% in the second quarter. HRT Financial LP now owns 713,415 shares of the real estate investment trust's stock valued at $14,318,000 after acquiring an additional 541,672 shares during the period. 49.82% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. JPMorgan Chase & Co. dropped their price target on shares of Starwood Property Trust from $19.00 to $18.50 and set an "overweight" rating for the company in a research note on Tuesday, August 18th. Zacks Research upgraded Starwood Property Trust from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 25th. Keefe, Bruyette & Woods cut their target price on Starwood Property Trust from $19.00 to $18.50 and set an "outperform" rating on the stock in a research note on Friday, August 7th. Wells Fargo & Company set a $20.00 price target on Starwood Property Trust in a research note on Monday, August 17th. Finally, Wall Street Zen cut Starwood Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Four research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Starwood Property Trust presently has a consensus rating of "Moderate Buy" and an average price target of $19.20.

Starwood Property Trust Trading Down 0.8%

Shares of NYSE STWD opened at $15.81 on Friday. Starwood Property Trust, Inc. has a 1-year low of $15.51 and a 1-year high of $20.84. The business has a fifty day moving average price of $16.45 and a 200 day moving average price of $17.19. The stock has a market capitalization of $5.85 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 2.10 and a beta of 0.98. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.46 and a quick ratio of 1.46.

Starwood Property Trust (NYSE:STWD - Get Free Report) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The company had revenue of $201.42 million for the quarter, compared to analyst estimates of $521.67 million. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.The firm's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.43 earnings per share. Equities research analysts expect that Starwood Property Trust, Inc. will post 1.4 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 12.1%. The ex-dividend date was Tuesday, June 30th. Starwood Property Trust's payout ratio is 325.42%.

Starwood Property Trust Company Profile

Starwood Property Trust NYSE: STWD is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company's portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.

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