4,280,864 Shares in Starwood Property Trust, Inc. $STWD Purchased by Advisors Capital Management LLC

Key Points

• Advisors Capital Management acquired 4.28 million shares of Starwood Property Trust during the second quarter, worth approximately $70.1 million and representing a 1.16% stake. Institutional investors collectively own 49.82% of the REIT.
• Analyst sentiment remains generally positive, with an average “Moderate Buy” rating and a consensus price target of $19.20, despite some target-price reductions and one downgrade to “sell.”
• Starwood Property Trust reported quarterly EPS of $0.40, in line with estimates, while revenue rose 15.6% year over year. The company maintains a $0.48 quarterly dividend, equivalent to a 11.7% annualized yield, although its payout ratio is elevated at 325.42%.

Advisors Capital Management LLC acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The fund acquired 4,280,864 shares of the real estate investment trust's stock, valued at approximately $70,121,000. Advisors Capital Management LLC owned 1.16% of Starwood Property Trust as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Quantum Portfolio Management LLC raised its position in shares of Starwood Property Trust by 882,760.9% in the first quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust's stock worth $1,931,676,000 after buying an additional 112,163,596 shares in the last quarter. BlackRock Inc. purchased a new position in shares of Starwood Property Trust during the second quarter worth about $589,366,000. Norges Bank bought a new position in shares of Starwood Property Trust in the fourth quarter worth approximately $75,177,000. Bank of New York Mellon Corp bought a new position in shares of Starwood Property Trust in the second quarter worth approximately $38,498,000. Finally, Marshall Wace LLP purchased a new stake in Starwood Property Trust in the third quarter valued at approximately $20,457,000. Institutional investors own 49.82% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the company. Wall Street Zen cut Starwood Property Trust from a "hold" rating to a "sell" rating in a report on Saturday, August 8th. Keefe, Bruyette & Woods decreased their price objective on Starwood Property Trust from $19.00 to $18.50 and set an "outperform" rating on the stock in a report on Friday, August 7th. UBS Group started coverage on Starwood Property Trust in a research note on Tuesday, June 2nd. They issued a "buy" rating and a $20.00 target price for the company. JPMorgan Chase & Co. reduced their price target on shares of Starwood Property Trust from $19.00 to $18.50 and set an "overweight" rating on the stock in a research report on Tuesday. Finally, Zacks Research raised shares of Starwood Property Trust from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 25th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Starwood Property Trust presently has an average rating of "Moderate Buy" and an average price target of $19.20.

Starwood Property Trust Stock Down 0.6%

Shares of Starwood Property Trust stock opened at $16.46 on Friday. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.46 and a current ratio of 1.46. Starwood Property Trust, Inc. has a 52-week low of $15.51 and a 52-week high of $20.84. The company's 50 day moving average price is $16.54 and its 200-day moving average price is $17.27. The stock has a market capitalization of $6.09 billion, a price-to-earnings ratio of 27.90, a P/E/G ratio of 2.02 and a beta of 0.98.

Starwood Property Trust (NYSE:STWD - Get Free Report) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.40. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. The business had revenue of $201.42 million for the quarter, compared to analyst estimates of $521.67 million. During the same quarter last year, the firm earned $0.43 EPS. The company's revenue was up 15.6% on a year-over-year basis. Equities research analysts forecast that Starwood Property Trust, Inc. will post 1.51 EPS for the current year.

Starwood Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.48 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.92 annualized dividend and a yield of 11.7%. Starwood Property Trust's dividend 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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