Teacher Retirement System of Texas purchased a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,800 shares of the real estate investment trust's stock, valued at approximately $925,000.
Several other large investors have also modified their holdings of the stock. Norges Bank acquired a new position in Starwood Property Trust during the fourth quarter worth $63,044,000. Sei Investments Co. grew its holdings in Starwood Property Trust by 154.7% during the fourth quarter. Sei Investments Co. now owns 183,851 shares of the real estate investment trust's stock worth $3,484,000 after acquiring an additional 111,654 shares during the period. Prevail Innovative Wealth Advisors LLC grew its holdings in Starwood Property Trust by 24.7% during the fourth quarter. Prevail Innovative Wealth Advisors LLC now owns 244,381 shares of the real estate investment trust's stock worth $4,631,000 after acquiring an additional 48,355 shares during the period. Swiss National Bank grew its holdings in Starwood Property Trust by 6.7% during the fourth quarter. Swiss National Bank now owns 624,665 shares of the real estate investment trust's stock worth $11,837,000 after acquiring an additional 39,200 shares during the period. Finally, Oppenheimer & Co. Inc. grew its holdings in Starwood Property Trust by 73.1% during the first quarter. Oppenheimer & Co. Inc. now owns 85,774 shares of the real estate investment trust's stock worth $1,696,000 after acquiring an additional 36,209 shares during the period. Hedge funds and other institutional investors own 49.82% of the company's stock.
Analysts Set New Price Targets
A number of brokerages recently weighed in on STWD. Keefe, Bruyette & Woods upped their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. 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 report on Tuesday. Finally, JPMorgan Chase & Co. upped their target price on Starwood Property Trust from $19.00 to $19.50 and gave the company an "overweight" rating in a report on Monday, May 12th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Starwood Property Trust presently has an average rating of "Moderate Buy" and an average price target of $22.08.
Read Our Latest Analysis on STWD
Starwood Property Trust Price Performance
Shares of STWD traded down $0.09 during trading hours on Friday, reaching $19.63. 6,365,789 shares of the company traded hands, compared to its average volume of 2,579,564. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.73. The stock has a market capitalization of $6.66 billion, a PE ratio of 20.66 and a beta of 1.24. Starwood Property Trust, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $21.17. The stock has a fifty day simple moving average of $20.16 and a 200 day simple moving average of $19.60.
Starwood Property Trust (NYSE:STWD - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The company had revenue of $418.18 million for the quarter, compared to analyst estimates of $469.00 million. Starwood Property Trust had a net margin of 17.26% and a return on equity of 8.87%. During the same period in the previous year, the business earned $0.59 EPS. As a group, research analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.
Starwood Property Trust Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.48 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.92 annualized dividend and a yield of 9.78%. Starwood Property Trust's payout ratio is 202.11%.
Starwood Property Trust Profile
(
Free Report)
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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