AM Investment Strategies LLC Grows Stock Holdings in Starwood Property Trust, Inc. $STWD

Key Points

• AM Investment Strategies LLC has increased its holdings in Starwood Property Trust by 25.6%, acquiring a total of 72,726 shares worth approximately $1.46 million.
• Starwood Property Trust plans to pay a quarterly dividend of $0.48 per share on October 15th, representing an annual yield of 9.6%.
• Shares of Starwood Property Trust have a current market cap of $7.37 billion and reported earnings of $0.43 per share for the last quarter, beating estimates.

AM Investment Strategies LLC increased its position in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 25.6% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 72,726 shares of the real estate investment trust's stock after acquiring an additional 14,825 shares during the period. AM Investment Strategies LLC's holdings in Starwood Property Trust were worth $1,459,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management purchased a new position in Starwood Property Trust in the 1st quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new position in Starwood Property Trust in the 1st quarter worth approximately $25,000. PSI Advisors LLC purchased a new position in Starwood Property Trust in the 1st quarter worth approximately $28,000. SVB Wealth LLC purchased a new position in Starwood Property Trust in the 1st quarter worth approximately $30,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in Starwood Property Trust in the 1st quarter worth approximately $40,000. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Starwood Property Trust Trading Up 0.2%

Shares of STWD stock opened at $20.07 on Wednesday. Starwood Property Trust, Inc. has a 1 year low of $16.59 and a 1 year high of $21.05. The firm has a fifty day moving average price of $20.05 and a 200-day moving average price of $19.79. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market cap of $7.37 billion, a price-to-earnings ratio of 18.41 and a beta of 1.28.

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

Starwood Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.6%. Starwood Property Trust's payout ratio is presently 176.15%.

Analysts Set New Price Targets

STWD has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods boosted their price objective on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Wall Street Zen upgraded shares of Starwood Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Finally, UBS Group boosted their target price 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. Three analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company's stock. Based on data from MarketBeat, Starwood Property Trust currently has a consensus rating of "Moderate Buy" and an average price target of $21.13.

Starwood Property Trust 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.

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