Bayforest Capital Ltd Has $610,000 Position in Starwood Property Trust, Inc. $STWD

Key Points

• Bayforest Capital Ltd increased its stake in Starwood Property Trust by 616.1%, owning 30,869 shares valued at approximately $610,000 as of its latest SEC filing.
• Starwood Property Trust reported $0.43 EPS for the quarter, beating analysts' expectations, despite a 9.3% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.48 per share, which will be paid on October 15th, representing a 9.3% dividend yield.

Bayforest Capital Ltd raised its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 616.1% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,869 shares of the real estate investment trust's stock after buying an additional 26,558 shares during the period. Bayforest Capital Ltd's holdings in Starwood Property Trust were worth $610,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the stock. Palogic Value Management L.P. boosted its stake in shares of Starwood Property Trust by 8.7% during the 1st quarter. Palogic Value Management L.P. now owns 46,347 shares of the real estate investment trust's stock valued at $916,000 after buying an additional 3,710 shares during the period. Great Lakes Advisors LLC acquired a new stake in shares of Starwood Property Trust in the 1st quarter valued at $3,711,000. Caxton Associates LLP acquired a new stake in shares of Starwood Property Trust in the 1st quarter valued at $691,000. Kestra Investment Management LLC lifted its stake in shares of Starwood Property Trust by 0.4% in the 1st quarter. Kestra Investment Management LLC now owns 141,171 shares of the real estate investment trust's stock valued at $2,791,000 after purchasing an additional 550 shares during the last quarter. Finally, NewEdge Advisors LLC raised its holdings in Starwood Property Trust by 23.9% in the 1st quarter. NewEdge Advisors LLC now owns 19,606 shares of the real estate investment trust's stock worth $388,000 after acquiring an additional 3,784 shares during the period. Institutional investors and hedge funds own 49.82% of the company's stock.

Starwood Property Trust Price Performance

NYSE:STWD opened at $20.63 on Wednesday. The firm has a market cap of $7.57 billion, a PE ratio of 18.93 and a beta of 1.28. Starwood Property Trust, Inc. has a 12 month low of $16.59 and a 12 month high of $21.17. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.90. The company's 50-day moving average price is $20.14 and its two-hundred day moving average price is $19.77.

Starwood Property Trust (NYSE:STWD - Get Free Report) last released its quarterly earnings results 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 net margin of 20.58% and a return on equity of 8.72%. The firm had revenue of $444.28 million for the quarter, compared to analyst estimates of $477.00 million. During the same period in the previous year, the business earned $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, equities analysts anticipate that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently announced 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust's dividend payout ratio is presently 176.15%.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. 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 report on Saturday, August 9th. Finally, UBS Group boosted their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $21.70.

About Starwood Property Trust

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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