Bayforest Capital Ltd Has $610,000 Stake 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 holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 616.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor 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.

Other large investors have also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. bought a new stake in Starwood Property Trust during the first quarter worth approximately $25,000. Alpine Bank Wealth Management bought a new stake in Starwood Property Trust during the first quarter worth approximately $25,000. PSI Advisors LLC bought a new stake in Starwood Property Trust during the first quarter worth approximately $28,000. SVB Wealth LLC bought a new stake in Starwood Property Trust during the first quarter worth approximately $30,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in Starwood Property Trust during the first quarter worth approximately $40,000. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Stock Performance

STWD traded down $0.06 during trading on Monday, hitting $20.44. The stock had a trading volume of 619,786 shares, compared to its average volume of 2,857,706. The firm has a market cap of $7.50 billion, a PE ratio of 18.73 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 current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.90. The company has a 50 day simple moving average of $20.13 and a 200-day simple moving average of $19.78.

Starwood Property Trust (NYSE:STWD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. The company had revenue of $444.28 million for the quarter, compared to analyst estimates of $477.00 million. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The business's quarterly revenue was down 9.3% on a year-over-year basis. During the same period last year, the business posted $0.48 EPS. Analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.4%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust's dividend payout ratio (DPR) is currently 176.15%.

Analyst Ratings Changes

A number of brokerages recently weighed in on STWD. UBS Group raised their target price 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. Keefe, Bruyette & Woods raised their price objective on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. Finally, Wall Street Zen raised shares of Starwood Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Four research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.70.

Starwood Property Trust Company 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.