Starwood Property Trust, Inc. (NYSE:STWD) Stock Position Raised by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd significantly increased its stake in Starwood Property Trust by 616.1% during the first quarter, holding 30,869 shares valued at $610,000.
• Starwood Property Trust reported $0.45 EPS in its latest quarterly earnings, missing estimates of $0.46 EPS, with revenue of $418.18 million compared to the expected $469 million.
• The company declared a $0.48 quarterly dividend with an annualized yield of 9.80%, indicating a high dividend payout ratio of 202.11%.

Bayforest Capital Ltd boosted its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 616.1% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,869 shares of the real estate investment trust's stock after purchasing an additional 26,558 shares during the period. Bayforest Capital Ltd's holdings in Starwood Property Trust were worth $610,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Meeder Asset Management Inc. purchased a new stake in shares of Starwood Property Trust in the 1st quarter valued at about $25,000. Alpine Bank Wealth Management purchased a new position in Starwood Property Trust during the first quarter valued at $25,000. PSI Advisors LLC purchased a new position in Starwood Property Trust during the first quarter valued at $28,000. Quarry LP bought a new stake in shares of Starwood Property Trust in the 4th quarter worth $31,000. Finally, Hurley Capital LLC bought a new stake in shares of Starwood Property Trust in the fourth quarter worth $36,000. Institutional investors own 49.82% of the company's stock.

Analysts Set New Price Targets

STWD has been the topic of several research analyst reports. JPMorgan Chase & Co. boosted their price objective on Starwood Property Trust from $19.00 to $19.50 and gave the company an "overweight" rating in a research report on Monday, May 12th. UBS Group increased their price target on Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods increased their target price on Starwood Property Trust from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $21.70.

Starwood Property Trust Trading Down 0.5%

STWD stock traded down $0.09 during midday trading on Friday, hitting $19.37. The stock had a trading volume of 4,459,669 shares, compared to its average volume of 5,209,849. The firm has a market cap of $7.11 billion, a PE ratio of 20.39 and a beta of 1.26. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.74 and a quick ratio of 1.74. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.17. The company's 50-day moving average price is $20.15 and its 200 day moving average price is $19.67.

Starwood Property Trust (NYSE:STWD - Get Free Report) last issued 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 firm had revenue of $418.18 million during the quarter, compared to analyst estimates of $469.00 million. Starwood Property Trust had a return on equity of 8.87% and a net margin of 17.26%. During the same quarter in the prior year, the firm earned $0.59 EPS. On average, equities research analysts predict that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Starwood Property Trust's dividend payout ratio is currently 202.11%.

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.