Bayforest Capital Ltd Boosts Stake in Starwood Property Trust, Inc. (NYSE:STWD)

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 stake in 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 Securities & Exchange Commission. The firm 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 reporting period.

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

Starwood Property Trust Stock Up 0.5%

NYSE STWD traded up $0.11 during trading hours on Monday, hitting $19.48. The company's stock had a trading volume of 844,648 shares, compared to its average volume of 2,917,073. Starwood Property Trust, Inc. has a 52 week low of $16.59 and a 52 week high of $21.17. The company has a market capitalization of $7.15 billion, a PE ratio of 20.50 and a beta of 1.26. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.73. The company's 50-day simple moving average is $20.15 and its two-hundred day simple moving average is $19.67.

Starwood Property Trust (NYSE:STWD - Get Free Report) last announced its quarterly earnings results on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). Starwood Property Trust had a net margin of 17.26% and a return on equity of 8.87%. The business had revenue of $418.18 million during the quarter, compared to the consensus estimate of $469.00 million. During the same period in the previous year, the business posted $0.59 EPS. Research analysts anticipate that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be paid a $0.48 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.92 annualized dividend and a yield of 9.9%. Starwood Property Trust's dividend payout ratio (DPR) is 202.11%.

Analyst Ratings Changes

A number of research firms have recently issued reports on STWD. UBS Group increased their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods increased 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 report on Thursday, July 10th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Starwood Property Trust from $19.00 to $19.50 and gave the stock an "overweight" rating in a research report on Monday, May 12th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus 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.