Boston Partners Acquires Shares of 491,544 Starwood Property Trust, Inc. $STWD

Key Points

• Boston Partners has acquired a new stake in Starwood Property Trust, Inc. valued at approximately $9.64 million, representing about 0.15% of the company as of their latest SEC filing.
• Starwood Property Trust recently reported earnings of $0.43 EPS, exceeding analysts' expectations, despite a 9.3% decline in revenue compared to the previous year.
• The company announced a quarterly dividend of $0.48, yielding around 9.7%, with a payout ratio of 176.15% and the dividend set to be paid on October 15th.

Boston Partners acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 491,544 shares of the real estate investment trust's stock, valued at approximately $9,643,000. Boston Partners owned 0.15% of Starwood Property Trust at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. Envestnet Asset Management Inc. grew its holdings in Starwood Property Trust by 19.5% during the 4th quarter. Envestnet Asset Management Inc. now owns 450,208 shares of the real estate investment trust's stock worth $8,531,000 after acquiring an additional 73,584 shares during the last quarter. Russell Investments Group Ltd. grew its stake in shares of Starwood Property Trust by 1.9% in the fourth quarter. Russell Investments Group Ltd. now owns 91,222 shares of the real estate investment trust's stock worth $1,729,000 after purchasing an additional 1,660 shares during the last quarter. Bank of Montreal Can increased its holdings in Starwood Property Trust by 2.5% in the fourth quarter. Bank of Montreal Can now owns 60,483 shares of the real estate investment trust's stock valued at $1,146,000 after purchasing an additional 1,448 shares during the period. Sterling Capital Management LLC raised its position in Starwood Property Trust by 74.9% during the 4th quarter. Sterling Capital Management LLC now owns 20,598 shares of the real estate investment trust's stock worth $390,000 after purchasing an additional 8,824 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in Starwood Property Trust during the 4th quarter worth about $271,000. Institutional investors own 49.82% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have commented on the company. JPMorgan Chase & Co. upped their price target 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 upped their price target on Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Wall Street Zen upgraded Starwood Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods upped their price target 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. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $21.70.

Starwood Property Trust Stock Up 0.7%

NYSE STWD traded up $0.1350 on Tuesday, hitting $19.9850. 1,767,379 shares of the company were exchanged, compared to its average volume of 2,918,368. 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 market cap of $7.34 billion, a PE ratio of 18.33 and a beta of 1.26. The stock has a fifty day moving average of $20.13 and a 200-day moving average of $19.71. Starwood Property Trust, Inc. has a 12 month low of $16.59 and a 12 month high of $21.17.

Starwood Property Trust (NYSE:STWD - Get Free Report) last issued its 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 return on equity of 8.72% and a net margin of 20.58%.The business had revenue of $444.28 million during the quarter, compared to analyst estimates of $477.00 million. During the same period in the previous year, the company posted $0.48 EPS. The firm's revenue was down 9.3% compared to the same quarter last year. As a group, analysts forecast that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

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

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.