Carmel Capital Partners LLC Grows Stock Position in Starwood Property Trust, Inc. (NYSE:STWD)

Carmel Capital Partners LLC grew its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 11.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 164,623 shares of the real estate investment trust's stock after purchasing an additional 17,215 shares during the period. Starwood Property Trust accounts for 1.3% of Carmel Capital Partners LLC's portfolio, making the stock its 13th biggest position. Carmel Capital Partners LLC's holdings in Starwood Property Trust were worth $3,255,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Norges Bank bought a new stake in shares of Starwood Property Trust during the 4th quarter worth approximately $63,044,000. Raymond James Financial Inc. acquired a new stake in shares of Starwood Property Trust during the 4th quarter worth $48,841,000. Northern Trust Corp grew its holdings in shares of Starwood Property Trust by 16.2% during the 4th quarter. Northern Trust Corp now owns 5,287,030 shares of the real estate investment trust's stock worth $100,189,000 after purchasing an additional 736,699 shares in the last quarter. Focus Partners Wealth boosted its stake in Starwood Property Trust by 305.4% in the fourth quarter. Focus Partners Wealth now owns 670,093 shares of the real estate investment trust's stock valued at $12,699,000 after buying an additional 504,812 shares in the last quarter. Finally, Vanguard Group Inc. boosted its stake in Starwood Property Trust by 1.2% in the fourth quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust's stock valued at $586,375,000 after buying an additional 377,939 shares in the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Starwood Property Trust Stock Up 0.2%

Starwood Property Trust stock traded up $0.05 during mid-day trading on Wednesday, hitting $19.98. The company had a trading volume of 2,008,962 shares, compared to its average volume of 2,648,968. 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 stock's 50 day moving average price is $20.17 and its two-hundred day moving average price is $19.62. Starwood Property Trust, Inc. has a 12 month low of $16.59 and a 12 month high of $21.17. The company has a market capitalization of $6.82 billion, a PE ratio of 21.03 and a beta of 1.24.

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 (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The business had revenue of $418.18 million for the quarter, compared to the consensus estimate of $469.00 million. Starwood Property Trust had a net margin of 17.26% and a return on equity of 8.87%. During the same period in the previous year, the company earned $0.59 earnings per share. As a group, sell-side analysts anticipate 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 disclosed 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 annualized dividend and a dividend yield of 9.61%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust's payout ratio is 202.11%.

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.