Columbus Macro LLC Has $8.07 Million Stake in Starwood Property Trust, Inc. $STWD

Key Points

• Columbus Macro LLC increased its stake in Starwood Property Trust, Inc. by 11.9%, now holding $8.07 million worth of the real estate investment trust.
• Starwood Property Trust reported earnings of $0.43 per share, beating analyst expectations, although revenue fell 9.3% compared to the same quarter last year.
• The company announced a quarterly dividend of $0.48 per share, representing a 10.2% yield, with a payout ratio of 176.15%.

Columbus Macro LLC boosted its holdings in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 11.9% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 401,966 shares of the real estate investment trust's stock after purchasing an additional 42,642 shares during the quarter. Columbus Macro LLC owned 0.12% of Starwood Property Trust worth $8,067,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Meeder Asset Management Inc. acquired a new stake in Starwood Property Trust in the 1st quarter worth about $25,000. Alpine Bank Wealth Management acquired a new stake in Starwood Property Trust in the 1st quarter worth about $25,000. PSI Advisors LLC acquired a new stake in Starwood Property Trust in the 1st quarter worth about $28,000. SVB Wealth LLC acquired a new stake in Starwood Property Trust in the 1st quarter worth about $30,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in Starwood Property Trust in the 1st quarter worth about $40,000. Institutional investors and hedge funds own 49.82% of the company's stock.

Starwood Property Trust Price Performance

STWD stock opened at $18.80 on Thursday. The company has a 50 day simple moving average of $19.96 and a 200 day simple moving average of $19.75. The stock has a market cap of $6.90 billion, a price-to-earnings ratio of 17.25 and a beta of 1.29. Starwood Property Trust, Inc. has a 1 year low of $16.59 and a 1 year high of $21.05. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.61 and a quick ratio of 1.61.

Starwood Property Trust (NYSE:STWD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.02. The business had revenue of $444.28 million during the quarter, compared to analysts' expectations of $477.00 million. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The firm's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 EPS. Research analysts anticipate that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 10.2%. The ex-dividend date of this dividend is Tuesday, September 30th. Starwood Property Trust's payout ratio is presently 176.15%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on STWD. Weiss Ratings restated a "hold (c)" rating on shares of Starwood Property Trust in a research report on Wednesday. Zacks Research cut shares of Starwood Property Trust from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, September 30th. UBS Group boosted their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods boosted their target price on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Finally, Wall Street Zen upgraded shares of Starwood Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $21.13.

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.

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