GAMMA Investing LLC Purchases 113,878 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

GAMMA Investing LLC lifted its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 3,472.9% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 117,157 shares of the real estate investment trust's stock after purchasing an additional 113,878 shares during the period. GAMMA Investing LLC's holdings in Starwood Property Trust were worth $2,316,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of Starwood Property Trust by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust's stock worth $586,375,000 after purchasing an additional 377,939 shares during the period. Northern Trust Corp lifted its holdings in shares of Starwood Property Trust by 16.2% during the fourth 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 during the period. Norges Bank acquired a new position in shares of Starwood Property Trust during the fourth quarter worth $63,044,000. Bank of New York Mellon Corp lifted its holdings in shares of Starwood Property Trust by 0.4% during the fourth quarter. Bank of New York Mellon Corp now owns 2,669,827 shares of the real estate investment trust's stock worth $50,593,000 after purchasing an additional 10,979 shares during the period. Finally, Raymond James Financial Inc. acquired a new position in shares of Starwood Property Trust during the fourth quarter worth $48,841,000. Institutional investors and hedge funds own 49.82% of the company's stock.

Starwood Property Trust Price Performance

NYSE STWD traded down $0.34 on Friday, hitting $20.03. The stock had a trading volume of 1,892,038 shares, compared to its average volume of 2,431,217. Starwood Property Trust, Inc. has a 52-week low of $16.59 and a 52-week high of $21.17. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. The company has a market capitalization of $6.80 billion, a price-to-earnings ratio of 17.12 and a beta of 1.25. The firm has a 50-day moving average of $19.30 and a 200-day moving average of $19.50.

Starwood Property Trust (NYSE:STWD - Get Free Report) last posted its quarterly earnings data 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). The company had revenue of $418.18 million for the quarter, compared to analysts' expectations of $469.00 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. During the same quarter last year, the business posted $0.59 EPS. Equities analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Monday, June 30th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.59%. The ex-dividend date is Monday, June 30th. Starwood Property Trust's dividend payout ratio is currently 202.11%.

Wall Street Analysts Forecast Growth

STWD has been the topic of several recent analyst reports. UBS Group restated a "neutral" rating and issued a $19.50 target price (up previously from $19.00) on shares of Starwood Property Trust in a report on Wednesday, May 21st. Keefe, Bruyette & Woods dropped their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating on the stock in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. boosted their target price on shares of Starwood Property Trust from $19.00 to $19.50 and gave the company an "overweight" rating in a report on Monday, May 12th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.83.

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.