Grassi Investment Management Increases Position in Starwood Property Trust, Inc. $STWD

Key Points

• Grassi Investment Management increased its position in Starwood Property Trust by 168.1% during the second quarter, owning 95,700 shares valued at approximately $1.9 million.
• Starwood Property Trust will pay a quarterly dividend of $0.48 on October 15, offering investors an annual yield of 9.9%.
• Recent analyst ratings indicate a consensus of "Moderate Buy" with an average target price of $21.13, following upgrades from various analysts.

Grassi Investment Management raised its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 168.1% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 95,700 shares of the real estate investment trust's stock after acquiring an additional 60,000 shares during the period. Grassi Investment Management's holdings in Starwood Property Trust were worth $1,921,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. purchased a new stake in shares of Starwood Property Trust during the first quarter worth approximately $25,000. Alpine Bank Wealth Management purchased a new stake in shares of Starwood Property Trust during the first quarter worth approximately $25,000. PSI Advisors LLC purchased a new position in Starwood Property Trust during the 1st quarter worth $28,000. SVB Wealth LLC purchased a new position in Starwood Property Trust during the 1st quarter worth $30,000. Finally, Smallwood Wealth Investment Management LLC purchased a new position in Starwood Property Trust during the 1st quarter worth $40,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

STWD has been the subject of a number of analyst reports. Keefe, Bruyette & Woods upped 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. Zacks Research cut shares of Starwood Property Trust from a "strong-buy" rating to a "hold" rating in a report on Tuesday. UBS Group increased their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Weiss Ratings reissued a "hold (c)" rating on shares of Starwood Property Trust in a research note on Saturday, September 27th. Finally, Wall Street Zen raised Starwood Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $21.13.

Starwood Property Trust Trading Down 0.1%

Shares of Starwood Property Trust stock opened at $19.44 on Friday. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.05. 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 stock has a market cap of $7.14 billion, a PE ratio of 17.83 and a beta of 1.29. The company has a 50-day moving average of $20.01 and a two-hundred day moving average of $19.77.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The company had revenue of $444.28 million during the quarter, compared to analysts' expectations of $477.00 million. During the same period last year, the company posted $0.48 earnings per share. The firm's quarterly revenue was down 9.3% compared to the same quarter last year. On average, research analysts anticipate that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.9%. The ex-dividend date of this dividend is Tuesday, September 30th. Starwood Property Trust's dividend payout ratio (DPR) is presently 176.15%.

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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