HB Wealth Management LLC Boosts Stock Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

HB Wealth Management LLC increased its stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 504.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 69,315 shares of the real estate investment trust's stock after purchasing an additional 57,849 shares during the quarter. HB Wealth Management LLC's holdings in Starwood Property Trust were worth $1,370,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Norges Bank bought a new position in shares of Starwood Property Trust in the fourth quarter worth $63,044,000. Raymond James Financial Inc. bought a new position in shares of Starwood Property Trust in the fourth quarter worth $48,841,000. Northern Trust Corp increased its holdings in shares of Starwood Property Trust by 16.2% in 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. Focus Partners Wealth increased its holdings in shares of 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 worth $12,699,000 after purchasing an additional 504,812 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of 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 worth $586,375,000 after purchasing an additional 377,939 shares during the period. Institutional investors own 49.82% of the company's stock.

Starwood Property Trust Price Performance

NYSE:STWD traded down $0.09 during midday trading on Friday, hitting $19.37. The company had a trading volume of 4,459,669 shares, compared to its average volume of 5,209,849. Starwood Property Trust, Inc. has a 52-week low of $16.59 and a 52-week high of $21.17. The stock's fifty day moving average price is $20.15 and its 200-day moving average price is $19.67. The company has a market capitalization of $7.11 billion, a PE ratio of 20.39 and a beta of 1.26. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.73.

Starwood Property Trust (NYSE:STWD - Get Free Report) last announced its earnings results on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). Starwood Property Trust had a return on equity of 8.87% and a net margin of 17.26%. The company had revenue of $418.18 million during the quarter, compared to analysts' expectations of $469.00 million. During the same quarter last year, the firm posted $0.59 earnings per share. As a group, research analysts expect that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.9%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust's dividend payout ratio is presently 202.11%.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on STWD. UBS Group upped 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. Keefe, Bruyette & Woods upped their price target on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Finally, JPMorgan Chase & Co. upped their target price on shares of Starwood Property Trust from $19.00 to $19.50 and gave the stock an "overweight" rating in a research report on Monday, May 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $21.70.

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.