Illinois Municipal Retirement Fund Has $2.33 Million Stock Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Illinois Municipal Retirement Fund boosted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 33.4% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 118,064 shares of the real estate investment trust's stock after buying an additional 29,576 shares during the period. Illinois Municipal Retirement Fund's holdings in Starwood Property Trust were worth $2,334,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of STWD. Truist Financial Corp raised its holdings in shares of Starwood Property Trust by 19.2% during the fourth quarter. Truist Financial Corp now owns 49,906 shares of the real estate investment trust's stock worth $946,000 after acquiring an additional 8,047 shares during the period. Bank of New York Mellon Corp increased its holdings in Starwood Property Trust by 0.4% during the 4th 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 in the last quarter. Oregon Public Employees Retirement Fund raised its stake in shares of Starwood Property Trust by 1.2% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 65,174 shares of the real estate investment trust's stock valued at $1,235,000 after purchasing an additional 800 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Starwood Property Trust in the fourth quarter valued at about $377,000. Finally, US Bancorp DE grew its holdings in shares of Starwood Property Trust by 32.1% during the fourth quarter. US Bancorp DE now owns 99,086 shares of the real estate investment trust's stock worth $1,878,000 after buying an additional 24,057 shares in the last quarter. Institutional investors own 49.82% of the company's stock.

Starwood Property Trust Price Performance

Shares of STWD opened at $20.42 on Monday. 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 company's fifty day simple moving average is $19.70 and its 200 day simple moving average is $19.49. Starwood Property Trust, Inc. has a 1-year low of $16.59 and a 1-year high of $21.17. The company has a market cap of $6.93 billion, a price-to-earnings ratio of 21.49 and a beta of 1.26.

Starwood Property Trust (NYSE:STWD - Get Free Report) last issued its 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). Starwood Property Trust had a net margin of 17.26% and a return on equity of 8.87%. The firm had revenue of $418.18 million during the quarter, compared to the consensus estimate of $469.00 million. During the same period in the previous year, the company posted $0.59 earnings per share. On average, research analysts forecast that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Stockholders of record on Wednesday, July 30th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.92 annualized dividend and a dividend yield of 9.40%. Starwood Property Trust's dividend payout ratio is currently 202.11%.

Wall Street Analyst Weigh In

Several research firms have commented on STWD. 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 research note on Wednesday, May 21st. Keefe, Bruyette & Woods reduced their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating for the company in a report on Monday, April 7th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Starwood Property Trust from $19.00 to $19.50 and gave the company an "overweight" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, Starwood Property Trust currently has a consensus rating of "Moderate Buy" and an average 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.

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