Kestra Advisory Services LLC Raises Stake in Starwood Property Trust, Inc. $STWD

Key Points

• Kestra Advisory Services LLC increased its holdings in Starwood Property Trust, Inc. by 5.3%, owning 264,014 shares worth approximately $5.22 million as of the latest reporting period.
• Starwood Property Trust recently announced a quarterly dividend of $0.48, with a dividend yield of 9.5% and a dividend payout ratio of 176.15%.
• The company reported Q2 earnings per share of $0.43, exceeding analysts' expectations, although revenue fell short of forecasts at $444.28 million.

Kestra Advisory Services LLC boosted its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 5.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 264,014 shares of the real estate investment trust's stock after acquiring an additional 13,188 shares during the period. Kestra Advisory Services LLC owned 0.08% of Starwood Property Trust worth $5,220,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Alpine Bank Wealth Management purchased a new position in Starwood Property Trust during the 1st quarter valued at about $25,000. Meeder Asset Management Inc. bought a new stake in Starwood Property Trust during the 1st quarter valued at about $25,000. PSI Advisors LLC bought a new stake in Starwood Property Trust during the 1st quarter valued at about $28,000. Quarry LP bought a new stake in Starwood Property Trust during the 4th quarter valued at about $31,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in Starwood Property Trust during the 1st quarter valued at about $40,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Stock Performance

STWD opened at $20.16 on Tuesday. 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 company has a market cap of $7.40 billion, a price-to-earnings ratio of 18.50 and a beta of 1.26. The company's 50 day moving average is $20.11 and its 200 day moving average is $19.73. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.17.

Starwood Property Trust (NYSE:STWD - Get Free Report) last posted 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 company had revenue of $444.28 million for the quarter, compared to the consensus estimate 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 revenue was down 9.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.48 earnings per share. On average, equities research analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.5%. Starwood Property Trust's dividend payout ratio (DPR) is presently 176.15%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on STWD. UBS Group raised their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Wall Street Zen upgraded shares of Starwood Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. JPMorgan Chase & Co. raised their price objective 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. Finally, Keefe, Bruyette & Woods raised their price objective on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $21.70.

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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