Kestra Advisory Services LLC Has $5.22 Million 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 increased its stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 5.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 264,014 shares of the real estate investment trust's stock after purchasing an additional 13,188 shares during the quarter. Kestra Advisory Services LLC owned approximately 0.08% of Starwood Property Trust worth $5,220,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of STWD. Northern Trust Corp increased its stake in Starwood Property Trust by 16.2% in the 4th 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 in the last quarter. Focus Partners Wealth increased its stake in Starwood Property Trust by 305.4% in the 4th 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 in the last quarter. Boston Partners purchased a new position in Starwood Property Trust in the 1st quarter worth about $9,643,000. HighTower Advisors LLC increased its stake in Starwood Property Trust by 10.7% in the 1st quarter. HighTower Advisors LLC now owns 1,993,652 shares of the real estate investment trust's stock worth $39,414,000 after purchasing an additional 193,417 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Starwood Property Trust by 16.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,039,229 shares of the real estate investment trust's stock worth $19,693,000 after purchasing an additional 147,495 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company's stock.

Wall Street Analysts Forecast Growth

STWD has been the topic of a number of analyst reports. UBS Group lifted their price target on Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. JPMorgan Chase & Co. raised their price objective on Starwood Property Trust from $19.00 to $19.50 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Keefe, Bruyette & Woods raised their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Finally, Wall Street Zen upgraded Starwood Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Four equities research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to data from MarketBeat.com, Starwood Property Trust currently has an average rating of "Moderate Buy" and an average target price of $21.70.

Starwood Property Trust Stock Up 0.8%

NYSE STWD traded up $0.17 during trading on Friday, reaching $20.28. 2,292,796 shares of the company's stock were exchanged, compared to its average volume of 2,580,700. Starwood Property Trust, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $21.17. The firm has a market capitalization of $7.45 billion, a PE ratio of 18.61 and a beta of 1.28. 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's fifty day simple moving average is $20.12 and its 200-day simple moving average is $19.75.

Starwood Property Trust (NYSE:STWD - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The business had revenue of $444.28 million during the quarter, compared to analyst estimates of $477.00 million. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%.The firm's revenue was down 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.48 EPS. Sell-side analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.5%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust's payout ratio is currently 176.15%.

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.