Kingstone Capital Partners Texas LLC Makes New Investment in Starwood Property Trust, Inc. $STWD

Key Points

• Kingstone Capital Partners Texas LLC acquired a significant stake in Starwood Property Trust, purchasing 38.6 million shares valued at approximately $765.81 million, representing 11.38% of the company.
• Starwood Property Trust reported a Q2 EPS of $0.43, exceeding estimates by $0.02, although its revenue of $444.28 million was below expectations of $477.00 million.
• The company announced a quarterly dividend of $0.48 per share, translating to a 9.5% dividend yield, with a payout ratio of 176.15% currently in effect.

Kingstone Capital Partners Texas LLC purchased a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 38,625,643 shares of the real estate investment trust's stock, valued at approximately $765,811,000. Kingstone Capital Partners Texas LLC owned approximately 11.38% of Starwood Property Trust at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. Longboard Asset Management LP acquired a new stake in Starwood Property Trust during the second quarter worth approximately $348,000. Seneca House Advisors grew its position in Starwood Property Trust by 11.9% during the second quarter. Seneca House Advisors now owns 534,176 shares of the real estate investment trust's stock worth $10,721,000 after buying an additional 56,715 shares in the last quarter. Red Spruce Capital LLC grew its position in Starwood Property Trust by 3.0% during the second quarter. Red Spruce Capital LLC now owns 33,472 shares of the real estate investment trust's stock worth $672,000 after buying an additional 976 shares in the last quarter. Peak Financial Advisors LLC grew its position in Starwood Property Trust by 5.8% during the second quarter. Peak Financial Advisors LLC now owns 23,899 shares of the real estate investment trust's stock worth $480,000 after buying an additional 1,320 shares in the last quarter. Finally, Strs Ohio acquired a new stake in Starwood Property Trust during the first quarter worth approximately $2,376,000. Institutional investors and hedge funds own 49.82% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Keefe, Bruyette & Woods increased their price target 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. Wall Street Zen raised Starwood Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Finally, UBS Group raised their target price on Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Three equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $21.13.

Starwood Property Trust Trading Down 0.4%

NYSE:STWD traded down $0.08 during trading hours on Friday, hitting $20.22. 4,785,062 shares of the company were exchanged, compared to its average volume of 2,356,436. The stock has a market capitalization of $7.42 billion, a price-to-earnings ratio of 18.55 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. Starwood Property Trust, Inc. has a one year low of $16.59 and a one year high of $21.12. The company has a fifty day simple moving average of $20.08 and a 200 day simple moving average of $19.79.

Starwood Property Trust (NYSE:STWD - Get Free Report) last announced its earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping 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%.Starwood Property Trust's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same period last year, the company earned $0.48 EPS. Sell-side analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 9.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Starwood Property Trust's dividend payout ratio (DPR) is currently 176.15%.

About Starwood Property Trust

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.