LPL Financial LLC Raises Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Key Points

• LPL Financial LLC increased its stake in Starwood Property Trust, acquiring an additional 38,226 shares, bringing its total holdings to 496,203 shares, valued at approximately $9.81 million.
• Starwood Property Trust recently declared a quarterly dividend of $0.48, resulting in an annualized dividend of $1.92 and a dividend yield of 9.7%.
• Analysts have mostly rated Starwood Property Trust positively, with a consensus rating of "Moderate Buy" and an average price target of $21.70.

LPL Financial LLC increased its holdings in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 8.3% in the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 496,203 shares of the real estate investment trust's stock after buying an additional 38,226 shares during the quarter. LPL Financial LLC owned about 0.15% of Starwood Property Trust worth $9,810,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of STWD. Alpine Bank Wealth Management purchased a new position in Starwood Property Trust in the first quarter worth about $25,000. PSI Advisors LLC purchased a new position in shares of Starwood Property Trust during the 1st quarter valued at about $28,000. Quarry LP purchased a new position in shares of Starwood Property Trust during the 4th quarter valued at about $31,000. Smallwood Wealth Investment Management LLC purchased a new position in shares of Starwood Property Trust during the 1st quarter valued at about $40,000. Finally, Financial Gravity Asset Management Inc. purchased a new position in shares of Starwood Property Trust during the 1st quarter valued at about $44,000. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Price Performance

Shares of STWD traded down $0.15 during mid-day trading on Monday, hitting $19.73. 2,753,589 shares of the stock were exchanged, compared to its average volume of 2,927,946. The company has a market cap of $7.25 billion, a PE ratio of 18.10 and a beta of 1.26. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a 50-day moving average of $20.14 and a two-hundred day moving average of $19.69. Starwood Property Trust, Inc. has a 52-week low of $16.59 and a 52-week high of $21.17.

Starwood Property Trust (NYSE:STWD - Get Free Report) last released its earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.02. The firm had revenue of $444.28 million for the quarter, compared to the consensus estimate of $477.00 million. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%. The company's revenue for the quarter was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.48 EPS. On average, equities analysts predict that Starwood Property Trust, Inc. will post 1.88 earnings per share 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 dividend of $0.48 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 9.7%. Starwood Property Trust's payout ratio is presently 176.15%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on the company. Wall Street Zen raised Starwood Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday. UBS Group lifted their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. JPMorgan Chase & Co. lifted their price objective on Starwood Property Trust from $19.00 to $19.50 and gave the company an "overweight" rating in a research report on Monday, May 12th. Finally, Keefe, Bruyette & Woods lifted their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Thursday, July 10th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price 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.