MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Has $19.80 Million Stock Holdings in Starwood Property Trust, Inc. $STWD

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 4.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,001,644 shares of the real estate investment trust's stock after buying an additional 45,276 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.30% of Starwood Property Trust worth $19,803,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Alpine Bank Wealth Management bought a new stake in Starwood Property Trust in the 1st quarter valued at $25,000. Meeder Asset Management Inc. acquired a new stake in Starwood Property Trust in the 1st quarter valued at about $25,000. PSI Advisors LLC acquired a new stake in shares of Starwood Property Trust during the 1st quarter worth approximately $28,000. SVB Wealth LLC acquired a new stake in shares of Starwood Property Trust during the 1st quarter worth approximately $30,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in shares of Starwood Property Trust during the 1st quarter worth approximately $40,000. 49.82% of the stock is owned by institutional investors.

Starwood Property Trust Stock Up 0.6%

STWD stock opened at $20.58 on Monday. The stock has a market capitalization of $7.56 billion, a P/E ratio of 18.88 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 12 month low of $16.59 and a 12 month high of $21.17. The firm has a 50-day moving average price of $20.12 and a 200-day moving average price of $19.76.

Starwood Property Trust (NYSE:STWD - Get Free Report) last released its quarterly earnings data 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. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%.The company had revenue of $444.28 million during the quarter, compared to the consensus estimate of $477.00 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. The firm's revenue was down 9.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 annualized dividend and a yield of 9.3%. Starwood Property Trust's dividend payout ratio (DPR) is presently 176.15%.

Analysts Set New Price Targets

Several research analysts recently weighed in on STWD shares. UBS Group lifted their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Keefe, Bruyette & Woods boosted their price objective on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price objective on shares of Starwood Property Trust from $19.00 to $19.50 and gave the stock an "overweight" rating in a research report on Monday, May 12th. Finally, Wall Street Zen upgraded shares of Starwood Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Four analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, Starwood Property Trust has an average 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.

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