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

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 4.7% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 1,001,644 shares of the real estate investment trust's stock after buying an additional 45,276 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.30% of Starwood Property Trust worth $19,803,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Meeder Asset Management Inc. bought a new stake in shares of Starwood Property Trust during the 1st quarter worth about $25,000. Alpine Bank Wealth Management bought a new stake in shares of Starwood Property Trust during the 1st quarter worth about $25,000. PSI Advisors LLC bought a new stake in shares of Starwood Property Trust during the 1st quarter worth about $28,000. SVB Wealth LLC bought a new stake in shares of Starwood Property Trust during the 1st quarter worth about $30,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in Starwood Property Trust in the 1st quarter valued at about $40,000. Institutional investors own 49.82% of the company's stock.

Starwood Property Trust Price Performance

STWD stock traded down $0.07 during trading on Friday, reaching $20.51. 3,615,161 shares of the company were exchanged, compared to its average volume of 2,229,833. The company has a 50-day moving average of $20.13 and a two-hundred day moving average of $19.79. The company has a market capitalization of $7.53 billion, a price-to-earnings ratio of 18.82 and a beta of 1.28. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.17. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.61 and a quick ratio of 1.61.

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, topping analysts' consensus estimates of $0.41 by $0.02. The business had revenue of $444.28 million during the quarter, compared to analysts' expectations 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 quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the prior year, the company earned $0.48 EPS. As a group, equities analysts predict that Starwood Property Trust, Inc. will post 1.88 earnings per share 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. Shareholders of record on Tuesday, September 30th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.4%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust's dividend payout ratio is 176.15%.

Analyst Upgrades and Downgrades

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