NewEdge Advisors LLC Raises Holdings in Starwood Property Trust, Inc. $STWD

Key Points

• NewEdge Advisors increased its Starwood Property Trust stake by 770.6% in the second quarter, adding 110,908 shares to hold 125,301 shares valued at approximately $2.05 million. Institutional investors collectively own 49.82% of the company.
• Starwood Property Trust reported quarterly EPS of $0.40, in line with estimates, while revenue rose 15.6% year over year to $201.42 million. Shares recently traded at $14.96, near their 52-week low of $14.89.
• The company declared a quarterly dividend of $0.48, equivalent to an annualized $1.92 payout and a 12.8% yield. Analysts maintain a consensus “Moderate Buy” rating with an average price target of $19.20.

NewEdge Advisors LLC grew its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 770.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 125,301 shares of the real estate investment trust's stock after purchasing an additional 110,908 shares during the quarter. NewEdge Advisors LLC's holdings in Starwood Property Trust were worth $2,052,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of the business. Squarepoint Ops LLC increased its stake in shares of Starwood Property Trust by 13.2% in the 2nd quarter. Squarepoint Ops LLC now owns 165,062 shares of the real estate investment trust's stock worth $2,704,000 after acquiring an additional 19,265 shares during the last quarter. Baird Financial Group Inc. increased its position in Starwood Property Trust by 8.1% during the second quarter. Baird Financial Group Inc. now owns 135,669 shares of the real estate investment trust's stock worth $2,222,000 after purchasing an additional 10,110 shares during the last quarter. Nykredit A S acquired a new stake in Starwood Property Trust during the second quarter worth about $450,000. HighTower Advisors LLC raised its stake in Starwood Property Trust by 8.8% during the second quarter. HighTower Advisors LLC now owns 3,046,542 shares of the real estate investment trust's stock worth $49,902,000 after purchasing an additional 246,741 shares during the period. Finally, VIRGINIA RETIREMENT SYSTEMS ET Al acquired a new position in Starwood Property Trust in the 2nd quarter valued at about $382,000. Hedge funds and other institutional investors own 49.82% of the company's stock.

Starwood Property Trust Stock Down 0.8%

Shares of NYSE:STWD opened at $14.96 on Friday. Starwood Property Trust, Inc. has a 1 year low of $14.89 and a 1 year high of $20.37. The firm's 50-day moving average is $16.15 and its two-hundred day moving average is $16.94. The firm has a market capitalization of $5.54 billion, a PE ratio of 25.36, a price-to-earnings-growth ratio of 1.99 and a beta of 0.98. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.46 and a quick ratio of 1.46.

Starwood Property Trust (NYSE:STWD - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. The company had revenue of $201.42 million during the quarter, compared to analysts' expectations of $521.67 million. During the same quarter last year, the company posted $0.43 EPS. The firm's revenue was up 15.6% compared to the same quarter last year. Analysts predict that Starwood Property Trust, Inc. will post 1.4 EPS for the current year.

Starwood Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 12.8%. Starwood Property Trust's dividend payout ratio (DPR) is 325.42%.

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on STWD. UBS Group started coverage on shares of Starwood Property Trust in a report on Tuesday, June 2nd. They set a "buy" rating and a $20.00 price target for the company. Keefe, Bruyette & Woods lowered their price objective on Starwood Property Trust from $19.00 to $18.50 and set an "outperform" rating for the company in a research report on Friday, August 7th. Wall Street Zen lowered Starwood Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Weiss Ratings reissued a "hold (c-)" rating on shares of Starwood Property Trust in a research note on Friday, August 7th. Finally, Wells Fargo & Company set a $20.00 target price on Starwood Property Trust in a research report on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat, Starwood Property Trust has a consensus rating of "Moderate Buy" and an average target price of $19.20.

Starwood Property Trust Profile

Starwood Property Trust, Inc is a real estate investment trust focused primarily on commercial real estate finance. The company originates, acquires, finances and manages a range of commercial real estate debt investments, including first mortgage loans, mezzanine loans, subordinated debt and securities backed by commercial properties.

Its activities also include infrastructure lending, residential lending and the ownership or management of commercial real estate investments. Through these businesses, Starwood Property Trust provides financing to property owners, developers and investors across sectors such as office, multifamily, industrial, hospitality and other commercial real estate categories.

Founded in 2009, the company operates primarily in the United States and also pursues investment opportunities in international markets, including Europe.

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