NewEdge Wealth LLC Makes New $1.53 Million Investment in Starwood Property Trust, Inc. $STWD

Key Points

• NewEdge Wealth purchased 93,741 shares of Starwood Property Trust, valued at approximately $1.53 million, while institutional investors collectively own 49.82% of the stock.
• 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.
• The company pays a quarterly dividend of $0.48, or $1.92 annually, yielding about 11.7%; analysts have a “Moderate Buy” consensus and an average price target of $19.20 versus a recent price of $16.39.

NewEdge Wealth LLC purchased a new stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 93,741 shares of the real estate investment trust's stock, valued at approximately $1,535,000.

Several other institutional investors also recently made changes to their positions in the stock. Kestra Advisory Services LLC boosted its holdings in Starwood Property Trust by 63.3% in the first quarter. Kestra Advisory Services LLC now owns 331,004 shares of the real estate investment trust's stock valued at $5,700,000 after acquiring an additional 128,300 shares during the last quarter. Cetera Investment Advisers increased its stake in Starwood Property Trust by 26.7% during the first quarter. Cetera Investment Advisers now owns 764,957 shares of the real estate investment trust's stock worth $13,173,000 after acquiring an additional 161,049 shares during the last quarter. Geode Capital Management LLC increased its stake in Starwood Property Trust by 2.4% during the fourth quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust's stock worth $115,453,000 after acquiring an additional 148,740 shares during the last quarter. Norges Bank purchased a new position in shares of Starwood Property Trust in the 4th quarter worth about $75,177,000. Finally, Texas Capital Bank Wealth Management Services Inc purchased a new position in shares of Starwood Property Trust in the 2nd quarter worth about $3,174,000. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Stock Performance

Shares of NYSE:STWD opened at $16.39 on Friday. The company has a market cap of $6.07 billion, a P/E ratio of 27.78, a PEG ratio of 2.16 and a beta of 0.98. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.46 and a current ratio of 1.46. Starwood Property Trust, Inc. has a one year low of $15.51 and a one year high of $20.84. The business's 50-day simple moving average is $16.53 and its 200 day simple moving average is $17.26.

Starwood Property Trust (NYSE:STWD - Get Free Report) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, hitting analysts' consensus estimates of $0.40. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.The firm had revenue of $201.42 million during the quarter, compared to analysts' expectations of $521.67 million. During the same quarter in the prior year, the business earned $0.43 EPS. Starwood Property Trust's quarterly revenue was up 15.6% compared to the same quarter last year. On average, sell-side analysts forecast that Starwood Property Trust, Inc. will post 1.4 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.48 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.92 annualized dividend and a dividend yield of 11.7%. Starwood Property Trust's dividend payout ratio is 325.42%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on Starwood Property Trust from $19.00 to $18.50 and set an "outperform" rating for the company in a report on Friday, August 7th. UBS Group assumed coverage on shares of Starwood Property Trust in a research report on Tuesday, June 2nd. They set a "buy" rating and a $20.00 price target on the stock. Wall Street Zen downgraded shares of Starwood Property Trust from a "hold" rating to a "sell" rating in a research note on Saturday, August 8th. JPMorgan Chase & Co. dropped their price objective on shares of Starwood Property Trust from $19.00 to $18.50 and set an "overweight" rating for the company in a research report on Tuesday. Finally, Weiss Ratings reissued a "hold (c-)" rating on shares of Starwood Property Trust in a research note on Friday, August 7th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $19.20.

Starwood Property Trust Profile

Starwood Property Trust NYSE: STWD is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company's portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.

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