OMERS ADMINISTRATION Corp Makes New Investment in Starwood Property Trust, Inc. $STWD

Key Points

• OMERS ADMINISTRATION Corp has invested approximately $1.57 million in Starwood Property Trust, acquiring 79,400 shares in the first quarter of the year.
• Starwood Property Trust recently declared a $0.48 quarterly dividend, with a dividend yield of 9.5%, set to be paid on October 15th to stockholders of record.
• Starwood Property Trust's stock currently has an average rating of "Moderate Buy" from analysts, with an average target price of $21.70.

OMERS ADMINISTRATION Corp bought a new stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund bought 79,400 shares of the real estate investment trust's stock, valued at approximately $1,570,000.

Several other large investors have also recently made changes to their positions in the company. Northern Trust Corp lifted its stake in shares of Starwood Property Trust by 3.6% in the 1st quarter. Northern Trust Corp now owns 5,479,313 shares of the real estate investment trust's stock valued at $108,326,000 after purchasing an additional 192,283 shares during the period. Raymond James Financial Inc. lifted its holdings in Starwood Property Trust by 5.5% during the first quarter. Raymond James Financial Inc. now owns 2,719,027 shares of the real estate investment trust's stock valued at $53,755,000 after purchasing an additional 141,689 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Starwood Property Trust by 1.9% in the first quarter. Charles Schwab Investment Management Inc. now owns 2,194,942 shares of the real estate investment trust's stock valued at $43,394,000 after purchasing an additional 41,845 shares during the period. HighTower Advisors LLC increased its stake in shares of Starwood Property Trust by 10.7% during the first quarter. HighTower Advisors LLC now owns 1,993,652 shares of the real estate investment trust's stock worth $39,414,000 after purchasing an additional 193,417 shares in the last quarter. Finally, Leeward Investments LLC MA raised its position in shares of Starwood Property Trust by 1.2% during the 1st quarter. Leeward Investments LLC MA now owns 1,324,081 shares of the real estate investment trust's stock worth $26,177,000 after purchasing an additional 15,874 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Trading Up 0.6%

Shares of STWD traded up $0.11 during mid-day trading on Friday, reaching $20.58. The stock had a trading volume of 1,784,600 shares, compared to its average volume of 2,866,676. 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, Inc. has a 52-week low of $16.59 and a 52-week high of $21.17. The business's fifty day moving average is $20.12 and its 200 day moving average is $19.76. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of 18.90 and a beta of 1.28.

Starwood Property Trust (NYSE:STWD - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.41 by $0.02. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The firm had revenue of $444.28 million during the quarter, compared to analyst estimates of $477.00 million. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Starwood Property Trust's quarterly revenue was down 9.3% on a year-over-year basis. On average, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company 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 $0.48 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.3%. Starwood Property Trust's dividend payout ratio is currently 176.15%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. JPMorgan Chase & Co. upped their price target 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. 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 research report on Tuesday, July 15th. Wall Street Zen upgraded shares of Starwood Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. Finally, Keefe, Bruyette & Woods upped their price target 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. Four investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $21.70.

Starwood Property Trust Company 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.