Peddock Capital Advisors LLC Purchases Shares of 12,660 Starwood Property Trust, Inc. $STWD

Key Points

• Peddock Capital Advisors LLC acquired 12,660 shares of Starwood Property Trust, Inc., valued at approximately $254,000, in the second quarter.
• Analysts have upgraded Starwood Property Trust's stock ratings, with a current average target price of $21.13 and a majority rating it as a "Moderate Buy."
• The company announced a quarterly dividend of $0.48 per share, providing a dividend yield of 9.6%, with the payout scheduled for October 15th.

Peddock Capital Advisors LLC purchased a new stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 12,660 shares of the real estate investment trust's stock, valued at approximately $254,000.

A number of other hedge funds have also recently made changes to their positions in STWD. Alpine Bank Wealth Management acquired a new position in shares of Starwood Property Trust during the first quarter valued at about $25,000. Meeder Asset Management Inc. acquired a new position in shares of Starwood Property Trust during the first quarter valued at about $25,000. PSI Advisors LLC acquired a new position in shares of Starwood Property Trust during the first quarter valued at about $28,000. SVB Wealth LLC acquired a new position in shares of Starwood Property Trust during the first quarter valued at about $30,000. Finally, Smallwood Wealth Investment Management LLC acquired a new position in shares of Starwood Property Trust during the first quarter valued at about $40,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

STWD has been the subject of a number of analyst reports. UBS Group lifted their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Keefe, Bruyette & Woods lifted 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. 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. Three analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $21.13.

Starwood Property Trust Stock Up 0.2%

Starwood Property Trust stock opened at $20.07 on Wednesday. Starwood Property Trust, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $21.05. The stock has a market cap of $7.37 billion, a PE ratio of 18.41 and a beta of 1.28. The firm's 50-day simple moving average is $20.05 and its 200 day simple moving average is $19.79. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.61 and a current ratio of 1.61.

Starwood Property Trust (NYSE:STWD - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping the consensus estimate 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 business had revenue of $444.28 million for the quarter, compared to analysts' expectations of $477.00 million. During the same period in the previous year, the company earned $0.48 earnings per share. The firm's revenue for the quarter was down 9.3% compared to the same quarter last year. Research analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.6%. The ex-dividend date of this dividend is Tuesday, September 30th. Starwood Property Trust's dividend payout ratio is currently 176.15%.

About Starwood Property Trust

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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