Public Employees Retirement System of Ohio Makes New $1.77 Million Investment in Starwood Property Trust, Inc. $STWD

Key Points

• Public Employees Retirement System of Ohio acquired 108,282 shares of Starwood Property Trust worth approximately $1.77 million in the second quarter. Institutional investors collectively own 49.82% of the company.
• Starwood Property Trust reported quarterly EPS of $0.40, in line with analyst expectations, while revenue rose 15.6% year over year to $201.42 million.
• The company paid a quarterly dividend of $0.48 per share, equivalent to an annualized $1.92 dividend and an approximately 11.9% yield. Analysts maintain a “Moderate Buy” consensus with a $19.20 average price target.

Public Employees Retirement System of Ohio acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 108,282 shares of the real estate investment trust's stock, valued at approximately $1,774,000.

Other institutional investors and hedge funds have also modified their holdings of the company. BlackRock Inc. purchased a new position in shares of Starwood Property Trust during the 2nd quarter worth $589,366,000. Blue Owl Capital Holdings LP purchased a new stake in shares of Starwood Property Trust in the second quarter valued at $3,216,000. Cetera Investment Advisers grew its position in shares of Starwood Property Trust by 26.7% in the first quarter. Cetera Investment Advisers now owns 764,957 shares of the real estate investment trust's stock valued at $13,173,000 after purchasing an additional 161,049 shares during the period. Kestra Advisory Services LLC increased its stake 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 purchasing an additional 128,300 shares during the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new position in Starwood Property Trust in the second quarter valued at $4,488,000. Hedge funds and other institutional investors own 49.82% of the company's stock.

Starwood Property Trust Stock Performance

Starwood Property Trust stock opened at $16.12 on Monday. The stock's 50-day moving average is $16.37 and its 200-day moving average is $17.10. The company has a market cap of $5.97 billion, a price-to-earnings ratio of 27.32, a price-to-earnings-growth ratio of 2.12 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, Inc. has a 12 month low of $15.48 and a 12 month high of $20.84.

Starwood Property Trust (NYSE:STWD - Get Free Report) last issued its earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share (EPS) 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 business had revenue of $201.42 million during the quarter, compared to analysts' expectations of $521.67 million. During the same quarter in the previous year, the business earned $0.43 EPS. The company's revenue for the quarter was up 15.6% on a year-over-year basis. Equities analysts anticipate that Starwood Property Trust, Inc. will post 1.4 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.92 annualized dividend and a dividend yield of 11.9%. Starwood Property Trust's dividend payout ratio is presently 325.42%.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on STWD shares. Weiss Ratings reissued a "hold (c-)" rating on shares of Starwood Property Trust in a research note on Friday, August 7th. 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 note on Tuesday, August 18th. Wall Street Zen cut shares of Starwood Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Wells Fargo & Company set a $20.00 target price on shares of Starwood Property Trust in a report on Monday, August 17th. Finally, Zacks Research raised shares of Starwood Property Trust from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 25th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $19.20.

Starwood Property Trust Company 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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