SkyOak Wealth LLC Acquires 19,619 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

SkyOak Wealth LLC boosted its holdings in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 10.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 202,172 shares of the real estate investment trust's stock after acquiring an additional 19,619 shares during the quarter. SkyOak Wealth LLC owned 0.06% of Starwood Property Trust worth $3,997,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new position in shares of Starwood Property Trust in the fourth quarter valued at approximately $63,044,000. Raymond James Financial Inc. bought a new position in Starwood Property Trust during the 4th quarter valued at $48,841,000. Northern Trust Corp boosted its holdings in Starwood Property Trust by 16.2% during the 4th quarter. Northern Trust Corp now owns 5,287,030 shares of the real estate investment trust's stock worth $100,189,000 after acquiring an additional 736,699 shares during the last quarter. Focus Partners Wealth boosted its holdings in Starwood Property Trust by 305.4% during the 4th quarter. Focus Partners Wealth now owns 670,093 shares of the real estate investment trust's stock worth $12,699,000 after acquiring an additional 504,812 shares during the last quarter. Finally, Vanguard Group Inc. grew its stake in shares of Starwood Property Trust by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust's stock worth $586,375,000 after acquiring an additional 377,939 shares in the last quarter. Institutional investors and hedge funds own 49.82% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Keefe, Bruyette & Woods raised their price target on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an "outperform" rating in a research report on Thursday. UBS Group reissued a "neutral" rating and set a $19.50 target price (up previously from $19.00) on shares of Starwood Property Trust in a research report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. boosted their target price on Starwood Property Trust from $19.00 to $19.50 and gave the stock an "overweight" rating in a research note on Monday, May 12th. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $22.00.

Starwood Property Trust Stock Down 0.4%

STWD opened at $20.88 on Friday. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.17. The company's 50-day moving average price is $20.04 and its two-hundred day moving average price is $19.57. The stock has a market cap of $7.09 billion, a price-to-earnings ratio of 21.98 and a beta of 1.24. The company has a quick ratio of 1.74, a current ratio of 1.74 and a debt-to-equity ratio of 2.73.

Starwood Property Trust (NYSE:STWD - Get Free Report) last posted its quarterly earnings data on Friday, May 9th. The real estate investment trust reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). Starwood Property Trust had a net margin of 17.26% and a return on equity of 8.87%. The firm had revenue of $418.18 million during the quarter, compared to analysts' expectations of $469.00 million. During the same quarter in the previous year, the company posted $0.59 EPS. As a group, equities analysts expect that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 30th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.20%. The ex-dividend date is Monday, June 30th. Starwood Property Trust's dividend payout ratio (DPR) is currently 202.11%.

Starwood Property Trust 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.

Want to see what other hedge funds are holding STWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starwood Property Trust, Inc. (NYSE:STWD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.