Connor Clark & Lunn Investment Management Ltd. Purchases 72,290 Shares of Starwood Property Trust, Inc. $STWD

Key Points

• Connor Clark & Lunn Investment Management Ltd. increased its stake in Starwood Property Trust by 292.3% during the first quarter, holding 97,022 shares valued at approximately $1.91 million.
• Starwood Property Trust announced a quarterly dividend of $0.48 per share, equating to an annualized yield of 9.7%, with a payout ratio of 176.15%.
• As of the latest report, Starwood Property Trust has a market cap of $7.30 billion and an average target price of $21.70, reflecting a consensus rating of "Moderate Buy."

Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 292.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 97,022 shares of the real estate investment trust's stock after purchasing an additional 72,290 shares during the period. Connor Clark & Lunn Investment Management Ltd.'s holdings in Starwood Property Trust were worth $1,918,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. World Investment Advisors boosted its holdings in shares of Starwood Property Trust by 4.8% during the 1st quarter. World Investment Advisors now owns 11,646 shares of the real estate investment trust's stock worth $230,000 after buying an additional 530 shares during the period. Carnegie Investment Counsel boosted its holdings in shares of Starwood Property Trust by 2.7% during the 1st quarter. Carnegie Investment Counsel now owns 21,225 shares of the real estate investment trust's stock worth $420,000 after buying an additional 550 shares during the period. Carnegie Lake Advisors LLC boosted its holdings in shares of Starwood Property Trust by 0.8% during the 1st quarter. Carnegie Lake Advisors LLC now owns 75,869 shares of the real estate investment trust's stock worth $1,500,000 after buying an additional 600 shares during the period. Spire Wealth Management boosted its holdings in shares of Starwood Property Trust by 5.9% during the 1st quarter. Spire Wealth Management now owns 11,116 shares of the real estate investment trust's stock worth $220,000 after buying an additional 616 shares during the period. Finally, Kovack Advisors Inc. boosted its holdings in shares of Starwood Property Trust by 1.3% during the 1st quarter. Kovack Advisors Inc. now owns 55,707 shares of the real estate investment trust's stock worth $1,101,000 after buying an additional 725 shares during the period. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Price Performance

Shares of NYSE STWD traded down $0.1480 during midday trading on Thursday, reaching $19.9020. The company's stock had a trading volume of 1,666,869 shares, compared to its average volume of 3,080,460. 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, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $21.17. The business's 50 day moving average price is $20.11 and its two-hundred day moving average price is $19.72. The company has a market cap of $7.31 billion, a P/E ratio of 18.26 and a beta of 1.26.

Starwood Property Trust (NYSE:STWD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping 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 company had revenue of $444.28 million during the quarter, compared to the consensus estimate of $477.00 million. During the same quarter in the prior year, the firm posted $0.48 EPS. The firm's quarterly revenue was down 9.3% on a year-over-year basis. On average, analysts forecast that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued 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 176.15%.

Analyst Ratings Changes

Several brokerages recently commented on STWD. Keefe, Bruyette & Woods lifted their target price on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price objective on shares of Starwood Property Trust from $19.00 to $19.50 and gave the company an "overweight" rating in a report on Monday, May 12th. 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, UBS Group lifted their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research report on Tuesday, July 15th. Four research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, Starwood Property Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.70.

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.