Starwood Property Trust, Inc. (NYSE:STWD) Shares Acquired by Connor Clark & Lunn Investment Management Ltd.

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 stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 292.3% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 97,022 shares of the real estate investment trust's stock after buying an additional 72,290 shares during the quarter. Connor Clark & Lunn Investment Management Ltd.'s holdings in Starwood Property Trust were worth $1,918,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. World Investment Advisors lifted its position 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 last quarter. Carnegie Investment Counsel lifted its position in Starwood Property Trust by 2.7% in the first quarter. Carnegie Investment Counsel now owns 21,225 shares of the real estate investment trust's stock valued at $420,000 after acquiring an additional 550 shares during the last quarter. Carnegie Lake Advisors LLC lifted its position in Starwood Property Trust by 0.8% in the first quarter. Carnegie Lake Advisors LLC now owns 75,869 shares of the real estate investment trust's stock valued at $1,500,000 after acquiring an additional 600 shares during the last quarter. Spire Wealth Management lifted its position in Starwood Property Trust by 5.9% in the first quarter. Spire Wealth Management now owns 11,116 shares of the real estate investment trust's stock valued at $220,000 after acquiring an additional 616 shares during the last quarter. Finally, Kovack Advisors Inc. lifted its position in Starwood Property Trust by 1.3% in the first quarter. Kovack Advisors Inc. now owns 55,707 shares of the real estate investment trust's stock valued at $1,101,000 after acquiring an additional 725 shares during the last quarter. 49.82% of the stock is owned by institutional investors and hedge funds.

Starwood Property Trust Price Performance

Shares of NYSE STWD opened at $19.87 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.90. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.17. The stock has a 50 day moving average of $20.14 and a two-hundred day moving average of $19.70. The stock has a market cap of $7.30 billion, a P/E ratio of 18.23 and a beta of 1.26.

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 EPS for the quarter, topping the consensus estimate of $0.41 by $0.02. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%. The business had revenue of $444.28 million during the quarter, compared to analysts' expectations of $477.00 million. During the same quarter in the prior year, the business earned $0.48 earnings per share. The company's quarterly revenue was down 9.3% compared to the same quarter last year. On average, research analysts forecast that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.7%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust's dividend payout ratio is 176.15%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on STWD. Wall Street Zen raised shares of Starwood Property Trust from a "sell" rating to a "hold" rating in a research report on Saturday, August 9th. UBS Group boosted their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Keefe, Bruyette & Woods boosted their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Finally, JPMorgan Chase & Co. boosted their price objective on Starwood Property Trust from $19.00 to $19.50 and gave the company an "overweight" rating in a research note on Monday, May 12th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus 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.

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