Highland Capital Management LLC Has $1.51 Million Position in Starwood Property Trust, Inc. (NYSE:STWD)

Highland Capital Management LLC boosted its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 68.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 76,450 shares of the real estate investment trust's stock after purchasing an additional 31,000 shares during the period. Highland Capital Management LLC's holdings in Starwood Property Trust were worth $1,511,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Truist Financial Corp lifted its position in shares of Starwood Property Trust by 19.2% during the fourth quarter. Truist Financial Corp now owns 49,906 shares of the real estate investment trust's stock worth $946,000 after purchasing an additional 8,047 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Starwood Property Trust by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 2,669,827 shares of the real estate investment trust's stock worth $50,593,000 after buying an additional 10,979 shares during the period. Oregon Public Employees Retirement Fund grew its holdings in Starwood Property Trust by 1.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 65,174 shares of the real estate investment trust's stock worth $1,235,000 after acquiring an additional 800 shares during the period. Proficio Capital Partners LLC bought a new stake in shares of Starwood Property Trust during the 4th quarter valued at $377,000. Finally, QRG Capital Management Inc. boosted its position in shares of Starwood Property Trust by 3.6% in the 4th quarter. QRG Capital Management Inc. now owns 220,856 shares of the real estate investment trust's stock worth $4,185,000 after purchasing an additional 7,579 shares during the last quarter. Institutional investors own 49.82% of the company's stock.

Starwood Property Trust Stock Up 0.8%

Shares of STWD stock traded up $0.15 during trading hours on Monday, hitting $20.07. 485,454 shares of the company were exchanged, compared to its average volume of 2,506,495. Starwood Property Trust, Inc. has a 52 week low of $16.59 and a 52 week high of $21.17. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.73. The business has a 50 day moving average of $19.70 and a two-hundred day moving average of $19.49. The company has a market capitalization of $6.81 billion, a PE ratio of 21.13 and a beta of 1.26.

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

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 30th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.56%. The ex-dividend date is Monday, June 30th. Starwood Property Trust's payout ratio is 202.11%.

Analyst Upgrades and Downgrades

STWD has been the topic of several analyst reports. Keefe, Bruyette & Woods cut their target price on Starwood Property Trust from $22.00 to $21.00 and set an "outperform" rating on the stock in a research note on Monday, April 7th. UBS Group restated a "neutral" rating and set a $19.50 price objective (up previously from $19.00) on shares of Starwood Property Trust in a report on Wednesday, May 21st. Finally, JPMorgan Chase & Co. increased their target price on shares of Starwood Property Trust from $19.00 to $19.50 and gave the stock an "overweight" rating in a report on Monday, May 12th. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $21.83.

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.