Starwood Property Trust, Inc. $STWD Shares Purchased by Seneca House Advisors

Key Points

• Seneca House Advisors increased its stake in Starwood Property Trust, Inc. by 11.9%, making it the firm's 5th largest position with approximately 4.6% of their portfolio.
• Starwood Property Trust reported $0.43 earnings per share for the last quarter, exceeding estimates, but experienced a 9.3% year-over-year revenue decline.
• The company declared a quarterly dividend of $0.48 per share, which yields 9.5%, with a high dividend payout ratio of 176.15%.

Seneca House Advisors raised its stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 11.9% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 534,176 shares of the real estate investment trust's stock after acquiring an additional 56,715 shares during the period. Starwood Property Trust accounts for about 4.6% of Seneca House Advisors' investment portfolio, making the stock its 5th biggest holding. Seneca House Advisors owned about 0.16% of Starwood Property Trust worth $10,721,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Red Spruce Capital LLC raised its holdings in shares of Starwood Property Trust by 3.0% during the second quarter. Red Spruce Capital LLC now owns 33,472 shares of the real estate investment trust's stock valued at $672,000 after buying an additional 976 shares during the last quarter. Peak Financial Advisors LLC raised its holdings in shares of Starwood Property Trust by 5.8% during the second quarter. Peak Financial Advisors LLC now owns 23,899 shares of the real estate investment trust's stock valued at $480,000 after buying an additional 1,320 shares during the last quarter. Strs Ohio bought a new stake in shares of Starwood Property Trust during the first quarter valued at approximately $2,376,000. Advisors Capital Management LLC raised its holdings in shares of Starwood Property Trust by 4.4% during the first quarter. Advisors Capital Management LLC now owns 1,356,714 shares of the real estate investment trust's stock valued at $26,822,000 after buying an additional 57,638 shares during the last quarter. Finally, Twin Lakes Capital Management LLC lifted its position in Starwood Property Trust by 2.1% in the first quarter. Twin Lakes Capital Management LLC now owns 182,810 shares of the real estate investment trust's stock worth $3,614,000 after purchasing an additional 3,722 shares during the period. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STWD has been the subject of a number of research analyst reports. UBS Group upped their target price on Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods upped their target price on Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Finally, Wall Street Zen raised Starwood Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat.com, Starwood Property Trust has an average rating of "Moderate Buy" and a consensus price target of $21.13.

Starwood Property Trust Stock Performance

Shares of Starwood Property Trust stock traded down $0.08 during trading on Friday, reaching $20.22. The company's stock had a trading volume of 4,785,062 shares, compared to its average volume of 2,356,436. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.61 and a current ratio of 1.61. The business's fifty day moving average price is $20.08 and its 200-day moving average price is $19.79. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of 18.55 and a beta of 1.28. Starwood Property Trust, Inc. has a one year low of $16.59 and a one year high of $21.12.

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 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 company had revenue of $444.28 million for the quarter, compared to the consensus estimate of $477.00 million. During the same period in the previous year, the business posted $0.48 EPS. The company's revenue for the quarter was down 9.3% on a year-over-year basis. As a group, equities research analysts predict that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.5%. Starwood Property Trust's dividend payout ratio is currently 176.15%.

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.