Starwood Property Trust, Inc. $STWD Shares Acquired by Concurrent Investment Advisors LLC

Key Points

• Concurrent Investment Advisors LLC increased its holdings in Starwood Property Trust, Inc. by 12.2% in the second quarter, owning 166,579 shares worth approximately $3.34 million.
• Starwood Property Trust recently declared a quarterly dividend of $0.48 per share, which provides an annualized yield of 10.3%, although the company's payout ratio is significantly high at 176.15%.
• Analysts currently have a consensus rating of "Moderate Buy" for Starwood Property Trust, with an average price target of $21.13, reflecting varying outlooks on the stock among brokerages.

Concurrent Investment Advisors LLC lifted its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 12.2% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 166,579 shares of the real estate investment trust's stock after buying an additional 18,049 shares during the period. Concurrent Investment Advisors LLC's holdings in Starwood Property Trust were worth $3,343,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of STWD. Alpine Bank Wealth Management bought a new stake in shares of Starwood Property Trust during the 1st quarter valued at about $25,000. Meeder Asset Management Inc. bought a new stake in shares of Starwood Property Trust during the 1st quarter valued at about $25,000. PSI Advisors LLC bought a new stake in shares of Starwood Property Trust during the 1st quarter valued at about $28,000. SVB Wealth LLC bought a new stake in shares of Starwood Property Trust during the 1st quarter valued at about $30,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in shares of Starwood Property Trust during the 1st quarter valued at about $40,000. Institutional investors own 49.82% of the company's stock.

Starwood Property Trust Trading Up 1.8%

Shares of NYSE:STWD opened at $18.73 on Tuesday. The company has a 50 day moving average of $19.90 and a 200-day moving average of $19.71. The firm has a market cap of $6.87 billion, a P/E ratio of 17.18 and a beta of 1.29. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.05. 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 (NYSE:STWD - Get Free Report) last released its earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 EPS for the quarter, beating the consensus estimate 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 business had revenue of $444.28 million during the quarter, compared to analyst estimates of $477.00 million. During the same period in the prior year, the business earned $0.48 earnings per share. The business's quarterly revenue was down 9.3% on a year-over-year basis. As a group, analysts anticipate that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

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. The ex-dividend date is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.3%. Starwood Property Trust's payout ratio is currently 176.15%.

Analysts Set New Price Targets

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. Weiss Ratings reissued a "hold (c)" rating on shares of Starwood Property Trust in a research note on Wednesday, October 8th. UBS Group boosted their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a research note on Tuesday, July 15th. Zacks Research lowered shares of Starwood Property Trust from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, September 30th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an "outperform" rating in a research note on Thursday, July 10th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, Starwood Property Trust currently has an average rating of "Moderate Buy" and a consensus price target of $21.13.

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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