Truvestments Capital LLC Purchases 77,124 Shares of Starwood Property Trust, Inc. $STWD

Key Points

• Truvestments Capital LLC increased its stake in Starwood Property Trust by 50.6%, now holding approximately 229,416 shares valued at $4.54 million, making it the 23rd largest position in their portfolio.
• Starwood Property Trust announced a quarterly dividend of $0.48 per share, resulting in an annualized dividend of $1.92 and a yield of 9.5%.
• Analysts have shown positive sentiment, with Starwood receiving a consensus rating of "Moderate Buy" and an average price target of $21.70.

Truvestments Capital LLC grew its position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 50.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 229,416 shares of the real estate investment trust's stock after buying an additional 77,124 shares during the quarter. Starwood Property Trust accounts for 1.0% of Truvestments Capital LLC's portfolio, making the stock its 23rd largest position. Truvestments Capital LLC owned about 0.07% of Starwood Property Trust worth $4,536,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Alpine Bank Wealth Management purchased a new stake in Starwood Property Trust in the first quarter worth approximately $25,000. Meeder Asset Management Inc. purchased a new stake in Starwood Property Trust in the first quarter worth approximately $25,000. PSI Advisors LLC purchased a new stake in Starwood Property Trust in the first quarter worth approximately $28,000. SVB Wealth LLC purchased a new stake in Starwood Property Trust in the first quarter worth approximately $30,000. Finally, Quarry LP purchased a new stake in Starwood Property Trust in the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 49.82% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. raised 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. Wall Street Zen upgraded shares of Starwood Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. UBS Group raised their target price on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods increased their price target on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a research report on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $21.70.

Starwood Property Trust Stock Performance

STWD traded up $0.17 during trading on Monday, hitting $20.28. The company's stock had a trading volume of 2,292,796 shares, compared to its average volume of 2,580,700. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.90. Starwood Property Trust, Inc. has a one year low of $16.59 and a one year high of $21.17. The firm has a market cap of $7.45 billion, a PE ratio of 18.61 and a beta of 1.28. The business's 50 day simple moving average is $20.12 and its 200-day simple moving average is $19.75.

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 earnings per share for the quarter, topping 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 for the quarter, compared to the consensus estimate of $477.00 million. During the same period last year, the firm earned $0.48 earnings per share. The company's quarterly revenue was down 9.3% on a year-over-year basis. As a group, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company 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. This represents a $1.92 annualized dividend and a dividend yield of 9.5%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust's dividend payout ratio (DPR) is presently 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.