Starwood Property Trust, Inc. $STWD Shares Purchased by Truvestments Capital LLC

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 lifted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 50.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor 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 makes up about 1.0% of Truvestments Capital LLC's investment portfolio, making the stock its 23rd largest holding. Truvestments Capital LLC owned approximately 0.07% of Starwood Property Trust worth $4,536,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Alpine Bank Wealth Management bought a new position in Starwood Property Trust during the first quarter worth $25,000. Meeder Asset Management Inc. bought a new position in Starwood Property Trust during the first quarter worth $25,000. PSI Advisors LLC bought a new position in Starwood Property Trust during the first quarter worth $28,000. SVB Wealth LLC bought a new position in Starwood Property Trust during the first quarter worth $30,000. Finally, Quarry LP bought a new position in Starwood Property Trust during the fourth quarter worth $31,000. 49.82% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STWD. UBS Group raised their price objective on Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a research note on Tuesday, July 15th. Keefe, Bruyette & Woods raised their price objective on Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. raised their price objective on Starwood Property Trust from $19.00 to $19.50 and gave the stock an "overweight" rating in a research note on Monday, May 12th. Finally, Wall Street Zen upgraded Starwood Property Trust from a "sell" rating to a "hold" rating in a research note on Saturday, August 9th. Four analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.70.

Starwood Property Trust Stock Performance

STWD stock traded up $0.17 during mid-day trading on Friday, reaching $20.28. The company had a trading volume of 2,292,796 shares, compared to its average volume of 2,689,044. The stock has a market capitalization of $7.45 billion, a P/E ratio of 18.61 and a beta of 1.26. 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 stock's 50-day simple moving average is $20.12 and its two-hundred day simple moving average is $19.75.

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, beating analysts' consensus estimates of $0.41 by $0.02. The company had revenue of $444.28 million for the quarter, compared to analyst estimates of $477.00 million. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%.The company's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period last year, the company earned $0.48 earnings per share. Research analysts anticipate that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Dividend Announcement

The firm 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. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date of this dividend is Tuesday, September 30th. Starwood Property Trust's dividend payout ratio (DPR) is 176.15%.

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.