Starwood Property Trust, Inc. $STWD Shares Bought by QRG Capital Management Inc.

Key Points

• QRG Capital Management Inc. has increased its stake in Starwood Property Trust by 9.0%, holding 250,278 shares valued at approximately $5.02 million.
• Starwood Property Trust declared a quarterly dividend of $0.48, with a dividend yield of 9.9%, to be paid on October 15th.
• The company's recent earnings report showed an EPS of $0.43, surpassing estimates but reflecting a 9.3% decline in revenue year-over-year.

QRG Capital Management Inc. grew its stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 9.0% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 250,278 shares of the real estate investment trust's stock after buying an additional 20,703 shares during the quarter. QRG Capital Management Inc. owned 0.07% of Starwood Property Trust worth $5,023,000 as of its most recent SEC filing.

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

Starwood Property Trust Price Performance

NYSE:STWD opened at $19.44 on Monday. Starwood Property Trust, Inc. has a 12 month low of $16.59 and a 12 month high of $21.05. The stock has a 50 day moving average of $20.01 and a two-hundred day moving average of $19.77. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.90. The firm has a market cap of $7.14 billion, a P/E ratio of 17.83 and a beta of 1.29.

Starwood Property Trust (NYSE:STWD - Get Free Report) last posted its quarterly earnings data 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 during the quarter, compared to analyst estimates of $477.00 million. During the same period in the previous year, the business earned $0.48 EPS. Starwood Property Trust's quarterly revenue was down 9.3% on a year-over-year basis. On average, analysts expect that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.48 dividend. The ex-dividend date is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.9%. Starwood Property Trust's dividend payout ratio is 176.15%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on STWD shares. UBS Group upped their price target on Starwood Property Trust from $19.50 to $20.00 and gave the stock a "neutral" rating in a report on Tuesday, July 15th. Weiss Ratings reaffirmed a "hold (c)" rating on shares of Starwood Property Trust in a report on Saturday, September 27th. Wall Street Zen raised Starwood Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Zacks Research cut Starwood Property Trust from a "strong-buy" rating to a "hold" rating in a report on Tuesday, September 30th. Finally, Keefe, Bruyette & Woods upped their price target on Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. Three analysts have rated the stock with a Buy rating and three have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $21.13.

Starwood Property Trust 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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