Campbell & CO Investment Adviser LLC Buys 54,508 Shares of Starwood Property Trust, Inc. $STWD

Key Points

• Campbell & CO Investment Adviser LLC significantly increased its stake in Starwood Property Trust by 357.6% during the first quarter, owning a total of 69,750 shares valued at approximately $1.38 million.
• Starwood Property Trust reported earnings per share (EPS) of $0.43, exceeding analysts' expectations of $0.41, despite a 9.3% year-over-year revenue decline.
• The company announced a quarterly dividend of $0.48 per share, equating to an annual yield of 9.5%, with the ex-dividend date set for September 30th.

Campbell & CO Investment Adviser LLC raised its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 357.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 69,750 shares of the real estate investment trust's stock after acquiring an additional 54,508 shares during the period. Campbell & CO Investment Adviser LLC's holdings in Starwood Property Trust were worth $1,379,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. World Investment Advisors grew its position in Starwood Property Trust by 4.8% during the first quarter. World Investment Advisors now owns 11,646 shares of the real estate investment trust's stock valued at $230,000 after acquiring an additional 530 shares during the last quarter. Carnegie Investment Counsel boosted its stake in shares of Starwood Property Trust by 2.7% during the first quarter. Carnegie Investment Counsel now owns 21,225 shares of the real estate investment trust's stock valued at $420,000 after purchasing an additional 550 shares during the period. Carnegie Lake Advisors LLC boosted its stake in shares of Starwood Property Trust by 0.8% during the first quarter. Carnegie Lake Advisors LLC now owns 75,869 shares of the real estate investment trust's stock valued at $1,500,000 after purchasing an additional 600 shares during the period. Spire Wealth Management boosted its stake in shares of Starwood Property Trust by 5.9% during the first quarter. Spire Wealth Management now owns 11,116 shares of the real estate investment trust's stock valued at $220,000 after purchasing an additional 616 shares during the period. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Starwood Property Trust by 34.6% during the first quarter. Smartleaf Asset Management LLC now owns 2,531 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 650 shares during the period. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Trading Up 0.8%

STWD stock traded up $0.17 on Friday, reaching $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 business has a fifty day simple moving average of $20.12 and a two-hundred day simple moving average of $19.75. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month 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 company has a debt-to-equity ratio of 2.90, a quick ratio of 1.61 and a current ratio of 1.61.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.41 by $0.02. The business had revenue of $444.28 million during the quarter, compared to the consensus estimate of $477.00 million. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%.The firm's quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.48 earnings per share. As a group, research analysts forecast that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Announces Dividend

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

Analysts Set New Price Targets

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

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.