Starwood Property Trust, Inc. $STWD Shares Acquired by Northern Trust Corp

Key Points

• Northern Trust Corp increased its holdings in Starwood Property Trust by 3.6% during the first quarter, owning approximately 5.48 million shares worth $108.3 million.
• Starwood Property Trust reported $0.43 earnings per share for the last quarter, exceeding analysts' expectations, but revenue decreased by 9.3% year-over-year.
• The company declared a quarterly dividend of $0.48, representing an annualized yield of 9.5%, with the payout ratio at 176.15%.

Northern Trust Corp boosted its position in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 3.6% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,479,313 shares of the real estate investment trust's stock after purchasing an additional 192,283 shares during the period. Northern Trust Corp owned about 1.62% of Starwood Property Trust worth $108,326,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in Starwood Property Trust by 0.4% in the 1st quarter. Principal Financial Group Inc. now owns 737,047 shares of the real estate investment trust's stock valued at $14,571,000 after purchasing an additional 2,993 shares in the last quarter. Teacher Retirement System of Texas purchased a new position in Starwood Property Trust in the 1st quarter valued at approximately $925,000. Oppenheimer & Co. Inc. increased its stake in Starwood Property Trust by 73.1% in the 1st quarter. Oppenheimer & Co. Inc. now owns 85,774 shares of the real estate investment trust's stock valued at $1,696,000 after purchasing an additional 36,209 shares in the last quarter. Highland Capital Management LLC increased its stake in Starwood Property Trust by 68.2% in the 1st quarter. Highland Capital Management LLC now owns 76,450 shares of the real estate investment trust's stock valued at $1,511,000 after purchasing an additional 31,000 shares in the last quarter. Finally, Pinion Investment Advisors LLC increased its stake in Starwood Property Trust by 120.9% in the 1st quarter. Pinion Investment Advisors LLC now owns 56,482 shares of the real estate investment trust's stock valued at $1,117,000 after purchasing an additional 30,908 shares in the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Trading Down 0.0%

STWD stock traded down $0.01 on Wednesday, hitting $20.15. 2,915,677 shares of the company were exchanged, compared to its average volume of 2,899,634. The company has a debt-to-equity ratio of 2.90, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market capitalization of $7.40 billion, a price-to-earnings ratio of 18.48 and a beta of 1.26. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.17. The business's fifty day moving average is $20.12 and its two-hundred day moving average is $19.73.

Starwood Property Trust (NYSE:STWD - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $444.28 million during the quarter, compared to analysts' expectations of $477.00 million. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The business's quarterly revenue was down 9.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.48 EPS. As a group, research analysts forecast that Starwood Property Trust, Inc. will post 1.88 earnings per share 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. Stockholders of record on Tuesday, September 30th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.5%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust's dividend payout ratio (DPR) is 176.15%.

Analyst Upgrades and Downgrades

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

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.