Northern Trust Corp Grows Holdings in Starwood Property Trust, Inc. $STWD

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 lifted its holdings in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 3.6% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 5,479,313 shares of the real estate investment trust's stock after acquiring an additional 192,283 shares during the quarter. Northern Trust Corp owned 1.62% of Starwood Property Trust worth $108,326,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the business. Raymond James Financial Inc. lifted its holdings in shares of Starwood Property Trust by 5.5% in the 1st quarter. Raymond James Financial Inc. now owns 2,719,027 shares of the real estate investment trust's stock worth $53,755,000 after acquiring an additional 141,689 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Starwood Property Trust by 1.9% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,194,942 shares of the real estate investment trust's stock worth $43,394,000 after acquiring an additional 41,845 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Starwood Property Trust by 10.7% in the 1st quarter. HighTower Advisors LLC now owns 1,993,652 shares of the real estate investment trust's stock worth $39,414,000 after acquiring an additional 193,417 shares during the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in shares of Starwood Property Trust by 17.8% in the 4th quarter. Adage Capital Partners GP L.L.C. now owns 1,648,904 shares of the real estate investment trust's stock worth $31,247,000 after acquiring an additional 248,904 shares during the last quarter. Finally, Leeward Investments LLC MA lifted its holdings in shares of Starwood Property Trust by 1.2% in the 1st quarter. Leeward Investments LLC MA now owns 1,324,081 shares of the real estate investment trust's stock worth $26,177,000 after acquiring an additional 15,874 shares during the last quarter. 49.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on STWD. Keefe, Bruyette & Woods boosted their price objective on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an "outperform" rating in a report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price objective 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. UBS Group upped their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a "neutral" rating in a report on Tuesday, July 15th. Finally, Wall Street Zen upgraded shares of Starwood Property Trust from a "sell" rating to a "hold" rating in a report on Saturday, August 9th. Four analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat, Starwood Property Trust currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.70.

Starwood Property Trust Trading Up 0.8%

NYSE STWD traded up $0.17 during trading on Friday, hitting $20.28. The company had a trading volume of 2,292,796 shares, compared to its average volume of 2,689,044. The company has a current ratio of 1.61, a quick 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 company has a market cap of $7.45 billion, a price-to-earnings ratio of 18.61 and a beta of 1.26. The company's fifty day moving average is $20.12 and its 200-day moving average is $19.75.

Starwood Property Trust (NYSE:STWD - Get Free Report) last issued 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 net margin of 20.58% and a return on equity of 8.72%. The business had revenue of $444.28 million during the quarter, compared to analyst estimates of $477.00 million. During the same period in the prior year, the business earned $0.48 EPS. The company's revenue for the quarter was down 9.3% on a year-over-year basis. On average, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently announced 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 of this dividend is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.5%. Starwood Property Trust's dividend payout ratio is currently 176.15%.

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.