Starwood Property Trust, Inc. $STWD Shares Purchased by Steward Partners Investment Advisory LLC

Key Points

• Steward Partners Investment Advisory LLC increased its stake in Starwood Property Trust by 7.1%, owning 225,116 shares worth approximately $4.45 million after purchasing 14,922 additional shares.
• Starwood Property Trust announced a quarterly dividend of $0.48 per share, with a dividend yield of 9.6%, scheduled for payment on October 15th.
• The company's latest earnings report showed a decrease in revenue year-over-year by 9.3%, with earnings per share at $0.43, surpassing analysts' expectations by $0.02.

Steward Partners Investment Advisory LLC lifted its position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 7.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 225,116 shares of the real estate investment trust's stock after purchasing an additional 14,922 shares during the period. Steward Partners Investment Advisory LLC owned about 0.07% of Starwood Property Trust worth $4,451,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in STWD. Alpine Bank Wealth Management acquired a new stake in shares of Starwood Property Trust during the first quarter worth about $25,000. Meeder Asset Management Inc. acquired a new stake in shares of Starwood Property Trust during the first quarter worth about $25,000. PSI Advisors LLC acquired a new stake in shares of Starwood Property Trust during the first quarter worth about $28,000. Quarry LP acquired a new stake in shares of Starwood Property Trust during the fourth quarter worth about $31,000. Finally, Smallwood Wealth Investment Management LLC acquired a new stake in shares of Starwood Property Trust during the first quarter worth about $40,000. Institutional investors and hedge funds own 49.82% of the company's stock.

Analysts Set New Price Targets

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

Starwood Property Trust Stock Performance

NYSE STWD traded up $0.3530 on Friday, hitting $20.2430. 3,105,283 shares of the company's stock were exchanged, compared to its average volume of 2,929,610. 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 firm's 50-day moving average price is $20.11 and its two-hundred day moving average price is $19.73. Starwood Property Trust, Inc. has a fifty-two week low of $16.59 and a fifty-two week high of $21.17. The firm has a market cap of $7.43 billion, a price-to-earnings ratio of 18.57 and a beta of 1.26.

Starwood Property Trust (NYSE:STWD - Get Free Report) last released its earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. The company had revenue of $444.28 million for the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.48 EPS. On average, research analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Investors 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 dividend yield of 9.5%. Starwood Property Trust's dividend payout ratio is currently 176.15%.

Starwood Property Trust Company 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.