Starwood Property Trust, Inc. $STWD Stock Holdings Increased by QRG Capital Management Inc.

Key Points

• QRG Capital Management more than doubled its Starwood Property Trust stake in the second quarter, increasing holdings by 101.4% to 344,716 shares valued at approximately $5.65 million. Institutional investors collectively own 49.82% of STWD.
• Starwood Property Trust reported quarterly EPS of $0.40, in line with estimates, while revenue rose 15.6% year over year to $201.42 million. The stock opened at $14.34, near its 12-month low of $14.33.
• The company declared a quarterly dividend of $0.48 per share, equivalent to a 13.4% annualized yield, although its payout ratio is elevated at 325.42%. Analysts maintain a “Moderate Buy” consensus with an average price target of $19.20.

QRG Capital Management Inc. grew its position in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) by 101.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 344,716 shares of the real estate investment trust's stock after acquiring an additional 173,558 shares during the quarter. QRG Capital Management Inc. owned about 0.09% of Starwood Property Trust worth $5,646,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Versant Capital Management Inc increased its position in Starwood Property Trust by 293.2% in the second quarter. Versant Capital Management Inc now owns 1,954 shares of the real estate investment trust's stock worth $32,000 after purchasing an additional 1,457 shares during the last quarter. Orion Capital Management LLC bought a new position in Starwood Property Trust during the second quarter valued at $33,000. Bullseye Investment Management LLC purchased a new position in shares of Starwood Property Trust in the 2nd quarter worth $34,000. CENTRAL TRUST Co grew its stake in shares of Starwood Property Trust by 66.6% in the 1st quarter. CENTRAL TRUST Co now owns 2,493 shares of the real estate investment trust's stock worth $43,000 after buying an additional 997 shares in the last quarter. Finally, North Star Investment Management Corp. increased its holdings in shares of Starwood Property Trust by 1,605.0% in the 1st quarter. North Star Investment Management Corp. now owns 3,410 shares of the real estate investment trust's stock worth $59,000 after buying an additional 3,210 shares during the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Price Performance

Starwood Property Trust stock opened at $14.34 on Friday. Starwood Property Trust, Inc. has a 12-month low of $14.33 and a 12-month high of $20.14. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 3.47. The firm has a 50-day moving average price of $16.00 and a 200-day moving average price of $16.84. The firm has a market capitalization of $5.31 billion, a PE ratio of 24.31, a price-to-earnings-growth ratio of 1.99 and a beta of 0.98.

Starwood Property Trust (NYSE:STWD - Get Free Report) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. The company had revenue of $201.42 million for the quarter, compared to the consensus estimate of $521.67 million. During the same period in the prior year, the firm posted $0.43 EPS. The firm's revenue was up 15.6% compared to the same quarter last year. As a group, equities research analysts forecast that Starwood Property Trust, Inc. will post 1.4 EPS for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 15th. Investors of record on Wednesday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date is Wednesday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 13.4%. Starwood Property Trust's payout ratio is presently 325.42%.

Wall Street Analyst Weigh In

Several research analysts recently commented on STWD shares. Weiss Ratings reiterated a "hold (c-)" rating on shares of Starwood Property Trust in a research report on Friday, August 7th. Wells Fargo & Company set a $20.00 price objective on Starwood Property Trust in a research report on Monday, August 17th. Keefe, Bruyette & Woods lowered their price objective on Starwood Property Trust from $19.00 to $18.50 and set an "outperform" rating for the company in a research note on Friday, August 7th. Citigroup reiterated a "market outperform" rating on shares of Starwood Property Trust in a report on Thursday. Finally, UBS Group started coverage on Starwood Property Trust in a research report on Tuesday, June 2nd. They set a "buy" rating and a $20.00 target price on the stock. Five analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $19.20.

Starwood Property Trust Profile

Starwood Property Trust, Inc is a real estate investment trust focused primarily on commercial real estate finance. The company originates, acquires, finances and manages a range of commercial real estate debt investments, including first mortgage loans, mezzanine loans, subordinated debt and securities backed by commercial properties.

Its activities also include infrastructure lending, residential lending and the ownership or management of commercial real estate investments. Through these businesses, Starwood Property Trust provides financing to property owners, developers and investors across sectors such as office, multifamily, industrial, hospitality and other commercial real estate categories.

Founded in 2009, the company operates primarily in the United States and also pursues investment opportunities in international markets, including Europe.

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