Texas Capital Bank Wealth Management Services Inc Makes New Investment in Starwood Property Trust, Inc. $STWD

Key Points

• Texas Capital Bank Wealth Management Services bought 193,760 shares of Starwood Property Trust in the second quarter, valued at approximately $3.17 million. Institutional investors collectively own 49.82% of the company.
• Analyst sentiment is mixed but remains moderately positive: Starwood has an average “Moderate Buy” rating and a $19.30 price target, despite one downgrade to “sell” and a reduced target from Keefe, Bruyette & Woods.
• STWD reported quarterly EPS of $0.40, matching estimates, while revenue increased 15.6% year over year. The company maintains a quarterly dividend of $0.48 per share, equivalent to an annualized yield of approximately 11.8%.

Texas Capital Bank Wealth Management Services Inc purchased a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD - Free Report) in the second quarter, according to its most recent 13F filing with the SEC. The fund purchased 193,760 shares of the real estate investment trust's stock, valued at approximately $3,174,000. Texas Capital Bank Wealth Management Services Inc owned approximately 0.05% of Starwood Property Trust at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in STWD. Quantum Portfolio Management LLC increased its stake in Starwood Property Trust by 882,760.9% in the 1st quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust's stock worth $1,931,676,000 after acquiring an additional 112,163,596 shares during the last quarter. BlackRock Inc. bought a new stake in shares of Starwood Property Trust during the 2nd quarter valued at about $589,366,000. Geode Capital Management LLC boosted its position in shares of Starwood Property Trust by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust's stock valued at $115,453,000 after acquiring an additional 148,740 shares during the last quarter. Northern Trust Corp boosted its position in shares of Starwood Property Trust by 1.2% during the 3rd quarter. Northern Trust Corp now owns 5,387,358 shares of the real estate investment trust's stock valued at $104,353,000 after acquiring an additional 64,178 shares during the last quarter. Finally, Norges Bank purchased a new position in shares of Starwood Property Trust during the fourth quarter worth about $75,177,000. Institutional investors own 49.82% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Wall Street Zen cut shares of Starwood Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Keefe, Bruyette & Woods cut their price target on shares of 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. Weiss Ratings reissued a "hold (c-)" rating on shares of Starwood Property Trust in a report on Friday, August 7th. Zacks Research upgraded shares of Starwood Property Trust from a "strong sell" rating to a "hold" rating in a research report on Thursday, June 25th. Finally, UBS Group began coverage on shares of Starwood Property Trust in a report on Tuesday, June 2nd. They set a "buy" rating and a $20.00 price objective for the company. Four research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $19.30.

Starwood Property Trust Price Performance

Shares of Starwood Property Trust stock opened at $16.27 on Tuesday. The firm has a market capitalization of $6.02 billion, a PE ratio of 27.58, a price-to-earnings-growth ratio of 2.20 and a beta of 0.98. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 3.47. Starwood Property Trust, Inc. has a 12 month low of $15.51 and a 12 month high of $20.84. The business's 50-day moving average price is $16.58 and its 200-day moving average price is $17.30.

Starwood Property Trust (NYSE:STWD - Get Free Report) last released its earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, hitting analysts' consensus estimates of $0.40. The company had revenue of $201.42 million during the quarter, compared to the consensus estimate of $521.67 million. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.Starwood Property Trust's quarterly revenue was up 15.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS. Sell-side analysts forecast that Starwood Property Trust, Inc. will post 1.51 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.92 annualized dividend and a dividend yield of 11.8%. Starwood Property Trust's dividend payout ratio (DPR) is 325.42%.

Starwood Property Trust Profile

Starwood Property Trust NYSE: STWD is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company's portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.

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