The Manufacturers Life Insurance Company Buys New Stake in Starwood Property Trust, Inc. $STWD

Key Points

• The Manufacturers Life Insurance Company acquired 274,002 shares of Starwood Property Trust in the second quarter, worth approximately $4.49 million and representing about 0.07% of the company. Institutional investors collectively own 49.82% of STWD.
• Analyst sentiment remains generally positive, with a consensus rating of “Moderate Buy” and an average price target of $19.20, although Keefe, Bruyette & Woods and JPMorgan lowered their targets to $18.50.
• STWD shares opened at $15.71, near their 12-month low, while the company reported quarterly EPS of $0.40 in line with estimates and maintains a $0.48 quarterly dividend, equivalent to a 12.2% yield.

The Manufacturers Life Insurance Company purchased a new stake in Starwood Property Trust, Inc. (NYSE:STWD - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 274,002 shares of the real estate investment trust's stock, valued at approximately $4,488,000. The Manufacturers Life Insurance Company owned about 0.07% of Starwood Property Trust at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the stock. CENTRAL TRUST Co grew its holdings in shares of Starwood Property Trust by 154.4% during the fourth quarter. CENTRAL TRUST Co now owns 1,496 shares of the real estate investment trust's stock worth $27,000 after purchasing an additional 908 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Starwood Property Trust in the 4th quarter valued at about $28,000. Versant Capital Management Inc boosted its position in shares of Starwood Property Trust by 293.2% in the 2nd quarter. Versant Capital Management Inc now owns 1,954 shares of the real estate investment trust's stock valued at $32,000 after purchasing an additional 1,457 shares during the period. North Star Investment Management Corp. boosted its position 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 valued at $59,000 after purchasing an additional 3,210 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in Starwood Property Trust by 169.2% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,266 shares of the real estate investment trust's stock worth $59,000 after buying an additional 2,053 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company's stock.

Analysts Set New Price Targets

STWD has been the subject of a number of research reports. Zacks Research upgraded Starwood Property Trust from a "strong sell" rating to a "hold" rating in a research note on Thursday, June 25th. Weiss Ratings restated a "hold (c-)" rating on shares of Starwood Property Trust in a research report on Friday, August 7th. Wall Street Zen downgraded shares of Starwood Property Trust from a "hold" rating to a "sell" rating in a research report on Saturday, August 8th. Keefe, Bruyette & Woods decreased 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. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Starwood Property Trust from $19.00 to $18.50 and set an "overweight" rating on the stock in a research report on Tuesday, August 18th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $19.20.

Starwood Property Trust Trading Down 0.6%

Shares of STWD stock opened at $15.71 on Tuesday. The business's 50 day moving average is $16.44 and its two-hundred day moving average is $17.17. Starwood Property Trust, Inc. has a twelve month low of $15.51 and a twelve month high of $20.84. The company has a market capitalization of $5.82 billion, a P/E ratio of 26.63, a price-to-earnings-growth ratio of 2.08 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 (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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.40. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.The business had revenue of $201.42 million for the quarter, compared to analyst estimates of $521.67 million. During the same quarter in the previous year, the company posted $0.43 earnings per share. The company's revenue for the quarter was up 15.6% compared to the same quarter last year. Equities analysts forecast that Starwood Property Trust, Inc. will post 1.4 EPS for the current year.

Starwood Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 12.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Starwood Property Trust's payout ratio is currently 325.42%.

Starwood Property Trust Company 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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