Louisiana State Employees Retirement System Has $1.61 Million Stock Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Louisiana State Employees Retirement System cut its position in Starwood Property Trust, Inc. (NYSE:STWD) by 0.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 84,900 shares of the real estate investment trust’s stock after selling 700 shares during the period. Louisiana State Employees Retirement System’s holdings in Starwood Property Trust were worth $1,608,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Fifth Third Bancorp increased its position in shares of Starwood Property Trust by 26.0% during the second quarter. Fifth Third Bancorp now owns 2,572 shares of the real estate investment trust’s stock worth $49,000 after acquiring an additional 531 shares in the last quarter. Retirement Group LLC grew its holdings in shares of Starwood Property Trust by 33.5% in the 1st quarter. Retirement Group LLC now owns 2,516 shares of the real estate investment trust’s stock valued at $51,000 after acquiring an additional 631 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Starwood Property Trust by 7.3% in the fourth quarter. Advisory Services Network LLC now owns 9,455 shares of the real estate investment trust’s stock valued at $199,000 after acquiring an additional 644 shares during the last quarter. Commerce Bank increased its position in shares of Starwood Property Trust by 5.3% in the fourth quarter. Commerce Bank now owns 13,178 shares of the real estate investment trust’s stock valued at $277,000 after acquiring an additional 664 shares during the last quarter. Finally, Benjamin F. Edwards & Company Inc. increased its position in shares of Starwood Property Trust by 1.1% in the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 62,983 shares of the real estate investment trust’s stock valued at $1,324,000 after acquiring an additional 707 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Trading Up 1.6 %

Shares of STWD stock opened at $20.40 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.80. The stock has a market cap of $6.45 billion, a P/E ratio of 14.68 and a beta of 1.69. The stock has a 50 day simple moving average of $19.58 and a 200 day simple moving average of $19.66. Starwood Property Trust, Inc. has a 1 year low of $17.07 and a 1 year high of $22.29.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. Starwood Property Trust had a return on equity of 10.03% and a net margin of 17.05%. The business had revenue of $489.80 million during the quarter, compared to analysts’ expectations of $505.23 million. During the same period in the previous year, the company posted $0.47 earnings per share. The firm’s revenue for the quarter was down 5.0% compared to the same quarter last year. On average, research analysts predict that Starwood Property Trust, Inc. will post 1.91 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.41%. The ex-dividend date of this dividend is Monday, September 30th. Starwood Property Trust’s payout ratio is presently 138.13%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on STWD. JPMorgan Chase & Co. lifted their target price on Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research report on Tuesday, July 16th. BTIG Research reaffirmed a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a research report on Friday, July 19th. Keefe, Bruyette & Woods lifted their target price on Starwood Property Trust from $20.00 to $20.50 and gave the company a “market perform” rating in a research report on Friday, August 9th. Wolfe Research began coverage on Starwood Property Trust in a research report on Tuesday, June 25th. They issued a “peer perform” rating on the stock. Finally, Raymond James lowered their target price on Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.79.

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.