Park Avenue Securities LLC Buys Shares of 10,858 Starwood Property Trust, Inc. (NYSE:STWD)

Park Avenue Securities LLC bought a new stake in Starwood Property Trust, Inc. (NYSE:STWD) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,858 shares of the real estate investment trust’s stock, valued at approximately $215,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Wealth Quarterback LLC increased its position in Starwood Property Trust by 3.6% during the 4th quarter. Wealth Quarterback LLC now owns 14,817 shares of the real estate investment trust’s stock worth $281,000 after purchasing an additional 518 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Starwood Property Trust by 1.1% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 70,740 shares of the real estate investment trust’s stock worth $1,341,000 after purchasing an additional 755 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in Starwood Property Trust by 1.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 65,174 shares of the real estate investment trust’s stock worth $1,235,000 after purchasing an additional 800 shares in the last quarter. Rathbones Group PLC increased its position in Starwood Property Trust by 3.6% during the 4th quarter. Rathbones Group PLC now owns 22,975 shares of the real estate investment trust’s stock worth $435,000 after purchasing an additional 800 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its holdings in Starwood Property Trust by 83.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust’s stock valued at $36,000 after buying an additional 854 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. JPMorgan Chase & Co. boosted their target price on Starwood Property Trust from $19.00 to $19.50 and gave the stock an “overweight” rating in a report on Monday, May 12th. UBS Group reaffirmed a “neutral” rating and issued a $19.50 target price (up from $19.00) on shares of Starwood Property Trust in a research report on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods cut their target price on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Monday, April 7th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.83.

Starwood Property Trust Stock Up 0.2%

Shares of STWD stock opened at $20.06 on Tuesday. The stock’s 50 day simple moving average is $19.36 and its 200 day simple moving average is $19.49. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.17. The company has a market capitalization of $6.81 billion, a price-to-earnings ratio of 17.15 and a beta of 1.25.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Friday, May 9th. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The business had revenue of $418.18 million for the quarter, compared to analyst estimates of $469.00 million. During the same quarter last year, the firm earned $0.59 earnings per share. As a group, research analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, July 15th. Shareholders of record on Wednesday, July 30th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.57%. The ex-dividend date of this dividend is Monday, June 30th. Starwood Property Trust’s payout ratio is 202.11%.

Starwood Property Trust 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.