46,800 Shares in Starwood Property Trust, Inc. (NYSE:STWD) Purchased by Teacher Retirement System of Texas

Teacher Retirement System of Texas purchased a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 46,800 shares of the real estate investment trust’s stock, valued at approximately $925,000.

A number of other hedge funds also recently bought and sold shares of STWD. Proficio Capital Partners LLC purchased a new position in shares of Starwood Property Trust in the fourth quarter valued at approximately $377,000. PNC Financial Services Group Inc. lifted its position in shares of Starwood Property Trust by 78.1% in the fourth quarter. PNC Financial Services Group Inc. now owns 22,979 shares of the real estate investment trust’s stock valued at $435,000 after acquiring an additional 10,080 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Starwood Property Trust by 2.4% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 64,899 shares of the real estate investment trust’s stock valued at $1,230,000 after acquiring an additional 1,531 shares in the last quarter. Swiss National Bank lifted its position in shares of Starwood Property Trust by 6.7% in the fourth quarter. Swiss National Bank now owns 624,665 shares of the real estate investment trust’s stock valued at $11,837,000 after acquiring an additional 39,200 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of Starwood Property Trust by 935.0% in the fourth quarter. Natixis Advisors LLC now owns 186,967 shares of the real estate investment trust’s stock valued at $3,543,000 after acquiring an additional 168,903 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

STWD has been the subject of several recent research reports. UBS Group reaffirmed a “neutral” rating and issued a $19.50 price target (up previously from $19.00) on shares of Starwood Property Trust in a report on Wednesday, May 21st. JPMorgan Chase & Co. increased their price target on Starwood Property Trust from $19.00 to $19.50 and gave the company an “overweight” rating in a report on Monday, May 12th. Finally, Keefe, Bruyette & Woods raised their target price on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $22.00.

Starwood Property Trust Trading Down 0.0%

Shares of NYSE STWD opened at $20.89 on Tuesday. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.17. The company has a current ratio of 1.74, a quick ratio of 1.74 and a debt-to-equity ratio of 2.73. The stock has a fifty day simple moving average of $20.04 and a 200-day simple moving average of $19.57. The stock has a market capitalization of $7.09 billion, a PE ratio of 21.98 and a beta of 1.24.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Starwood Property Trust had a net margin of 17.26% and a return on equity of 8.87%. The firm had revenue of $418.18 million during the quarter, compared to analyst estimates of $469.00 million. During the same period in the previous year, the firm posted $0.59 earnings per share. On average, equities analysts forecast that Starwood Property Trust, Inc. will post 1.88 earnings per share 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. Investors of record on Wednesday, July 30th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Monday, June 30th. This represents a $1.92 dividend on an annualized basis and a yield of 9.19%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 202.11%.

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.