Maryland State Retirement & Pension System Has $289,000 Stake in Starwood Property Trust, Inc. $STWD

Maryland State Retirement & Pension System trimmed its position in Starwood Property Trust, Inc. (NYSE:STWD) by 13.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,623 shares of the real estate investment trust’s stock after selling 2,306 shares during the quarter. Maryland State Retirement & Pension System’s holdings in Starwood Property Trust were worth $289,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Northern Trust Corp raised its stake in Starwood Property Trust by 16.2% during the fourth quarter. Northern Trust Corp now owns 5,287,030 shares of the real estate investment trust’s stock worth $100,189,000 after acquiring an additional 736,699 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Starwood Property Trust by 1.9% during the first quarter. Charles Schwab Investment Management Inc. now owns 2,194,942 shares of the real estate investment trust’s stock worth $43,394,000 after acquiring an additional 41,845 shares in the last quarter. Adage Capital Partners GP L.L.C. raised its stake in Starwood Property Trust by 17.8% during the fourth quarter. Adage Capital Partners GP L.L.C. now owns 1,648,904 shares of the real estate investment trust’s stock worth $31,247,000 after acquiring an additional 248,904 shares in the last quarter. Leeward Investments LLC MA raised its stake in Starwood Property Trust by 1.2% during the first quarter. Leeward Investments LLC MA now owns 1,324,081 shares of the real estate investment trust’s stock worth $26,177,000 after acquiring an additional 15,874 shares in the last quarter. Finally, Valley Wealth Managers Inc. raised its stake in Starwood Property Trust by 6.6% during the first quarter. Valley Wealth Managers Inc. now owns 1,052,023 shares of the real estate investment trust’s stock worth $20,798,000 after acquiring an additional 65,370 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Stock Performance

Shares of NYSE:STWD opened at $19.86 on Tuesday. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.17. The firm has a market cap of $7.29 billion, a PE ratio of 18.22 and a beta of 1.26. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.61 and a current ratio of 1.61. The business has a fifty day moving average of $20.13 and a 200-day moving average of $19.71.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The firm had revenue of $444.28 million during the quarter, compared to analyst estimates of $477.00 million. Starwood Property Trust had a return on equity of 8.72% and a net margin of 20.58%. The company’s revenue was down 9.3% on a year-over-year basis. During the same period last year, the company earned $0.48 earnings per share. On average, equities research analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Investors of record on Tuesday, September 30th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.7%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 176.15%.

Wall Street Analyst Weigh In

Several research firms have issued reports on STWD. Wall Street Zen upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Keefe, Bruyette & Woods raised their target price on Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research note on Thursday, July 10th. JPMorgan Chase & Co. raised their target price on Starwood Property Trust from $19.00 to $19.50 and gave the company an “overweight” rating in a research note on Monday, May 12th. Finally, UBS Group raised their target price on Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research note on Tuesday, July 15th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $21.70.

About Starwood Property Trust

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.