Northwestern Mutual Wealth Management Co. Purchases 3,516 Shares of Starwood Property Trust, Inc. $STWD

Northwestern Mutual Wealth Management Co. increased its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 1,650.7% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 3,729 shares of the real estate investment trust’s stock after acquiring an additional 3,516 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Starwood Property Trust were worth $74,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also bought and sold shares of the company. Focus Partners Wealth lifted its stake in shares of Starwood Property Trust by 305.4% in the 4th quarter. Focus Partners Wealth now owns 670,093 shares of the real estate investment trust’s stock valued at $12,699,000 after purchasing an additional 504,812 shares during the period. Boston Partners bought a new stake in Starwood Property Trust in the first quarter worth $9,643,000. HighTower Advisors LLC boosted its holdings in Starwood Property Trust by 10.7% in the first quarter. HighTower Advisors LLC now owns 1,993,652 shares of the real estate investment trust’s stock worth $39,414,000 after acquiring an additional 193,417 shares in the last quarter. Northern Trust Corp boosted its holdings in Starwood Property Trust by 3.6% in the first quarter. Northern Trust Corp now owns 5,479,313 shares of the real estate investment trust’s stock worth $108,326,000 after acquiring an additional 192,283 shares in the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in Starwood Property Trust by 16.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 1,039,229 shares of the real estate investment trust’s stock worth $19,693,000 after acquiring an additional 147,495 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Stock Performance

NYSE STWD opened at $20.58 on Friday. The firm has a market cap of $7.56 billion, a price-to-earnings ratio of 18.88 and a beta of 1.28. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 2.90. The business has a 50-day moving average price of $20.12 and a 200-day moving average price of $19.76. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.17.

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

Starwood Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.3%. The ex-dividend date is Tuesday, September 30th. Starwood Property Trust’s dividend payout ratio (DPR) is presently 176.15%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their price target on Starwood Property Trust from $19.00 to $19.50 and gave the stock an “overweight” rating in a research note on Monday, May 12th. Keefe, Bruyette & Woods boosted their price target 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. UBS Group boosted their price target on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Finally, Wall Street Zen upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $21.70.

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.