Strs Ohio Invests $2.38 Million in Starwood Property Trust, Inc. $STWD

Strs Ohio bought a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund bought 120,185 shares of the real estate investment trust’s stock, valued at approximately $2,376,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. World Investment Advisors increased its holdings in Starwood Property Trust by 4.8% in the first quarter. World Investment Advisors now owns 11,646 shares of the real estate investment trust’s stock valued at $230,000 after purchasing an additional 530 shares during the last quarter. Carnegie Investment Counsel increased its holdings in Starwood Property Trust by 2.7% in the first quarter. Carnegie Investment Counsel now owns 21,225 shares of the real estate investment trust’s stock valued at $420,000 after purchasing an additional 550 shares during the last quarter. Kestra Investment Management LLC increased its holdings in Starwood Property Trust by 0.4% in the first quarter. Kestra Investment Management LLC now owns 141,171 shares of the real estate investment trust’s stock valued at $2,791,000 after purchasing an additional 550 shares during the last quarter. Carnegie Lake Advisors LLC increased its holdings in Starwood Property Trust by 0.8% in the first quarter. Carnegie Lake Advisors LLC now owns 75,869 shares of the real estate investment trust’s stock valued at $1,500,000 after purchasing an additional 600 shares during the last quarter. Finally, Spire Wealth Management increased its holdings in Starwood Property Trust by 5.9% in the first quarter. Spire Wealth Management now owns 11,116 shares of the real estate investment trust’s stock valued at $220,000 after purchasing an additional 616 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. Wall Street Zen upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. UBS Group increased their price target on Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Tuesday, July 15th. Finally, Keefe, Bruyette & Woods increased their price target on Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a report on Thursday, July 10th. Four investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $21.70.

Starwood Property Trust Stock Performance

NYSE:STWD opened at $20.34 on Tuesday. The stock has a market cap of $7.47 billion, a P/E ratio of 18.66 and a beta of 1.28. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.90. The stock has a 50 day simple moving average of $20.12 and a 200 day simple moving average of $19.78. Starwood Property Trust, Inc. has a 1-year low of $16.59 and a 1-year high of $21.17.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.02. The company had revenue of $444.28 million for 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 for the quarter was down 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $0.48 EPS. Research analysts anticipate that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be issued a dividend of $0.48 per share. The ex-dividend date is Tuesday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 9.4%. Starwood Property Trust’s payout ratio is currently 176.15%.

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.