Park Avenue Securities LLC Has $325,000 Stock Holdings in Starwood Property Trust, Inc. $STWD

Park Avenue Securities LLC increased its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 49.3% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,214 shares of the real estate investment trust’s stock after purchasing an additional 5,356 shares during the quarter. Park Avenue Securities LLC’s holdings in Starwood Property Trust were worth $325,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Farther Finance Advisors LLC increased its position in Starwood Property Trust by 24.7% during the 2nd quarter. Farther Finance Advisors LLC now owns 45,989 shares of the real estate investment trust’s stock worth $923,000 after purchasing an additional 9,098 shares in the last quarter. Kingstone Capital Partners Texas LLC acquired a new position in Starwood Property Trust in the 2nd quarter valued at approximately $765,811,000. Longboard Asset Management LP acquired a new position in Starwood Property Trust in the 2nd quarter valued at approximately $348,000. Seneca House Advisors increased its position in Starwood Property Trust by 11.9% in the 2nd quarter. Seneca House Advisors now owns 534,176 shares of the real estate investment trust’s stock valued at $10,721,000 after acquiring an additional 56,715 shares during the period. Finally, Red Spruce Capital LLC increased its position in Starwood Property Trust by 3.0% in the 2nd quarter. Red Spruce Capital LLC now owns 33,472 shares of the real estate investment trust’s stock valued at $672,000 after acquiring an additional 976 shares during the period. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have issued reports on STWD. UBS Group upped their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research report on Tuesday, July 15th. Keefe, Bruyette & Woods upped their price target on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a research report on Thursday, July 10th. Finally, Wall Street Zen upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Three research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $21.13.

Starwood Property Trust Trading Down 2.7%

NYSE:STWD opened at $19.37 on Wednesday. The firm’s fifty day moving average is $20.03 and its 200-day moving average is $19.78. The company has a debt-to-equity ratio of 2.90, a quick ratio of 1.61 and a current ratio of 1.61. Starwood Property Trust, Inc. has a 52 week low of $16.59 and a 52 week high of $21.05. The firm has a market cap of $7.11 billion, a P/E ratio of 17.77 and a beta of 1.28.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.41 by $0.02. The business had revenue of $444.28 million for the quarter, compared to analyst estimates of $477.00 million. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. Starwood Property Trust’s revenue was down 9.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.48 earnings per share. Equities analysts expect 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 Wednesday, October 15th. Investors of record on Tuesday, September 30th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 annualized dividend and a yield of 9.9%. Starwood Property Trust’s dividend 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.