Public Employees Retirement System of Ohio Buys 723 Shares of Starwood Property Trust, Inc. $STWD

Public Employees Retirement System of Ohio increased its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 0.7% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 106,162 shares of the real estate investment trust’s stock after purchasing an additional 723 shares during the period. Public Employees Retirement System of Ohio’s holdings in Starwood Property Trust were worth $2,131,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of STWD. Alpine Bank Wealth Management purchased a new stake in shares of Starwood Property Trust during the first quarter valued at approximately $25,000. Meeder Asset Management Inc. bought a new position in shares of Starwood Property Trust during the first quarter valued at $25,000. PSI Advisors LLC bought a new position in shares of Starwood Property Trust during the first quarter valued at $28,000. SVB Wealth LLC bought a new stake in Starwood Property Trust in the 1st quarter worth about $30,000. Finally, Smallwood Wealth Investment Management LLC bought a new stake in Starwood Property Trust in the 1st quarter worth about $40,000. 49.82% of the stock is currently owned by institutional investors.

Starwood Property Trust Price Performance

Shares of STWD stock opened at $19.44 on Friday. 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 market capitalization of $7.14 billion, a price-to-earnings ratio of 17.83 and a beta of 1.29. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.05. The stock has a fifty day simple moving average of $20.02 and a two-hundred day simple moving average of $19.78.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, topping 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 firm had revenue of $444.28 million during the quarter, compared to analysts’ expectations of $477.00 million. During the same period in the prior year, the business posted $0.48 EPS. The firm’s quarterly revenue was down 9.3% on a year-over-year basis. On average, 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. Stockholders of record on Tuesday, September 30th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.9%. Starwood Property Trust’s dividend payout ratio is currently 176.15%.

Analysts Set New Price Targets

STWD has been the topic of several research reports. 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 report on Thursday, July 10th. Zacks Research downgraded Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday. UBS Group lifted their price objective 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 raised Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, August 9th. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $21.13.

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.