Exchange Traded Concepts LLC Purchases New Shares in Starwood Property Trust, Inc. $STWD

Exchange Traded Concepts LLC acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 39,190 shares of the real estate investment trust’s stock, valued at approximately $759,000.

Other large investors have also recently added to or reduced their stakes in the company. Kingstone Capital Partners Texas LLC bought a new stake in shares of Starwood Property Trust in the second quarter valued at about $765,811,000. DLD Asset Management LP bought a new stake in Starwood Property Trust in the 2nd quarter valued at about $692,415,000. Norges Bank acquired a new position in shares of Starwood Property Trust during the 2nd quarter worth approximately $71,492,000. Advisors Capital Management LLC grew its position in shares of Starwood Property Trust by 1.9% during the 2nd quarter. Advisors Capital Management LLC now owns 1,382,338 shares of the real estate investment trust’s stock worth $27,744,000 after purchasing an additional 25,624 shares in the last quarter. Finally, Boston Partners increased its holdings in shares of Starwood Property Trust by 124.4% during the second quarter. Boston Partners now owns 1,102,847 shares of the real estate investment trust’s stock worth $22,060,000 after purchasing an additional 611,303 shares during the period. Institutional investors own 49.82% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on STWD. Keefe, Bruyette & Woods cut their price target on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Zacks Research downgraded Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, October 29th. Wells Fargo & Company decreased their price target on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starwood Property Trust in a research note on Wednesday, October 8th. Three analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.63.

Starwood Property Trust Price Performance

Starwood Property Trust stock opened at $18.47 on Tuesday. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.33 and a current ratio of 1.33. Starwood Property Trust, Inc. has a 52 week low of $16.59 and a 52 week high of $21.05. The stock has a market capitalization of $6.84 billion, a P/E ratio of 17.59 and a beta of 1.14. The stock has a fifty day moving average of $18.27 and a 200-day moving average of $19.36.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Monday, November 10th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.04). The business had revenue of $247.87 million during the quarter, compared to analyst estimates of $479.70 million. Starwood Property Trust had a net margin of 20.28% and a return on equity of 8.41%. The business’s quarterly revenue was up 1.9% compared to the same quarter last year. During the same period last year, the business earned $0.48 earnings per share. On average, sell-side analysts expect that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, December 31st. This represents a $1.92 annualized dividend and a yield of 10.4%. Starwood Property Trust’s dividend payout ratio is presently 182.86%.

Starwood Property Trust Company Profile

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.