Adams Asset Advisors LLC Acquires 31,821 Shares of Starwood Property Trust, Inc. $STWD

Adams Asset Advisors LLC raised its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 97.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 64,530 shares of the real estate investment trust’s stock after buying an additional 31,821 shares during the quarter. Adams Asset Advisors LLC’s holdings in Starwood Property Trust were worth $1,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Evolution Wealth Management Inc. purchased a new position in shares of Starwood Property Trust during the second quarter valued at about $25,000. MassMutual Private Wealth & Trust FSB increased its holdings in shares of Starwood Property Trust by 106.1% in the fourth quarter. MassMutual Private Wealth & Trust FSB now owns 1,449 shares of the real estate investment trust’s stock worth $26,000 after purchasing an additional 746 shares during the last quarter. Cloud Capital Management LLC purchased a new stake in shares of Starwood Property Trust in the third quarter worth about $29,000. Jackson Grant Investment Advisers Inc. purchased a new stake in shares of Starwood Property Trust in the third quarter worth about $29,000. Finally, FNY Investment Advisers LLC bought a new position in Starwood Property Trust during the third quarter valued at approximately $30,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Analyst Upgrades and Downgrades

STWD has been the topic of a number of recent research reports. Keefe, Bruyette & Woods decreased their price target on shares of Starwood Property Trust from $20.50 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a report on Wednesday, January 21st. Bank of America restated a “neutral” rating and set a $19.00 price objective on shares of Starwood Property Trust in a research report on Friday, March 6th. Zacks Research upgraded Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Finally, Wells Fargo & Company cut their target price on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Three analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price of $19.90.

Starwood Property Trust Stock Up 0.0%

NYSE:STWD opened at $17.05 on Monday. The company has a market cap of $6.32 billion, a price-to-earnings ratio of 14.69, a price-to-earnings-growth ratio of 2.27 and a beta of 1.10. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.05. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 3.10. The stock has a fifty day simple moving average of $17.93 and a 200-day simple moving average of $18.39.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.01. Starwood Property Trust had a net margin of 22.32% and a return on equity of 8.16%. The company had revenue of $492.95 million during the quarter, compared to analysts’ expectations of $469.53 million. During the same period in the previous year, the company earned $0.48 EPS. The firm’s quarterly revenue was up 8.5% on a year-over-year basis. Analysts anticipate that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be issued a $0.48 dividend. The ex-dividend date is Tuesday, March 31st. This represents a $1.92 annualized dividend and a dividend yield of 11.3%. Starwood Property Trust’s payout ratio is currently 165.52%.

Starwood Property Trust announced that its Board of Directors has initiated a stock repurchase plan on Thursday, February 26th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the real estate investment trust to reacquire up to 6.1% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s management believes its shares are undervalued.

About Starwood Property Trust

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.