Schwab Charles Investment Management Inc. increased its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 8.3% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 1,098,663 shares of the real estate investment trust’s stock after purchasing an additional 83,981 shares during the period. Schwab Charles Investment Management Inc. owned 0.42% of Starwood Property Trust worth $23,457,000 as of its most recent filing with the SEC.
A number of other institutional investors have also bought and sold shares of the stock. Tortoise Investment Management LLC acquired a new position in Starwood Property Trust during the third quarter valued at approximately $215,000. The Manufacturers Life Insurance Company increased its holdings in Starwood Property Trust by 17.4% in the second quarter. The Manufacturers Life Insurance Company now owns 10,738 shares of the real estate investment trust’s stock valued at $241,000 after purchasing an additional 1,593 shares during the period. Intl Fcstone Inc. acquired a new stake in Starwood Property Trust in the second quarter valued at $252,000. ACG Wealth bought a new stake in Starwood Property Trust during the third quarter valued at $300,000. Finally, KCS Wealth Advisory bought a new stake in Starwood Property Trust during the fourth quarter valued at $326,000. Institutional investors and hedge funds own 70.65% of the company’s stock.
A number of equities research analysts recently weighed in on the stock. Zacks Investment Research upgraded shares of Starwood Property Trust from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a report on Wednesday, November 15th. B. Riley restated a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a research note on Tuesday, November 21st. Finally, ValuEngine upgraded shares of Starwood Property Trust from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. Two research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $24.00.
Shares of Starwood Property Trust, Inc. (NYSE:STWD) traded up $0.23 during trading hours on Monday, reaching $21.20. 2,485,179 shares of the company’s stock traded hands, compared to its average volume of 2,810,000. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.52 and a current ratio of 2.52. Starwood Property Trust, Inc. has a 1 year low of $19.47 and a 1 year high of $23.01. The company has a market cap of $5,530.00, a P/E ratio of 13.68, a price-to-earnings-growth ratio of 2.03 and a beta of 0.21.
Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Wednesday, February 28th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. The company had revenue of $242.80 million during the quarter, compared to the consensus estimate of $236.60 million. Starwood Property Trust had a net margin of 45.55% and a return on equity of 12.57%. The firm’s revenue was up 31.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.53 EPS. sell-side analysts forecast that Starwood Property Trust, Inc. will post 2.07 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 13th. Shareholders of record on Friday, March 30th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.06%. The ex-dividend date is Wednesday, March 28th. Starwood Property Trust’s payout ratio is 123.87%.
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About Starwood Property Trust
Starwood Property Trust, Inc is a real estate investment trust. The Company operates through three business segments: Real estate lending (the Lending Segment), which engages primarily in originating, acquiring, financing and managing commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, and other real estate and real estate-related debt investments; Real estate investing and servicing (the Investing and Servicing Segment), which includes a servicing business in the United States that manages and works out problem assets; an investment business that selectively acquires and manages unrated, investment grade and non-investment grade rated CMBS, and a mortgage loan business, and Real estate property (the Property Segment), which engages primarily in acquiring and managing equity interests in stabilized commercial real estate properties.
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