Twin Lakes Capital Management LLC Boosts Stake in Starwood Property Trust, Inc. (NYSE:STWD)

Twin Lakes Capital Management LLC raised its position in Starwood Property Trust, Inc. (NYSE:STWD) by 1.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 170,303 shares of the real estate investment trust’s stock after purchasing an additional 2,209 shares during the quarter. Starwood Property Trust accounts for approximately 2.4% of Twin Lakes Capital Management LLC’s holdings, making the stock its 11th biggest holding. Twin Lakes Capital Management LLC’s holdings in Starwood Property Trust were worth $4,157,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. State Street Corp increased its position in shares of Starwood Property Trust by 18.9% during the second quarter. State Street Corp now owns 4,435,228 shares of the real estate investment trust’s stock worth $118,187,000 after acquiring an additional 704,816 shares during the period. Vanguard Group Inc. increased its position in shares of Starwood Property Trust by 2.4% during the second quarter. Vanguard Group Inc. now owns 24,713,519 shares of the real estate investment trust’s stock worth $646,753,000 after acquiring an additional 589,641 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of Starwood Property Trust during the second quarter worth approximately $13,749,000. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Starwood Property Trust by 73.7% during the second quarter. Connor Clark & Lunn Investment Management Ltd. now owns 1,027,591 shares of the real estate investment trust’s stock worth $26,892,000 after acquiring an additional 436,076 shares during the period. Finally, Massachusetts Financial Services Co. MA increased its position in shares of Starwood Property Trust by 54.1% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,146,027 shares of the real estate investment trust’s stock worth $29,992,000 after acquiring an additional 402,415 shares during the period. 46.41% of the stock is currently owned by institutional investors.

STWD has been the topic of a number of research reports. Raymond James raised their target price on shares of Starwood Property Trust from $30.00 to $32.00 and gave the stock an “outperform” rating in a research report on Thursday, November 11th. JMP Securities increased their price objective on shares of Starwood Property Trust from $17.00 to $28.00 and gave the company an “outperform” rating in a research note on Wednesday, August 4th. Finally, Zacks Investment Research upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Thursday, October 7th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $28.33.

NYSE STWD opened at $25.67 on Friday. The company has a debt-to-equity ratio of 3.27, a quick ratio of 2.60 and a current ratio of 2.34. The firm’s 50 day moving average price is $25.54 and its 200-day moving average price is $25.62. Starwood Property Trust, Inc. has a 52-week low of $17.81 and a 52-week high of $27.00. The company has a market cap of $7.41 billion, a PE ratio of 16.14 and a beta of 1.61.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Tuesday, November 9th. The real estate investment trust reported $0.52 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The company had revenue of $302.29 million during the quarter, compared to the consensus estimate of $307.76 million. Starwood Property Trust had a net margin of 39.56% and a return on equity of 11.63%. Starwood Property Trust’s revenue was up 13.0% compared to the same quarter last year. During the same period last year, the firm earned $0.48 earnings per share. On average, analysts forecast that Starwood Property Trust, Inc. will post 1.93 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 15th. Shareholders of record on Thursday, September 30th were paid a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, September 29th. This represents a $1.92 annualized dividend and a yield of 7.48%. Starwood Property Trust’s dividend payout ratio (DPR) is 120.75%.

Starwood Property Trust Company Profile

Starwood Property Trust, Inc engages in originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. It operates through the following segments: Real Estate Commercial and Residential Lending, Real Estate Property, Infrastructure Lending and Real Estate Investing and Servicing.

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Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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