Grange Capital LLC Purchases Shares of 254,678 Starwood Property Trust, Inc. (NYSE:STWD)

Grange Capital LLC purchased a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) in the 4th quarter, HoldingsChannel reports. The firm purchased 254,678 shares of the real estate investment trust’s stock, valued at approximately $4,826,000. Starwood Property Trust makes up 5.1% of Grange Capital LLC’s portfolio, making the stock its 5th largest holding.

Other institutional investors have also added to or reduced their stakes in the company. Albion Financial Group UT purchased a new stake in shares of Starwood Property Trust during the fourth quarter worth about $28,000. Brooklyn Investment Group boosted its holdings in shares of Starwood Property Trust by 86.1% during the fourth quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock worth $30,000 after purchasing an additional 730 shares during the period. Future Financial Wealth Managment LLC purchased a new stake in shares of Starwood Property Trust during the third quarter worth about $34,000. UMB Bank n.a. lifted its holdings in Starwood Property Trust by 69.7% in the fourth quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock worth $33,000 after buying an additional 717 shares during the period. Finally, Quarry LP purchased a new stake in Starwood Property Trust in the second quarter worth about $36,000. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on STWD. Keefe, Bruyette & Woods lowered their price objective on shares of Starwood Property Trust from $22.50 to $22.00 and set an “outperform” rating for the company in a report on Tuesday, January 14th. UBS Group raised their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a report on Friday, November 15th. JMP Securities lowered their price objective on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating for the company in a report on Thursday, November 7th. Finally, JPMorgan Chase & Co. lowered their price objective on shares of Starwood Property Trust from $20.00 to $19.50 and set an “overweight” rating for the company in a report on Tuesday. Three research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $22.13.

Starwood Property Trust Price Performance

Shares of NYSE STWD opened at $19.19 on Friday. Starwood Property Trust, Inc. has a fifty-two week low of $18.12 and a fifty-two week high of $21.19. The company has a 50 day simple moving average of $19.55 and a two-hundred day simple moving average of $19.82. The company has a market capitalization of $6.47 billion, a price-to-earnings ratio of 16.40 and a beta of 1.69. The company has a debt-to-equity ratio of 2.61, a quick ratio of 1.79 and a current ratio of 1.79.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.43 by $0.05. The company had revenue of $479.50 million during the quarter, compared to the consensus estimate of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The firm’s quarterly revenue was down 8.1% compared to the same quarter last year. During the same quarter last year, the firm earned $0.46 earnings per share. Analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, January 15th. Investors of record on Tuesday, December 31st were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.01%. The ex-dividend date of this dividend was Tuesday, December 31st. Starwood Property Trust’s dividend payout ratio (DPR) is currently 164.10%.

Starwood Property Trust Company Profile

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.