MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Grows Stake in Starwood Property Trust, Inc. (NYSE:STWD)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 6.0% during the 4th quarter, HoldingsChannel reports. The firm owned 956,368 shares of the real estate investment trust’s stock after buying an additional 54,534 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Starwood Property Trust were worth $18,123,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Albion Financial Group UT purchased a new position in shares of Starwood Property Trust in the 4th quarter valued at $28,000. Brooklyn Investment Group increased its holdings in shares of Starwood Property Trust by 86.1% in the 4th quarter. Brooklyn Investment Group now owns 1,578 shares of the real estate investment trust’s stock valued at $30,000 after acquiring an additional 730 shares during the period. Quarry LP purchased a new position in shares of Starwood Property Trust in the 4th quarter valued at $31,000. UMB Bank n.a. increased its holdings in shares of Starwood Property Trust by 69.7% in the 4th quarter. UMB Bank n.a. now owns 1,746 shares of the real estate investment trust’s stock valued at $33,000 after acquiring an additional 717 shares during the period. Finally, Smartleaf Asset Management LLC increased its holdings in shares of Starwood Property Trust by 83.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,881 shares of the real estate investment trust’s stock valued at $36,000 after acquiring an additional 854 shares during the period. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

STWD has been the topic of a number of analyst reports. UBS Group cut their price target on Starwood Property Trust from $19.50 to $19.00 and set a “neutral” rating on the stock in a report on Wednesday, April 16th. Keefe, Bruyette & Woods dropped their price target on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Monday, April 7th. Finally, JPMorgan Chase & Co. boosted their price objective on Starwood Property Trust from $19.00 to $19.50 and gave the company an “overweight” rating in a report on Monday. Two 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 company. According to data from MarketBeat, Starwood Property Trust currently has a consensus rating of “Moderate Buy” and an average target price of $21.93.

Starwood Property Trust Stock Up 0.6%

Shares of NYSE STWD opened at $20.15 on Friday. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.17. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61. The stock has a market cap of $6.81 billion, a P/E ratio of 17.22 and a beta of 1.26. The business’s fifty day simple moving average is $19.16 and its 200-day simple moving average is $19.47.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Friday, May 9th. The real estate investment trust reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). Starwood Property Trust had a return on equity of 9.93% and a net margin of 18.82%. The firm had revenue of $418.18 million for the quarter, compared to analyst estimates of $469.00 million. During the same quarter last year, the firm posted $0.59 EPS. As a group, equities analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 15th. Shareholders of record on Monday, March 31st were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.53%. The ex-dividend date of this dividend was Monday, March 31st. Starwood Property Trust’s dividend payout ratio is presently 202.11%.

Starwood Property Trust 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.