Starwood Property Trust, Inc. (NYSE:STWD) Shares Purchased by Golden State Equity Partners

Golden State Equity Partners increased its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 23.4% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 34,187 shares of the real estate investment trust’s stock after acquiring an additional 6,479 shares during the period. Golden State Equity Partners’ holdings in Starwood Property Trust were worth $676,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Vanguard Group Inc. grew its position in shares of Starwood Property Trust by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 30,943,260 shares of the real estate investment trust’s stock valued at $586,375,000 after acquiring an additional 377,939 shares during the period. Northern Trust Corp boosted its holdings in Starwood Property Trust by 16.2% in the 4th quarter. Northern Trust Corp now owns 5,287,030 shares of the real estate investment trust’s stock worth $100,189,000 after buying an additional 736,699 shares during the last quarter. Norges Bank purchased a new stake in Starwood Property Trust during the 4th quarter worth approximately $63,044,000. Bank of New York Mellon Corp increased its stake in Starwood Property Trust by 0.4% during the 4th quarter. Bank of New York Mellon Corp now owns 2,669,827 shares of the real estate investment trust’s stock worth $50,593,000 after buying an additional 10,979 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new stake in Starwood Property Trust during the 4th quarter worth approximately $48,841,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on STWD. UBS Group reiterated a “neutral” rating and set a $19.50 price objective (up from $19.00) on shares of Starwood Property Trust in a research note on Wednesday, May 21st. JPMorgan Chase & Co. boosted their price objective on Starwood Property Trust from $19.00 to $19.50 and gave the stock an “overweight” rating in a research note on Monday, May 12th. Finally, Keefe, Bruyette & Woods cut their price objective on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Monday, April 7th. One investment analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.83.

Starwood Property Trust Trading Down 0.1%

Shares of Starwood Property Trust stock opened at $20.25 on Thursday. The stock has a market cap of $6.87 billion, a P/E ratio of 21.31 and a beta of 1.25. The stock’s 50 day simple moving average is $19.62 and its 200-day simple moving average is $19.50. Starwood Property Trust, Inc. has a 1-year low of $16.59 and a 1-year high of $21.17. The company has a debt-to-equity ratio of 2.73, a current ratio of 1.74 and a quick ratio of 1.74.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Friday, May 9th. The real estate investment trust reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). Starwood Property Trust had a return on equity of 8.87% and a net margin of 17.26%. The company had revenue of $418.18 million for the quarter, compared to analyst estimates of $469.00 million. During the same quarter in the prior year, the firm earned $0.59 earnings per share. 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 will be paid on Tuesday, July 15th. Investors of record on Wednesday, July 30th will be issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.48%. The ex-dividend date of this dividend is Monday, June 30th. Starwood Property Trust’s dividend payout ratio is presently 202.11%.

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.