Boston Partners Takes $9.64 Million Position in Starwood Property Trust, Inc. (NYSE:STWD)

Boston Partners bought a new stake in Starwood Property Trust, Inc. (NYSE:STWD) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 491,544 shares of the real estate investment trust’s stock, valued at approximately $9,643,000. Boston Partners owned approximately 0.15% of Starwood Property Trust as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in STWD. Alpine Bank Wealth Management purchased a new stake in shares of Starwood Property Trust in the first quarter valued at about $25,000. Meeder Asset Management Inc. purchased a new stake in shares of Starwood Property Trust in the first quarter valued at about $25,000. PSI Advisors LLC purchased a new stake in shares of Starwood Property Trust in the first quarter valued at about $28,000. Quarry LP purchased a new stake in shares of Starwood Property Trust in the fourth quarter valued at about $31,000. Finally, Smallwood Wealth Investment Management LLC purchased a new stake in shares of Starwood Property Trust in the first quarter valued at about $40,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of STWD opened at $19.87 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.90. The stock has a market cap of $7.30 billion, a P/E ratio of 18.23 and a beta of 1.26. The company has a 50-day moving average of $20.14 and a two-hundred day moving average of $19.70. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.17.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.41 by $0.02. The company had revenue of $444.28 million during the quarter, compared to analysts’ expectations of $477.00 million. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The firm’s quarterly revenue was down 9.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.48 earnings per share. As a group, research analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 15th. Stockholders of record on Tuesday, September 30th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.7%. The ex-dividend date of this dividend is Tuesday, September 30th. Starwood Property Trust’s payout ratio is currently 176.15%.

Analysts Set New Price Targets

Several analysts have recently weighed in on STWD shares. Keefe, Bruyette & Woods lifted their target price on shares of Starwood Property Trust from $21.00 to $22.00 and gave the company an “outperform” rating in a report on Thursday, July 10th. JPMorgan Chase & Co. boosted their price objective on shares of Starwood Property Trust from $19.00 to $19.50 and gave the stock an “overweight” rating in a report on Monday, May 12th. UBS Group boosted 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 Tuesday, July 15th. Finally, Wall Street Zen raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a report on Saturday, August 9th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $21.70.

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.