SkyOak Wealth LLC Buys 31,415 Shares of Starwood Property Trust, Inc. $STWD

SkyOak Wealth LLC increased its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 11.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 313,143 shares of the real estate investment trust’s stock after purchasing an additional 31,415 shares during the quarter. SkyOak Wealth LLC owned 0.08% of Starwood Property Trust worth $5,640,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. boosted its holdings in Starwood Property Trust by 7.1% during the 3rd quarter. Vanguard Group Inc. now owns 32,976,364 shares of the real estate investment trust’s stock valued at $638,752,000 after acquiring an additional 2,193,085 shares during the period. Argosy Lionbridge Management LLC boosted its holdings in Starwood Property Trust by 286.1% during the 3rd quarter. Argosy Lionbridge Management LLC now owns 102,566 shares of the real estate investment trust’s stock valued at $1,987,000 after acquiring an additional 76,000 shares during the period. GraniteShares Advisors LLC purchased a new position in Starwood Property Trust during the 4th quarter valued at $2,617,000. Envestnet Asset Management Inc. boosted its holdings in Starwood Property Trust by 19.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 589,169 shares of the real estate investment trust’s stock valued at $11,412,000 after acquiring an additional 96,484 shares during the period. Finally, Blair William & Co. IL boosted its holdings in Starwood Property Trust by 36.6% during the 3rd quarter. Blair William & Co. IL now owns 647,024 shares of the real estate investment trust’s stock valued at $12,533,000 after acquiring an additional 173,462 shares during the period. Institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on STWD shares. JPMorgan Chase & Co. dropped their price objective on Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Wells Fargo & Company reduced their price target on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research report on Thursday, February 26th. Weiss Ratings lowered Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research report on Monday. Keefe, Bruyette & Woods reduced their target price on Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating on the stock in a research report on Wednesday. Finally, Bank of America reissued a “neutral” rating and issued a $19.00 price objective on shares of Starwood Property Trust in a report on Friday, March 6th. Three equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat, Starwood Property Trust presently has a consensus rating of “Hold” and a consensus target price of $19.70.

Starwood Property Trust Stock Up 0.3%

Shares of STWD opened at $17.17 on Friday. Starwood Property Trust, Inc. has a 52 week low of $16.90 and a 52 week high of $21.05. The company has a quick ratio of 1.68, a current ratio of 1.57 and a debt-to-equity ratio of 3.31. The company has a market capitalization of $6.36 billion, a price-to-earnings ratio of 17.88, a PEG ratio of 2.23 and a beta of 1.02. The stock’s 50-day moving average price is $17.73 and its 200-day moving average price is $18.03.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Friday, May 8th. The real estate investment trust reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Starwood Property Trust had a return on equity of 7.91% and a net margin of 18.11%.The company had revenue of $205.55 million during the quarter, compared to analysts’ expectations of $496.25 million. During the same quarter in the previous year, the company earned $0.45 EPS. The firm’s quarterly revenue was up 22.5% compared to the same quarter last year. On average, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.69 EPS for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 15th. Shareholders of record on Tuesday, March 31st were given a dividend of $0.48 per share. The ex-dividend date was Tuesday, March 31st. This represents a $1.92 dividend on an annualized basis and a yield of 11.2%. Starwood Property Trust’s dividend payout ratio is currently 200.00%.

Starwood Property Trust declared that its Board of Directors has initiated a share repurchase program on Thursday, February 26th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the real estate investment trust to reacquire up to 6.1% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Insider Transactions at Starwood Property Trust

In other Starwood Property Trust news, Director Jeffrey G. Dishner sold 7,013 shares of the stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $17.13, for a total transaction of $120,132.69. Following the transaction, the director owned 168,152 shares in the company, valued at approximately $2,880,443.76. This represents a 4.00% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 5.80% of the company’s stock.

Starwood Property Trust Company Profile

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.