Starwood Property Trust, Inc. $STWD Shares Bought by Lake Street Private Wealth LLC

Lake Street Private Wealth LLC raised its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 33.3% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 196,150 shares of the real estate investment trust’s stock after purchasing an additional 48,975 shares during the period. Lake Street Private Wealth LLC owned 0.05% of Starwood Property Trust worth $2,648,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Quantum Portfolio Management LLC lifted its position in shares of Starwood Property Trust by 882,760.9% during the first quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust’s stock worth $1,931,676,000 after purchasing an additional 112,163,596 shares during the last quarter. BlackRock Inc. acquired a new position in Starwood Property Trust in the second quarter worth about $589,366,000. Advisors Capital Management LLC acquired a new position in Starwood Property Trust in the second quarter worth about $70,121,000. Bank of New York Mellon Corp bought a new stake in Starwood Property Trust in the second quarter valued at about $38,498,000. Finally, Bank of America Corp DE bought a new stake in Starwood Property Trust in the second quarter valued at about $19,537,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on STWD shares. Citigroup restated a “market outperform” rating on shares of Starwood Property Trust in a research note on Thursday, September 24th. JPMorgan Chase & Co. reduced their target price on Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a report on Tuesday, August 18th. Wall Street Zen lowered Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Weiss Ratings downgraded Starwood Property Trust from a “hold (c-)” rating to a “sell (d+)” rating in a report on Thursday, October 8th. Finally, Wells Fargo & Company set a $20.00 price target on Starwood Property Trust in a report on Monday, August 17th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $18.70.

Starwood Property Trust Trading Up 3.8%

Starwood Property Trust stock opened at $12.59 on Friday. The firm’s 50-day moving average is $14.59 and its 200-day moving average is $16.20. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.46 and a current ratio of 1.46. Starwood Property Trust, Inc. has a 1 year low of $11.84 and a 1 year high of $18.80. The company has a market cap of $4.66 billion, a P/E ratio of 21.34, a PEG ratio of 1.68 and a beta of 1.01.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. The business had revenue of $201.42 million during the quarter, compared to analyst estimates of $521.67 million. During the same period in the previous year, the business posted $0.43 EPS. The company’s quarterly revenue was up 15.6% on a year-over-year basis. On average, equities analysts expect that Starwood Property Trust, Inc. will post 1.33 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 15th. Shareholders of record on Wednesday, September 30th were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 15.2%. Starwood Property Trust’s dividend payout ratio (DPR) is currently 325.42%.

Starwood Property Trust Profile

Starwood Property Trust, Inc is a real estate investment trust that focuses on commercial real estate finance and related investments. The company originates, acquires, and manages a range of real estate debt and equity investments, serving institutional borrowers, property owners, and developers.

Its portfolio and lending activities include senior mortgage loans, mezzanine debt, subordinated loans, preferred equity, commercial mortgage-backed securities, and other structured real estate investments.