According to Zacks, “Starwood Property Trust, Inc. is a newly formed company that is focused primarily on originating, investing in, financing and managing commercial mortgage loans and other commercial real estate-related debt investments. Starwood Property Trust, Inc. will be externally managed and advised by SPT Management, LLC, an affiliate of Starwood Capital Group and intends to elect to be taxed as a real estate investment trust (REIT) for U.S. federal income tax purposes. “
Separately, BTIG Research initiated coverage on Starwood Property Trust in a research note on Tuesday, February 26th. They issued a buy rating and a $25.00 price objective for the company. Two investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus target price of $24.25.
STWD stock opened at $23.05 on Friday. The company has a market cap of $6.46 billion, a P/E ratio of 10.92 and a beta of 0.56. Starwood Property Trust has a fifty-two week low of $19.16 and a fifty-two week high of $23.20. The company has a debt-to-equity ratio of 2.20, a current ratio of 2.52 and a quick ratio of 2.52.
Starwood Property Trust (NYSE:STWD) last posted its earnings results on Thursday, February 28th. The real estate investment trust reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.53 by $0.01. Starwood Property Trust had a return on equity of 12.30% and a net margin of 34.78%. As a group, sell-side analysts anticipate that Starwood Property Trust will post 2.1 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 15th. Shareholders of record on Friday, March 29th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 8.33%. The ex-dividend date was Thursday, March 28th. Starwood Property Trust’s dividend payout ratio is currently 91.00%.
A number of hedge funds and other institutional investors have recently modified their holdings of the business. Raymond James & Associates lifted its stake in Starwood Property Trust by 37.5% in the first quarter. Raymond James & Associates now owns 2,531,966 shares of the real estate investment trust’s stock valued at $56,589,000 after buying an additional 691,038 shares during the last quarter. CIBC Asset Management Inc purchased a new stake in Starwood Property Trust in the first quarter valued at approximately $217,000. Outlook Wealth Advisors LLC lifted its stake in Starwood Property Trust by 464.5% in the first quarter. Outlook Wealth Advisors LLC now owns 14,350 shares of the real estate investment trust’s stock valued at $321,000 after buying an additional 11,808 shares during the last quarter. Cetera Investment Advisers purchased a new stake in Starwood Property Trust in the first quarter valued at approximately $351,000. Finally, Kovack Advisors Inc. lifted its stake in Starwood Property Trust by 28.6% in the first quarter. Kovack Advisors Inc. now owns 53,966 shares of the real estate investment trust’s stock valued at $1,206,000 after buying an additional 11,998 shares during the last quarter. Institutional investors own 65.69% of the company’s stock.
About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
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