Parallel Advisors LLC Has $1.72 Million Holdings in Starwood Property Trust, Inc. $STWD

Parallel Advisors LLC grew its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 51.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 88,594 shares of the real estate investment trust’s stock after acquiring an additional 29,909 shares during the period. Parallel Advisors LLC’s holdings in Starwood Property Trust were worth $1,716,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of STWD. Evolution Wealth Management Inc. acquired a new stake in shares of Starwood Property Trust in the second quarter valued at approximately $25,000. Cloud Capital Management LLC bought a new position in Starwood Property Trust in the 3rd quarter worth approximately $29,000. Jackson Grant Investment Advisers Inc. acquired a new position in Starwood Property Trust during the 3rd quarter worth $29,000. Orion Capital Management LLC bought a new position in Starwood Property Trust in the 3rd quarter valued at $39,000. Finally, Financial Gravity Companies Inc. bought a new position in Starwood Property Trust in the 2nd quarter valued at $44,000. 49.82% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on STWD. Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday, January 21st. Zacks Research upgraded Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Keefe, Bruyette & Woods lowered their price objective on Starwood Property Trust from $20.50 to $20.00 and set an “outperform” rating for the company in a research report on Monday, March 2nd. Wells Fargo & Company cut their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Thursday, February 26th. Finally, Bank of America reaffirmed a “neutral” rating and issued a $19.00 target price on shares of Starwood Property Trust in a research note on Friday. Three equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, Starwood Property Trust has a consensus rating of “Hold” and an average price target of $19.90.

Starwood Property Trust Stock Performance

STWD stock opened at $17.90 on Tuesday. Starwood Property Trust, Inc. has a twelve month low of $16.59 and a twelve month high of $21.05. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 3.10. The company has a market cap of $6.63 billion, a P/E ratio of 15.43 and a beta of 1.10. The business’s fifty day moving average is $18.13 and its 200-day moving average is $18.66.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.42 EPS for the quarter, topping analysts’ consensus estimates of $0.41 by $0.01. The business had revenue of $492.95 million during the quarter, compared to analysts’ expectations of $469.53 million. Starwood Property Trust had a return on equity of 8.16% and a net margin of 22.32%.The firm’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.48 earnings per share. Equities research analysts forecast that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust declared that its board has authorized a stock repurchase program on Thursday, February 26th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the real estate investment trust to reacquire up to 6.1% of its shares through open market purchases. Shares buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

Starwood Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 10.7%. The ex-dividend date was Wednesday, December 31st. Starwood Property Trust’s payout ratio is presently 165.52%.

Starwood Property Trust 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.