Corient Private Wealth LP Buys Shares of 178,755 Starwood Property Trust, Inc. $STWD

Corient Private Wealth LP purchased a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 178,755 shares of the real estate investment trust’s stock, valued at approximately $2,928,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Quantum Portfolio Management LLC boosted its stake in shares of Starwood Property Trust by 882,760.9% in the 1st quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust’s stock valued at $1,931,676,000 after purchasing an additional 112,163,596 shares during the last quarter. BlackRock Inc. bought a new position in Starwood Property Trust during the second quarter worth $589,366,000. Geode Capital Management LLC lifted its holdings in Starwood Property Trust by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust’s stock valued at $115,453,000 after buying an additional 148,740 shares during the period. Northern Trust Corp boosted its position in Starwood Property Trust by 1.2% during the third quarter. Northern Trust Corp now owns 5,387,358 shares of the real estate investment trust’s stock valued at $104,353,000 after acquiring an additional 64,178 shares during the last quarter. Finally, Advisors Capital Management LLC bought a new stake in Starwood Property Trust during the second quarter valued at $70,121,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Stock Down 0.9%

STWD stock opened at $15.56 on Wednesday. The stock’s 50 day simple moving average is $16.41 and its 200 day simple moving average is $17.15. The company has a market cap of $5.76 billion, a P/E ratio of 26.37, a price-to-earnings-growth ratio of 2.07 and a beta of 0.98. 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 fifty-two week low of $15.48 and a fifty-two week high of $20.84.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The firm had revenue of $201.42 million during the quarter, compared to analysts’ expectations of $521.67 million. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.The company’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the firm posted $0.43 earnings per share. On average, research analysts expect that Starwood Property Trust, Inc. will post 1.4 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th were given a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.92 annualized dividend and a yield of 12.3%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 325.42%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Weiss Ratings reissued a “hold (c-)” rating on shares of Starwood Property Trust in a research report on Friday, August 7th. Keefe, Bruyette & Woods dropped their price target on Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Wells Fargo & Company set a $20.00 price target on Starwood Property Trust in a report on Monday, August 17th. Wall Street Zen downgraded shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Finally, Zacks Research upgraded shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.20.

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.