State Board of Administration of Florida Retirement System boosted its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 13.7% in the third quarter, Holdings Channel reports. The fund owned 344,194 shares of the real estate investment trust’s stock after buying an additional 41,401 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Starwood Property Trust were worth $7,407,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in STWD. Creative Planning raised its position in shares of Starwood Property Trust by 7.6% in the second quarter. Creative Planning now owns 32,209 shares of the real estate investment trust’s stock valued at $699,000 after buying an additional 2,262 shares during the last quarter. Fiduciary Financial Services of The Southwest Inc. TX raised its position in shares of Starwood Property Trust by 1.1% in the third quarter. Fiduciary Financial Services of The Southwest Inc. TX now owns 215,410 shares of the real estate investment trust’s stock valued at $4,636,000 after buying an additional 2,353 shares during the last quarter. Pekin Singer Strauss Asset Management IL raised its position in shares of Starwood Property Trust by 18.2% in the second quarter. Pekin Singer Strauss Asset Management IL now owns 15,400 shares of the real estate investment trust’s stock valued at $334,000 after buying an additional 2,375 shares during the last quarter. BTR Capital Management Inc. raised its position in shares of Starwood Property Trust by 0.8% in the second quarter. BTR Capital Management Inc. now owns 361,148 shares of the real estate investment trust’s stock valued at $7,841,000 after buying an additional 2,703 shares during the last quarter. Finally, IFP Advisors Inc raised its position in shares of Starwood Property Trust by 55.6% in the third quarter. IFP Advisors Inc now owns 7,722 shares of the real estate investment trust’s stock valued at $166,000 after buying an additional 2,760 shares during the last quarter. Institutional investors own 68.84% of the company’s stock.

A number of equities analysts have recently weighed in on the stock. ValuEngine raised shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Saturday, July 28th. Credit Suisse Group boosted their price objective on shares of Starwood Property Trust from $24.00 to $25.00 and gave the company an “outperform” rating in a research report on Tuesday, August 21st. JPMorgan Chase & Co. assumed coverage on shares of Starwood Property Trust in a research report on Friday, September 21st. They issued an “overweight” rating and a $23.00 price objective for the company. Finally, Zacks Investment Research lowered shares of Starwood Property Trust from a “buy” rating to a “hold” rating in a research report on Tuesday, October 30th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Starwood Property Trust has an average rating of “Buy” and a consensus target price of $24.00.

Starwood Property Trust stock opened at $21.97 on Thursday. Starwood Property Trust, Inc. has a 1 year low of $19.47 and a 1 year high of $23.04. The company has a market capitalization of $5.86 billion, a P/E ratio of 10.17, a P/E/G ratio of 2.07 and a beta of 0.25. The company has a quick ratio of 2.00, a current ratio of 2.06 and a debt-to-equity ratio of 2.19.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Friday, November 9th. The real estate investment trust reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. Starwood Property Trust had a net margin of 36.49% and a return on equity of 12.41%. The firm had revenue of $285.70 million during the quarter, compared to the consensus estimate of $277.19 million. During the same period in the previous year, the firm earned $0.65 earnings per share. Starwood Property Trust’s revenue was up 26.0% compared to the same quarter last year. On average, research analysts predict that Starwood Property Trust, Inc. will post 2.12 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 15th. Investors of record on Monday, December 31st will be issued a $0.48 dividend. The ex-dividend date is Friday, December 28th. This represents a $1.92 dividend on an annualized basis and a yield of 8.74%. Starwood Property Trust’s payout ratio is 88.89%.

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Starwood Property Trust Company Profile

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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Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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