West Family Investments Inc. lessened its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 0.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 153,301 shares of the real estate investment trust’s stock after selling 500 shares during the period. Starwood Property Trust comprises approximately 1.4% of West Family Investments Inc.’s holdings, making the stock its 17th largest holding. West Family Investments Inc.’s holdings in Starwood Property Trust were worth $3,793,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cardinal Capital Management LLC CT raised its holdings in Starwood Property Trust by 35.2% in the 4th quarter. Cardinal Capital Management LLC CT now owns 5,892,744 shares of the real estate investment trust’s stock worth $113,730,000 after purchasing an additional 1,533,273 shares in the last quarter. Norges Bank bought a new position in Starwood Property Trust in the fourth quarter worth about $56,202,000. Charles Schwab Investment Management Inc. lifted its holdings in Starwood Property Trust by 2.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,427,685 shares of the real estate investment trust’s stock worth $27,555,000 after buying an additional 36,302 shares during the period. Northern Trust Corp boosted its position in Starwood Property Trust by 1.7% during the 4th quarter. Northern Trust Corp now owns 1,343,993 shares of the real estate investment trust’s stock valued at $25,939,000 after acquiring an additional 22,828 shares in the last quarter. Finally, CapWealth Advisors LLC grew its holdings in shares of Starwood Property Trust by 15.5% during the 1st quarter. CapWealth Advisors LLC now owns 1,116,907 shares of the real estate investment trust’s stock worth $27,632,000 after acquiring an additional 149,497 shares during the period. 46.14% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts recently weighed in on STWD shares. Raymond James lifted their price target on Starwood Property Trust from $26.00 to $27.50 and gave the company an “outperform” rating in a research report on Friday, May 7th. BTIG Research boosted their target price on shares of Starwood Property Trust from $25.00 to $29.00 and gave the company a “buy” rating in a report on Thursday. Credit Suisse Group increased their price target on shares of Starwood Property Trust from $21.50 to $26.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 17th. Zacks Investment Research lowered shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a research note on Thursday, May 20th. Finally, JPMorgan Chase & Co. raised their target price on shares of Starwood Property Trust from $25.00 to $26.00 and gave the company an “overweight” rating in a research note on Monday, May 10th. One analyst has rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. Starwood Property Trust has an average rating of “Buy” and a consensus target price of $26.08.
Starwood Property Trust (NYSE:STWD) last issued its earnings results on Thursday, May 6th. The real estate investment trust reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.49 by $0.01. Starwood Property Trust had a net margin of 45.90% and a return on equity of 11.02%. The firm had revenue of $287.23 million for the quarter, compared to the consensus estimate of $285.10 million. During the same quarter in the prior year, the firm posted $0.55 earnings per share. The business’s revenue was up 35.9% on a year-over-year basis. As a group, equities research analysts anticipate that Starwood Property Trust, Inc. will post 1.93 EPS for the current fiscal year.
The firm also recently disclosed a dividend, which will be paid on Wednesday, June 16th. Investors of record on Tuesday, June 15th will be given a $1.92 dividend. The ex-dividend date of this dividend is Monday, June 14th. This represents a yield of 7.56%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 102.67%.
Starwood Property Trust Profile
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through four segments: Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial and residential first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, and other real estate and real estate-related debt investments.
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