Starwood Property Trust, Inc. $STWD Shares Bought by SkyOak Wealth LLC

SkyOak Wealth LLC raised its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 36.0% in the third quarter, according to its most recent 13F filing with the SEC. The fund owned 281,728 shares of the real estate investment trust’s stock after buying an additional 74,573 shares during the period. SkyOak Wealth LLC owned about 0.08% of Starwood Property Trust worth $5,457,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Cetera Trust Company N.A grew its holdings in Starwood Property Trust by 5.2% during the second quarter. Cetera Trust Company N.A now owns 10,730 shares of the real estate investment trust’s stock worth $215,000 after acquiring an additional 530 shares during the period. GAMMA Investing LLC boosted its position in Starwood Property Trust by 14.8% in the 3rd quarter. GAMMA Investing LLC now owns 4,235 shares of the real estate investment trust’s stock worth $82,000 after purchasing an additional 547 shares in the last quarter. Park Avenue Securities LLC grew its stake in shares of Starwood Property Trust by 3.5% during the 3rd quarter. Park Avenue Securities LLC now owns 16,776 shares of the real estate investment trust’s stock worth $325,000 after purchasing an additional 562 shares during the period. IFP Advisors Inc increased its holdings in shares of Starwood Property Trust by 14.3% during the 2nd quarter. IFP Advisors Inc now owns 4,664 shares of the real estate investment trust’s stock valued at $94,000 after purchasing an additional 583 shares in the last quarter. Finally, Crux Wealth Advisors lifted its stake in shares of Starwood Property Trust by 2.6% in the 2nd quarter. Crux Wealth Advisors now owns 24,987 shares of the real estate investment trust’s stock valued at $501,000 after purchasing an additional 643 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on STWD shares. Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday, October 8th. Wells Fargo & Company dropped their target price on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 11th. Zacks Research cut Starwood Property Trust from a “hold” rating to a “strong sell” rating in a report on Wednesday, October 29th. Finally, Keefe, Bruyette & Woods lowered their price target on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research report on Wednesday, November 12th. Three investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.63.

Starwood Property Trust Price Performance

Shares of Starwood Property Trust stock opened at $18.39 on Wednesday. The stock has a market capitalization of $6.81 billion, a P/E ratio of 17.51 and a beta of 1.13. The business has a 50 day simple moving average of $18.24 and a two-hundred day simple moving average of $19.29. Starwood Property Trust, Inc. has a 12 month low of $16.59 and a 12 month high of $21.05. The company has a debt-to-equity ratio of 2.98, a current ratio of 1.33 and a quick ratio of 1.33.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Monday, November 10th. The real estate investment trust reported $0.40 EPS for the quarter, missing the consensus estimate of $0.44 by ($0.04). The firm had revenue of $247.87 million for the quarter, compared to analysts’ expectations of $479.70 million. Starwood Property Trust had a return on equity of 8.41% and a net margin of 20.28%.The firm’s revenue for the quarter was up 1.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.48 earnings per share. As a group, analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Stockholders of record on Wednesday, December 31st will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.4%. The ex-dividend date is Wednesday, December 31st. Starwood Property Trust’s dividend payout ratio is 182.86%.

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.