Neo Ivy Capital Management Takes $600,000 Position in Starwood Property Trust, Inc. $STWD

Neo Ivy Capital Management acquired a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the third quarter, HoldingsChannel reports. The fund acquired 31,000 shares of the real estate investment trust’s stock, valued at approximately $600,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. purchased a new stake in Starwood Property Trust during the 2nd quarter valued at $25,000. Cloud Capital Management LLC bought a new position in shares of Starwood Property Trust during the 3rd quarter valued at $29,000. Jackson Grant Investment Advisers Inc. purchased a new position in shares of Starwood Property Trust in the 3rd quarter worth $29,000. Orion Capital Management LLC purchased a new position in shares of Starwood Property Trust in the 3rd quarter worth $39,000. Finally, Financial Gravity Companies Inc. bought a new stake in shares of Starwood Property Trust in the second quarter worth $44,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on STWD. Weiss Ratings reiterated a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday, January 21st. Bank of America reissued a “neutral” rating and issued a $19.00 target price on shares of Starwood Property Trust in a research report on Friday. Keefe, Bruyette & Woods reduced their price target on shares of 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 lowered their price objective on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. Finally, Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Monday, January 12th. Three research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $19.90.

Starwood Property Trust Price Performance

Shares of Starwood Property Trust stock opened at $17.96 on Friday. Starwood Property Trust, Inc. has a one year low of $16.59 and a one year high of $21.05. The stock’s fifty day moving average is $18.14 and its 200 day moving average is $18.69. The stock has a market cap of $6.66 billion, a P/E ratio of 15.48 and a beta of 1.10. The company has a debt-to-equity ratio of 3.10, a quick ratio of 1.68 and a current ratio of 1.68.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Wednesday, February 25th. The real estate investment trust reported $0.42 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.01. Starwood Property Trust had a return on equity of 8.16% and a net margin of 22.32%.The company had revenue of $492.95 million for the quarter, compared to the consensus estimate of $469.53 million. During the same period in the previous year, the business earned $0.48 earnings per share. Starwood Property Trust’s quarterly revenue was up 8.5% compared to the same quarter last year. Sell-side analysts anticipate that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 10.7%. The ex-dividend date of this dividend was Wednesday, December 31st. Starwood Property Trust’s payout ratio is presently 165.52%.

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

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.