Elevation Point Wealth Partners LLC Makes New Investment in Starwood Property Trust, Inc. $STWD

Elevation Point Wealth Partners LLC purchased a new stake in Starwood Property Trust, Inc. (NYSE:STWD) during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 84,643 shares of the real estate investment trust’s stock, valued at approximately $1,680,000.

Other hedge funds have also modified their holdings of the company. Evolution Wealth Management Inc. acquired a new position in Starwood Property Trust in the second quarter valued at about $25,000. Cloud Capital Management LLC acquired a new position in Starwood Property Trust in the 3rd quarter worth $29,000. Jackson Grant Investment Advisers Inc. bought a new position in Starwood Property Trust during the 3rd quarter worth about $29,000. Orion Capital Management LLC bought a new position in Starwood Property Trust during the 3rd quarter worth about $39,000. Finally, Financial Gravity Companies Inc. acquired a new stake in shares of Starwood Property Trust in the 2nd quarter valued at about $44,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Trading Down 0.3%

Starwood Property Trust stock opened at $17.60 on Monday. The company has a market cap of $6.52 billion, a price-to-earnings ratio of 15.17, a P/E/G ratio of 2.34 and a beta of 1.10. The firm has a 50-day moving average of $18.09 and a 200-day moving average of $18.60. The company has a debt-to-equity ratio of 3.10, a current ratio of 1.68 and a quick ratio of 1.68. Starwood Property Trust, Inc. has a one year low of $16.59 and a one year high of $21.05.

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 (EPS) for the quarter, beating analysts’ consensus estimates 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 business had revenue of $492.95 million for the quarter, compared to the consensus estimate of $469.53 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. Starwood Property Trust’s quarterly revenue was up 8.5% on a year-over-year basis. On average, equities analysts expect that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust declared that its board has authorized a stock repurchase plan 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 repurchase up to 6.1% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its shares are undervalued.

Starwood Property Trust Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 15th. Stockholders of record on Tuesday, March 31st will be paid a dividend of $0.48 per share. The ex-dividend date is Tuesday, March 31st. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.9%. Starwood Property Trust’s dividend payout ratio is currently 165.52%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on the company. Bank of America restated a “neutral” rating and issued a $19.00 price target on shares of Starwood Property Trust in a report on Friday, March 6th. Keefe, Bruyette & Woods dropped their target price on Starwood Property Trust from $20.50 to $20.00 and set an “outperform” rating on the stock in a research report on Monday, March 2nd. Zacks Research upgraded Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starwood Property Trust in a research report on Wednesday, January 21st. Finally, Wells Fargo & Company decreased their price target on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Thursday, February 26th. Three research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $19.90.

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.