Centaurus Financial Inc. Makes New $4.66 Million Investment in Starwood Property Trust, Inc. $STWD

Centaurus Financial Inc. purchased a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 284,468 shares of the real estate investment trust’s stock, valued at approximately $4,660,000. Centaurus Financial Inc. owned about 0.08% of Starwood Property Trust at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Public Employees Retirement System of Ohio bought a new position in Starwood Property Trust in the 2nd quarter worth approximately $1,774,000. Almitas Capital LLC bought a new position in Starwood Property Trust in the 2nd quarter valued at $1,163,000. Corient Private Wealth LP bought a new position in Starwood Property Trust in the 2nd quarter valued at $2,928,000. Palogic Value Management L.P. acquired a new stake in shares of Starwood Property Trust in the 2nd quarter valued at $781,000. Finally, Bank of America Corp DE acquired a new stake in shares of Starwood Property Trust in the 2nd quarter valued at $19,537,000. 49.82% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on STWD. Zacks Research raised Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Keefe, Bruyette & Woods lowered their price objective on Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating for the company in a research report on Friday, August 7th. JPMorgan Chase & Co. lowered their price objective on Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating for the company in a research report on Tuesday, August 18th. Weiss Ratings reissued a “hold (c-)” rating on shares of Starwood Property Trust in a report on Friday, August 7th. Finally, Wells Fargo & Company set a $20.00 target price on shares of Starwood Property Trust in a research report on Monday, August 17th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $19.20.

Starwood Property Trust Price Performance

STWD opened at $15.93 on Friday. The company has a fifty day moving average price of $16.47 and a two-hundred day moving average price of $17.20. The firm has a market capitalization of $5.89 billion, a PE ratio of 26.99, a P/E/G ratio of 2.10 and a beta of 0.98. Starwood Property Trust, Inc. has a 52 week low of $15.51 and a 52 week high of $20.84. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.46 and a current ratio of 1.46.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.The company had revenue of $201.42 million for the quarter, compared to the consensus estimate of $521.67 million. During the same quarter in the prior year, the business posted $0.43 EPS. The firm’s quarterly revenue was up 15.6% on a year-over-year basis. As a group, analysts anticipate that Starwood Property Trust, Inc. will post 1.4 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.92 annualized dividend and a yield of 12.1%. Starwood Property Trust’s dividend payout ratio is presently 325.42%.

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.