Ashton Thomas Private Wealth LLC Acquires New Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Ashton Thomas Private Wealth LLC acquired a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 3,929 shares of the real estate investment trust’s stock, valued at approximately $74,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Allspring Global Investments Holdings LLC bought a new stake in shares of Starwood Property Trust during the first quarter valued at about $26,000. ICA Group Wealth Management LLC bought a new stake in shares of Starwood Property Trust during the fourth quarter valued at about $28,000. Core Wealth Advisors Inc. bought a new stake in shares of Starwood Property Trust during the fourth quarter valued at about $32,000. Cape Investment Advisory Inc. bought a new stake in shares of Starwood Property Trust during the fourth quarter valued at about $32,000. Finally, Salem Investment Counselors Inc. raised its stake in shares of Starwood Property Trust by 80.0% during the first quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the real estate investment trust’s stock valued at $37,000 after purchasing an additional 800 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. BTIG Research reiterated a “buy” rating and issued a $24.00 price target on shares of Starwood Property Trust in a research report on Friday, July 19th. JPMorgan Chase & Co. boosted their price target on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a research report on Tuesday, July 16th. Wolfe Research assumed coverage on shares of Starwood Property Trust in a research report on Tuesday, June 25th. They issued a “peer perform” rating on the stock. Finally, Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $20.50 to $22.50 in a research report on Thursday, September 5th. Four investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Starwood Property Trust has a consensus rating of “Moderate Buy” and an average target price of $22.07.

Starwood Property Trust Trading Up 1.4 %

Shares of STWD opened at $20.20 on Friday. The business’s 50-day moving average price is $19.89 and its 200 day moving average price is $19.73. The stock has a market capitalization of $6.40 billion, a P/E ratio of 14.53 and a beta of 1.70. Starwood Property Trust, Inc. has a 1-year low of $17.07 and a 1-year high of $22.29. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.80.

Starwood Property Trust (NYSE:STWD) last released its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.04. Starwood Property Trust had a return on equity of 10.03% and a net margin of 17.05%. The company had revenue of $489.80 million for the quarter, compared to analysts’ expectations of $505.23 million. During the same quarter in the previous year, the business posted $0.47 EPS. The business’s revenue for the quarter was down 5.0% on a year-over-year basis. Analysts expect that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a $0.48 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 9.50%. Starwood Property Trust’s payout ratio is 138.13%.

Starwood Property Trust Profile

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.