Headlands Technologies LLC Takes $112,000 Position in Starwood Property Trust, Inc. (NYSE:STWD)

Headlands Technologies LLC purchased a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 5,939 shares of the real estate investment trust’s stock, valued at approximately $112,000.

Several other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC acquired a new stake in shares of Starwood Property Trust during the first quarter worth $26,000. ICA Group Wealth Management LLC acquired a new stake in Starwood Property Trust in the 4th quarter worth about $28,000. Cape Investment Advisory Inc. bought a new stake in Starwood Property Trust in the 4th quarter valued at about $32,000. Core Wealth Advisors Inc. acquired a new position in shares of Starwood Property Trust during the 4th quarter worth approximately $32,000. Finally, Salem Investment Counselors Inc. increased its holdings 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 worth $37,000 after purchasing an additional 800 shares during the period. 49.82% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on STWD. Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $20.50 to $22.50 in a research note on Thursday, September 5th. Wolfe Research assumed coverage on shares of Starwood Property Trust in a research note on Tuesday, June 25th. They set a “peer perform” rating on the stock. BTIG Research restated a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. upped their price target on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Starwood Property Trust presently has an average rating of “Moderate Buy” and an average target price of $22.07.

Starwood Property Trust Price Performance

STWD stock opened at $20.20 on Monday. The stock has a market cap of $6.40 billion, a price-to-earnings ratio of 14.53 and a beta of 1.70. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.84 and a quick ratio of 1.84. The company has a 50 day simple moving average of $19.89 and a 200 day simple moving average of $19.73. Starwood Property Trust, Inc. has a 1 year low of $17.07 and a 1 year high of $22.29.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.04. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The company had revenue of $489.80 million during the quarter, compared to the consensus estimate of $505.23 million. During the same period in the prior year, the business earned $0.47 earnings per share. The company’s revenue for the quarter was down 5.0% compared to the same quarter last year. Research analysts anticipate that Starwood Property Trust, Inc. will post 1.89 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.50%. The ex-dividend date of this dividend is Monday, September 30th. 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.