Frank Rimerman Advisors LLC Invests $1.13 Million in Starwood Property Trust, Inc. (NYSE:STWD)

Frank Rimerman Advisors LLC purchased a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 59,427 shares of the real estate investment trust’s stock, valued at approximately $1,126,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Starwood Property Trust during the first quarter valued at approximately $26,000. ICA Group Wealth Management LLC purchased a new stake in shares of Starwood Property Trust during the fourth quarter valued at approximately $28,000. Cape Investment Advisory Inc. bought a new position in Starwood Property Trust during the fourth quarter valued at $32,000. Core Wealth Advisors Inc. bought a new position in Starwood Property Trust during the fourth quarter valued at $32,000. Finally, Salem Investment Counselors Inc. grew its holdings in 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 during the period. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Price Performance

NYSE:STWD opened at $20.96 on Monday. The stock has a fifty day moving average of $20.03 and a 200 day moving average of $19.75. Starwood Property Trust, Inc. has a 52-week low of $17.07 and a 52-week high of $22.29. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.84 and a current ratio of 1.84. The firm has a market capitalization of $6.62 billion, a price-to-earnings ratio of 15.08 and a beta of 1.70.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates 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 business had revenue of $489.80 million for the quarter, compared to the consensus estimate of $505.23 million. During the same quarter last year, the business posted $0.47 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, research analysts expect 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. Shareholders of record on Monday, September 30th will be given a dividend of $0.48 per share. The ex-dividend date is Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 9.16%. Starwood Property Trust’s payout ratio is 138.13%.

Wall Street Analyst Weigh In

Several brokerages have weighed in on STWD. BTIG Research reissued a “buy” rating and set a $24.00 price objective on shares of Starwood Property Trust in a report on Friday, July 19th. Wells Fargo & Company raised their price target on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday. JPMorgan Chase & Co. raised their price target on Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. Finally, Wolfe Research started coverage on Starwood Property Trust in a research note on Tuesday, June 25th. They set a “peer perform” rating for the company. Four analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $22.36.

Starwood Property Trust Company 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.