Sunbelt Securities Inc. Boosts Stake in Starwood Property Trust, Inc. (NYSE:STWD)

Sunbelt Securities Inc. boosted its position in Starwood Property Trust, Inc. (NYSE:STWD) by 0.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 57,077 shares of the real estate investment trust’s stock after acquiring an additional 517 shares during the quarter. Sunbelt Securities Inc.’s holdings in Starwood Property Trust were worth $1,081,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC purchased a new stake in shares of Starwood Property Trust in the 1st quarter valued at $26,000. ICA Group Wealth Management LLC bought a new position in shares of Starwood Property Trust during the fourth quarter valued at about $28,000. Altshuler Shaham Ltd purchased a new position in shares of Starwood Property Trust in the second quarter worth about $28,000. Core Wealth Advisors Inc. bought a new stake in shares of Starwood Property Trust in the 4th quarter valued at about $32,000. Finally, Salem Investment Counselors Inc. boosted its holdings in Starwood Property Trust by 80.0% during the 1st quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the real estate investment trust’s stock valued at $37,000 after acquiring an additional 800 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Trading Up 0.2 %

NYSE STWD opened at $20.38 on Tuesday. The stock’s 50 day moving average is $20.09 and its 200 day moving average is $19.76. The company has a quick ratio of 1.84, a current ratio of 1.84 and a debt-to-equity ratio of 2.80. The firm has a market capitalization of $6.44 billion, a PE ratio of 14.66 and a beta of 1.70. Starwood Property Trust, Inc. has a twelve month low of $17.07 and a twelve month high of $22.29.

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, topping analysts’ consensus estimates 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 firm had revenue of $489.80 million for the quarter, compared to the consensus estimate of $505.23 million. During the same period in the prior year, the firm earned $0.47 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. Research analysts forecast that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be given a $0.48 dividend. The ex-dividend date of this dividend is Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.42%. Starwood Property Trust’s dividend payout ratio is currently 138.13%.

Analyst Upgrades and Downgrades

STWD has been the subject of a number of analyst reports. Wolfe Research initiated coverage on Starwood Property Trust in a research note on Tuesday, June 25th. They set a “peer perform” rating for the company. JPMorgan Chase & Co. upped their price objective on shares of Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a research note on Tuesday, July 16th. Keefe, Bruyette & Woods raised Starwood Property Trust from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $20.50 to $22.50 in a research note on Thursday, September 5th. BTIG Research reaffirmed a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a research report on Friday, July 19th. Finally, Wells Fargo & Company lifted their price objective on Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, September 20th. Four research 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 stock. According to MarketBeat.com, the stock presently has a consensus 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.