Choreo LLC Purchases New Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Choreo LLC acquired a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 17,490 shares of the real estate investment trust’s stock, valued at approximately $328,000.

Other institutional investors also recently made changes to their positions in the company. Norges Bank bought a new stake in shares of Starwood Property Trust in the fourth quarter worth $62,447,000. Premier Fund Managers Ltd bought a new position in shares of Starwood Property Trust during the fourth quarter worth about $9,276,000. MGO One Seven LLC lifted its position in shares of Starwood Property Trust by 836.9% during the fourth quarter. MGO One Seven LLC now owns 437,819 shares of the real estate investment trust’s stock worth $9,203,000 after purchasing an additional 391,087 shares during the last quarter. Cetera Investment Advisers grew its stake in Starwood Property Trust by 70.0% in the first quarter. Cetera Investment Advisers now owns 334,893 shares of the real estate investment trust’s stock worth $6,808,000 after purchasing an additional 137,923 shares in the last quarter. Finally, Lake Street Advisors Group LLC bought a new stake in Starwood Property Trust in the first quarter valued at about $2,856,000. 49.82% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently commented on STWD shares. BTIG Research reiterated a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a research report on Friday, July 19th. Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. JPMorgan Chase & Co. raised 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. Finally, Wolfe Research initiated coverage on shares of Starwood Property Trust in a research report on Tuesday, June 25th. They set a “peer perform” rating for the company. Four investment analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $22.07.

Starwood Property Trust Trading Up 0.7 %

Starwood Property Trust stock opened at $20.57 on Wednesday. Starwood Property Trust, Inc. has a 52-week low of $17.07 and a 52-week high of $22.29. 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 $6.50 billion, a price-to-earnings ratio of 14.80 and a beta of 1.70. The firm has a 50-day moving average price of $19.92 and a two-hundred day moving average price of $19.73.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data 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 return on equity of 10.03% and a net margin of 17.05%. The business had revenue of $489.80 million during the quarter, compared to the consensus estimate of $505.23 million. During the same period in the previous year, the firm posted $0.47 earnings per share. The business’s revenue was down 5.0% on a year-over-year basis. Sell-side analysts expect that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.33%. The ex-dividend date of this dividend is Monday, September 30th. Starwood Property Trust’s dividend payout ratio (DPR) is 138.13%.

About Starwood Property Trust

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.