GAMMA Investing LLC Buys 762 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

GAMMA Investing LLC boosted its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 33.7% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,025 shares of the real estate investment trust’s stock after purchasing an additional 762 shares during the period. GAMMA Investing LLC’s holdings in Starwood Property Trust were worth $62,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in STWD. Allspring Global Investments Holdings LLC bought a new stake in shares of Starwood Property Trust during the 1st quarter valued at $26,000. Altshuler Shaham Ltd bought a new stake in shares of Starwood Property Trust during the 2nd quarter valued at $28,000. Quarry LP bought a new stake in shares of Starwood Property Trust during the 2nd quarter valued at $36,000. Salem Investment Counselors Inc. grew its position in shares of 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. Finally, Future Financial Wealth Managment LLC bought a new stake in shares of Starwood Property Trust during the 1st quarter valued at $44,000. Institutional investors own 49.82% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the stock. Wells Fargo & Company boosted their price objective on shares of Starwood Property Trust from $22.00 to $24.00 and gave the company an “outperform” rating in a research report on Friday, September 20th. JPMorgan Chase & Co. lifted their target price 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. BTIG Research restated a “buy” rating and set a $24.00 target price on shares of Starwood Property Trust in a research note on Friday, July 19th. Keefe, Bruyette & Woods upgraded shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $20.50 to $22.50 in a research note on Thursday, September 5th. Finally, Wolfe Research began coverage on shares of Starwood Property Trust in a research note on Tuesday, June 25th. They set a “peer perform” rating on the stock. Three analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $22.36.

Starwood Property Trust Stock Up 1.5 %

Shares of STWD stock opened at $20.32 on Thursday. The stock has a market cap of $6.42 billion, a P/E ratio of 14.62 and a beta of 1.70. 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 company’s fifty day simple moving average is $20.15 and its two-hundred day simple moving average is $19.73.

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

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.45%. The ex-dividend date was Monday, September 30th. Starwood Property Trust’s payout ratio is currently 138.13%.

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.