SlateStone Wealth LLC Has $1.22 Million Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

SlateStone Wealth LLC raised its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 3.1% during the 2nd quarter, Holdings Channel.com reports. The firm owned 64,304 shares of the real estate investment trust’s stock after acquiring an additional 1,925 shares during the period. SlateStone Wealth LLC’s holdings in Starwood Property Trust were worth $1,218,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Bailard Inc. acquired a new position in shares of Starwood Property Trust in the second quarter worth $248,000. Raymond James Trust N.A. increased its stake in shares of Starwood Property Trust by 3.4% during the 2nd quarter. Raymond James Trust N.A. now owns 22,466 shares of the real estate investment trust’s stock worth $426,000 after purchasing an additional 747 shares during the last quarter. Highland Capital Management LLC bought a new position in shares of Starwood Property Trust during the 2nd quarter valued at $648,000. 1620 Investment Advisors Inc. lifted its stake in shares of Starwood Property Trust by 2,808.7% in the 2nd quarter. 1620 Investment Advisors Inc. now owns 33,886 shares of the real estate investment trust’s stock valued at $642,000 after purchasing an additional 32,721 shares during the last quarter. Finally, MeadowBrook Investment Advisors LLC increased its position in Starwood Property Trust by 5.0% during the second quarter. MeadowBrook Investment Advisors LLC now owns 17,380 shares of the real estate investment trust’s stock worth $329,000 after buying an additional 835 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Stock Up 0.7 %

STWD opened at $20.55 on Tuesday. The firm has a market cap of $6.51 billion, a price-to-earnings ratio of 14.78 and a beta of 1.69. 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’s 50-day simple moving average is $19.60 and its 200-day simple moving average is $19.67. 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 posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. The company had revenue of $489.80 million during the quarter, compared to analyst estimates of $505.23 million. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The company’s revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the business posted $0.47 earnings per share. Equities research analysts anticipate that Starwood Property Trust, Inc. will post 1.91 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued 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 9.34%. Starwood Property Trust’s dividend payout ratio is 138.13%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on STWD. JPMorgan Chase & Co. increased their price objective on Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Raymond James lowered their price target on Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a report on Thursday, May 16th. BTIG Research restated a “buy” rating and issued a $24.00 price objective on shares of Starwood Property Trust in a research note on Friday, July 19th. Keefe, Bruyette & Woods lifted their target price on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock a “market perform” rating in a report on Friday, August 9th. Finally, Wolfe Research began coverage on Starwood Property Trust in a research report on Tuesday, June 25th. They issued a “peer perform” rating on the stock. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Starwood Property Trust has a consensus rating of “Moderate Buy” and a consensus target price of $21.79.

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.