Quest Partners LLC Has $552,000 Position in Starwood Property Trust, Inc. (NYSE:STWD)

Quest Partners LLC reduced its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 29.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,170 shares of the real estate investment trust’s stock after selling 12,183 shares during the quarter. Quest Partners LLC’s holdings in Starwood Property Trust were worth $552,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of STWD. Allspring Global Investments Holdings LLC acquired a new stake in Starwood Property Trust in the first quarter worth about $26,000. ICA Group Wealth Management LLC bought a new position in shares of Starwood Property Trust during the 4th quarter valued at about $28,000. Cape Investment Advisory Inc. bought a new stake in Starwood Property Trust in the 4th quarter valued at approximately $32,000. Core Wealth Advisors Inc. bought a new stake in Starwood Property Trust in the 4th quarter valued at approximately $32,000. Finally, Salem Investment Counselors Inc. lifted its stake in Starwood Property Trust by 80.0% in 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 in the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on STWD. BTIG Research reissued a “buy” rating and set a $24.00 target price on shares of Starwood Property Trust in a report on Friday, July 19th. Wolfe Research started coverage on Starwood Property Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating for the company. Raymond James cut 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. JPMorgan Chase & Co. increased 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. Finally, Keefe, Bruyette & Woods upgraded Starwood Property Trust from a “market perform” rating to an “outperform” rating and raised their target price for the company from $20.50 to $22.50 in a report on Thursday, September 5th. Four research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.07.

Starwood Property Trust Price Performance

NYSE STWD opened at $19.93 on Friday. The business’s fifty day moving average price is $19.87 and its 200-day moving average price is $19.73. The stock has a market capitalization of $6.30 billion, a price-to-earnings ratio of 14.33 and a beta of 1.70. The company has a debt-to-equity ratio of 2.80, a current ratio of 1.84 and a quick ratio of 1.84. Starwood Property Trust, Inc. has a 1-year low of $17.07 and a 1-year high of $22.29.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 EPS 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 analysts’ expectations of $505.23 million. During the same period last year, the firm earned $0.47 earnings per share. The business’s quarterly revenue was down 5.0% on a year-over-year basis. On average, equities analysts predict that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current year.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 15th. Stockholders of record on Monday, September 30th will be issued a $0.48 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.92 annualized dividend and a dividend yield of 9.64%. Starwood Property Trust’s dividend payout ratio (DPR) is 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.