Lighthouse Investment Partners LLC Takes $5.46 Million Position in Starwood Property Trust, Inc. (NYSE:STWD)

Lighthouse Investment Partners LLC bought a new position in Starwood Property Trust, Inc. (NYSE:STWD) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 288,032 shares of the real estate investment trust’s stock, valued at approximately $5,455,000.

Several other large investors have also made changes to their positions in STWD. Premier Fund Managers Ltd bought a new stake in shares of Starwood Property Trust in the 4th quarter worth about $9,276,000. MGO One Seven LLC grew its holdings in Starwood Property Trust by 836.9% during the 4th quarter. MGO One Seven LLC now owns 437,819 shares of the real estate investment trust’s stock worth $9,203,000 after acquiring an additional 391,087 shares during the last quarter. Squarepoint Ops LLC grew its holdings in Starwood Property Trust by 1,490.6% during the 2nd quarter. Squarepoint Ops LLC now owns 150,436 shares of the real estate investment trust’s stock worth $2,849,000 after acquiring an additional 161,254 shares during the last quarter. Cetera Investment Advisers grew its holdings in Starwood Property Trust by 70.0% during the 1st quarter. Cetera Investment Advisers now owns 334,893 shares of the real estate investment trust’s stock worth $6,808,000 after acquiring an additional 137,923 shares during the last quarter. Finally, Lake Street Advisors Group LLC bought a new stake in Starwood Property Trust during the 1st quarter worth about $2,856,000. Institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the stock. JPMorgan Chase & Co. increased their price objective on shares of Starwood Property Trust from $20.00 to $20.50 and gave the stock an “overweight” rating in a report on Tuesday, July 16th. Keefe, Bruyette & Woods raised shares of Starwood Property Trust from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $20.50 to $22.50 in a report on Thursday, September 5th. Wells Fargo & Company increased their price objective on shares of Starwood Property Trust from $22.00 to $24.00 and gave the stock an “outperform” rating in a report on Friday, September 20th. BTIG Research restated a “buy” rating and set a $24.00 target price on shares of Starwood Property Trust in a research report on Friday, July 19th. Finally, Wolfe Research began coverage on shares of Starwood Property Trust in a research report on Tuesday, June 25th. They set a “peer perform” rating on the stock. Four analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $22.36.

Starwood Property Trust Stock Performance

Starwood Property Trust stock opened at $20.81 on Friday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.80. Starwood Property Trust, Inc. has a 1 year low of $17.07 and a 1 year high of $22.29. The company has a market cap of $6.59 billion, a PE ratio of 14.97 and a beta of 1.70. The company’s 50-day moving average is $20.09 and its two-hundred day moving average is $19.77.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, beating analysts’ consensus estimates of $0.44 by $0.04. The business had revenue of $489.80 million for the quarter, compared to the consensus estimate of $505.23 million. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. Starwood Property Trust’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same period last year, the company posted $0.47 EPS. Equities analysts anticipate that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be given a $0.48 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.23%. Starwood Property Trust’s dividend payout ratio 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.