Creative Planning Has $606,000 Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Creative Planning lowered its position in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 38.7% during the second quarter, HoldingsChannel.com reports. The fund owned 32,001 shares of the real estate investment trust’s stock after selling 20,206 shares during the quarter. Creative Planning’s holdings in Starwood Property Trust were worth $606,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC bought a new stake in Starwood Property Trust in the first quarter valued at $26,000. Altshuler Shaham Ltd acquired a new position in Starwood Property Trust during the 2nd quarter worth approximately $28,000. Salem Investment Counselors Inc. boosted its holdings in Starwood Property Trust by 80.0% in the first quarter. Salem Investment Counselors Inc. now owns 1,800 shares of the real estate investment trust’s stock worth $37,000 after acquiring an additional 800 shares in the last quarter. Future Financial Wealth Managment LLC acquired a new stake in Starwood Property Trust in the first quarter valued at approximately $44,000. Finally, GAMMA Investing LLC increased its holdings in shares of Starwood Property Trust by 54.1% during the second quarter. GAMMA Investing LLC now owns 2,263 shares of the real estate investment trust’s stock valued at $43,000 after acquiring an additional 794 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

Starwood Property Trust Stock Down 0.1 %

Shares of NYSE:STWD opened at $19.74 on Monday. 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 capitalization of $6.25 billion, a PE ratio of 18.11 and a beta of 1.70. The business has a fifty day moving average price of $20.09 and a two-hundred day moving average price of $19.73. 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 (NYSE:STWD) last announced its quarterly earnings data 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. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The business had revenue of $489.80 million for the quarter, compared to analyst estimates of $505.23 million. During the same quarter in the previous year, the firm posted $0.47 earnings per share. The company’s revenue for the quarter was down 5.0% on a year-over-year basis. Analysts forecast 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 announced a quarterly dividend, which will be paid on Tuesday, October 15th. Shareholders of record on Monday, September 30th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.73%. The ex-dividend date is Monday, September 30th. Starwood Property Trust’s dividend payout ratio is currently 176.15%.

Starwood Property Trust 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.