Cubist Systematic Strategies LLC Buys New Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

Cubist Systematic Strategies LLC bought a new stake in Starwood Property Trust, Inc. (NYSE:STWD) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 12,892 shares of the real estate investment trust’s stock, valued at approximately $244,000.

A number of other large investors have also modified their holdings of STWD. Vanguard Group Inc. raised its stake in shares of Starwood Property Trust by 0.3% in the fourth quarter. Vanguard Group Inc. now owns 28,852,499 shares of the real estate investment trust’s stock valued at $606,480,000 after purchasing an additional 72,461 shares in the last quarter. Leo Wealth LLC bought a new stake in Starwood Property Trust in the fourth quarter valued at $546,000. B. Riley Wealth Advisors Inc. grew its position in Starwood Property Trust by 3.5% in the fourth quarter. B. Riley Wealth Advisors Inc. now owns 147,238 shares of the real estate investment trust’s stock valued at $3,166,000 after acquiring an additional 4,976 shares during the period. Quadrature Capital Ltd bought a new stake in Starwood Property Trust in the fourth quarter valued at $239,000. Finally, Kapitalo Investimentos Ltda bought a new stake in Starwood Property Trust in the fourth quarter valued at $49,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Starwood Property Trust Price Performance

Shares of STWD opened at $20.00 on Tuesday. The company has a current ratio of 1.84, a quick ratio of 1.84 and a debt-to-equity ratio of 2.80. The stock has a market cap of $6.33 billion, a P/E ratio of 18.34 and a beta of 1.70. The stock’s 50-day moving average price is $20.11 and its two-hundred day moving average price is $19.73. 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 issued its earnings results on Tuesday, August 6th. The real estate investment trust reported $0.48 EPS for the quarter, beating the consensus estimate of $0.44 by $0.04. The firm had revenue of $489.80 million during 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%. The business’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. On average, equities analysts predict that Starwood Property Trust, Inc. will post 1.89 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.60%. The ex-dividend date of this dividend is Monday, September 30th. Starwood Property Trust’s payout ratio is presently 176.15%.

Wall Street Analyst Weigh In

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

About Starwood Property Trust

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.