GAMMA Investing LLC Increases Holdings in Starwood Property Trust, Inc. (NYSE:STWD)

GAMMA Investing LLC grew its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 33.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,025 shares of the real estate investment trust’s stock after buying an additional 762 shares during the quarter. GAMMA Investing LLC’s holdings in Starwood Property Trust were worth $62,000 at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Starwood Property Trust by 0.3% during the 4th 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 during the last quarter. Quadrature Capital Ltd bought a new position in Starwood Property Trust during the 4th quarter valued at about $239,000. Kapitalo Investimentos Ltda bought a new position in Starwood Property Trust during the 4th quarter valued at about $49,000. Alaska Permanent Fund Corp grew its holdings in Starwood Property Trust by 3.3% during the 1st quarter. Alaska Permanent Fund Corp now owns 126,634 shares of the real estate investment trust’s stock valued at $2,574,000 after purchasing an additional 4,104 shares during the last quarter. Finally, Walker Asset Management LLC bought a new position in Starwood Property Trust during the 1st quarter valued at about $206,000. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

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

Starwood Property Trust Price Performance

Shares of STWD stock opened at $20.32 on Thursday. The company’s 50-day simple moving average is $20.15 and its two-hundred day simple moving average is $19.73. Starwood Property Trust, Inc. has a one year low of $17.07 and a one year high of $22.29. The company has a market capitalization of $6.42 billion, a P/E ratio of 14.62 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 (NYSE:STWD) last issued its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.04. The company had revenue of $489.80 million for 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%. Starwood Property Trust’s revenue was down 5.0% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. As a group, equities analysts anticipate that Starwood Property Trust, Inc. will post 1.89 EPS for the current year.

Starwood Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 15th. Investors of record on Monday, September 30th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.45%. The ex-dividend date of this dividend was Monday, September 30th. Starwood Property Trust’s 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.