Everence Capital Management Inc. Acquires New Shares in Starwood Property Trust, Inc. (NYSE:STWD)

Everence Capital Management Inc. bought a new stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the fourth quarter, Holdings Channel reports. The fund bought 10,140 shares of the real estate investment trust’s stock, valued at approximately $192,000.

Other large investors have also modified their holdings of the company. Altshuler Shaham Ltd purchased a new stake in shares of Starwood Property Trust during the second quarter valued at about $28,000. Future Financial Wealth Managment LLC bought a new position in shares of Starwood Property Trust during the 3rd quarter worth approximately $34,000. Quarry LP purchased a new stake in Starwood Property Trust during the second quarter valued at approximately $36,000. Godsey & Gibb Inc. purchased a new position in Starwood Property Trust in the third quarter worth $41,000. Finally, Point72 DIFC Ltd acquired a new position in shares of Starwood Property Trust during the third quarter worth $55,000. Institutional investors own 49.82% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on STWD. JPMorgan Chase & Co. reduced their target price on Starwood Property Trust from $20.50 to $20.00 and set an “overweight” rating on the stock in a research report on Thursday, November 7th. UBS Group increased their price objective on shares of Starwood Property Trust from $19.50 to $20.00 and gave the company a “neutral” rating in a research report on Friday, November 15th. JMP Securities dropped their target price on shares of Starwood Property Trust from $24.00 to $23.00 and set a “market outperform” rating on the stock in a research report on Thursday, November 7th. Finally, Wells Fargo & Company raised their target price 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, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $22.25.

Starwood Property Trust Stock Down 0.9 %

Shares of STWD stock opened at $18.82 on Friday. Starwood Property Trust, Inc. has a twelve month low of $18.43 and a twelve month high of $21.22. The stock has a market cap of $6.35 billion, a P/E ratio of 16.09 and a beta of 1.69. The stock has a 50 day moving average of $19.65 and a 200 day moving average of $19.82. The company has a current ratio of 1.79, a quick ratio of 1.79 and a debt-to-equity ratio of 2.61.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Wednesday, November 6th. The real estate investment trust reported $0.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.05. The firm had revenue of $479.50 million during the quarter, compared to analysts’ expectations of $488.63 million. Starwood Property Trust had a net margin of 18.82% and a return on equity of 9.93%. The business’s revenue was down 8.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.46 EPS. As a group, sell-side analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Tuesday, December 31st will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.20%. The ex-dividend date of this dividend is Tuesday, December 31st. Starwood Property Trust’s dividend payout ratio (DPR) is presently 164.10%.

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.