31,608 Shares in Starwood Property Trust, Inc. $STWD Acquired by New York Life Investment Management LLC

New York Life Investment Management LLC bought a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) in the fourth quarter, HoldingsChannel.com reports. The firm bought 31,608 shares of the real estate investment trust’s stock, valued at approximately $569,000.

A number of other hedge funds also recently bought and sold shares of STWD. AQR Capital Management LLC lifted its holdings in Starwood Property Trust by 70.1% during the first quarter. AQR Capital Management LLC now owns 36,396 shares of the real estate investment trust’s stock worth $720,000 after buying an additional 15,001 shares during the period. NewEdge Advisors LLC lifted its holdings in Starwood Property Trust by 23.9% during the first quarter. NewEdge Advisors LLC now owns 19,606 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 3,784 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in Starwood Property Trust by 99.8% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,450 shares of the real estate investment trust’s stock worth $150,000 after buying an additional 3,721 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Starwood Property Trust by 42.7% during the second quarter. EverSource Wealth Advisors LLC now owns 5,535 shares of the real estate investment trust’s stock worth $111,000 after buying an additional 1,657 shares during the period. Finally, Baird Financial Group Inc. lifted its holdings in Starwood Property Trust by 3.3% during the second quarter. Baird Financial Group Inc. now owns 113,306 shares of the real estate investment trust’s stock worth $2,274,000 after buying an additional 3,577 shares during the period. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of STWD opened at $17.15 on Thursday. Starwood Property Trust, Inc. has a 12 month low of $16.81 and a 12 month high of $21.05. The stock has a fifty day moving average price of $17.65 and a 200-day moving average price of $17.99. The company has a current ratio of 1.57, a quick ratio of 1.57 and a debt-to-equity ratio of 3.31. The firm has a market cap of $6.36 billion, a PE ratio of 17.86, a P/E/G ratio of 2.20 and a beta of 1.02.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Friday, May 8th. The real estate investment trust reported $0.39 EPS for the quarter, missing the consensus estimate of $0.42 by ($0.03). Starwood Property Trust had a net margin of 18.11% and a return on equity of 7.91%. The business had revenue of $205.55 million for the quarter, compared to analysts’ expectations of $496.25 million. During the same quarter in the prior year, the company posted $0.45 EPS. The business’s revenue for the quarter was up 22.5% on a year-over-year basis. Equities research analysts predict that Starwood Property Trust, Inc. will post 1.69 earnings per share for the current fiscal year.

Starwood Property Trust declared that its board has initiated a stock repurchase plan on Thursday, February 26th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the real estate investment trust to purchase up to 6.1% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 15th. Investors of record on Tuesday, March 31st were given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 11.2%. The ex-dividend date of this dividend was Tuesday, March 31st. Starwood Property Trust’s dividend payout ratio is presently 200.00%.

Insider Activity

In related news, Director Jeffrey G. Dishner sold 7,013 shares of the company’s stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $17.13, for a total value of $120,132.69. Following the transaction, the director directly owned 168,152 shares of the company’s stock, valued at $2,880,443.76. This represents a 4.00% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on STWD shares. JPMorgan Chase & Co. lowered their target price on Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a report on Thursday, April 16th. Keefe, Bruyette & Woods lowered their target price on Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating for the company in a report on Wednesday, May 13th. Weiss Ratings lowered Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Wells Fargo & Company decreased their price objective on Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a report on Thursday, February 26th. Finally, Bank of America reiterated a “neutral” rating and set a $19.00 price objective on shares of Starwood Property Trust in a report on Friday, March 6th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $19.70.

Starwood Property Trust Profile

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.