Diversify Wealth Management LLC Buys Shares of 84,358 Starwood Property Trust, Inc. $STWD

Diversify Wealth Management LLC acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD) during the first quarter, according to its most recent filing with the SEC. The firm acquired 84,358 shares of the real estate investment trust’s stock, valued at approximately $1,523,000.

A number of other institutional investors also recently added to or reduced their stakes in the business. Seneca House Advisors boosted its stake in shares of Starwood Property Trust by 6.3% in the first quarter. Seneca House Advisors now owns 621,728 shares of the real estate investment trust’s stock valued at $10,706,000 after buying an additional 36,886 shares in the last quarter. Sequoia Financial Advisors LLC boosted its position in shares of Starwood Property Trust by 98.1% in the 1st quarter. Sequoia Financial Advisors LLC now owns 28,989 shares of the real estate investment trust’s stock worth $499,000 after buying an additional 14,357 shares in the last quarter. Corrado Advisors LLC grew its position in shares of Starwood Property Trust by 11.0% in the first quarter. Corrado Advisors LLC now owns 115,711 shares of the real estate investment trust’s stock valued at $1,993,000 after purchasing an additional 11,438 shares during the last quarter. Carmel Capital Partners LLC grew its holdings in Starwood Property Trust by 8.9% during the 1st quarter. Carmel Capital Partners LLC now owns 197,863 shares of the real estate investment trust’s stock valued at $3,407,000 after buying an additional 16,187 shares during the last quarter. Finally, Hsbc Holdings PLC increased its position in Starwood Property Trust by 13.8% during the first quarter. Hsbc Holdings PLC now owns 12,341 shares of the real estate investment trust’s stock worth $213,000 after buying an additional 1,501 shares in the last quarter. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

Shares of STWD stock opened at $16.64 on Wednesday. The firm has a fifty day simple moving average of $16.96 and a 200-day simple moving average of $17.62. 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 company has a market capitalization of $6.17 billion, a PE ratio of 17.33, a price-to-earnings-growth ratio of 2.17 and a beta of 0.98. Starwood Property Trust, Inc. has a twelve month low of $16.29 and a twelve month high of $20.94.

Starwood Property Trust (NYSE:STWD) last announced its earnings results on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.03). Starwood Property Trust had a return on equity of 7.91% and a net margin of 18.11%.The business had revenue of $205.55 million for the quarter, compared to analysts’ expectations of $496.25 million. During the same period in the previous year, the firm posted $0.45 earnings per share. The firm’s revenue was up 22.5% compared to the same quarter last year. Equities research analysts anticipate that Starwood Property Trust, Inc. will post 1.55 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.92 annualized dividend and a yield of 11.5%. Starwood Property Trust’s dividend payout ratio is currently 200.00%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on STWD shares. Zacks Research raised Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Keefe, Bruyette & Woods decreased their price target on shares of Starwood Property Trust from $20.00 to $19.50 and set an “outperform” rating on the stock in a research note on Wednesday, May 13th. UBS Group started coverage on Starwood Property Trust in a report on Tuesday, June 2nd. They set a “buy” rating and a $20.00 price objective on the stock. Weiss Ratings downgraded shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a report on Monday, May 11th. Finally, Wall Street Zen downgraded Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, July 4th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Starwood Property Trust currently has an average rating of “Moderate Buy” and an average price target of $19.70.

About Starwood Property Trust

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.