Adell Harriman & Carpenter Inc. Has $5.82 Million Position in Starwood Property Trust, Inc. $STWD

Adell Harriman & Carpenter Inc. increased its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 10.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 300,657 shares of the real estate investment trust’s stock after purchasing an additional 28,066 shares during the quarter. Adell Harriman & Carpenter Inc. owned approximately 0.08% of Starwood Property Trust worth $5,824,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Evolution Wealth Management Inc. acquired a new position in shares of Starwood Property Trust during the second quarter worth $25,000. Cloud Capital Management LLC acquired a new stake in shares of Starwood Property Trust during the 3rd quarter valued at $29,000. Orion Capital Management LLC bought a new stake in Starwood Property Trust during the 3rd quarter worth $39,000. Financial Gravity Companies Inc. acquired a new position in Starwood Property Trust in the 2nd quarter worth about $44,000. Finally, Cullen Frost Bankers Inc. raised its position in Starwood Property Trust by 603.2% in the third quarter. Cullen Frost Bankers Inc. now owns 3,305 shares of the real estate investment trust’s stock valued at $64,000 after purchasing an additional 2,835 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Stock Up 1.4%

Starwood Property Trust stock opened at $18.09 on Wednesday. The company has a market capitalization of $6.70 billion, a PE ratio of 17.22 and a beta of 1.13. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.05. The firm’s fifty day moving average is $18.31 and its 200 day moving average is $18.96. The company has a quick ratio of 1.33, a current ratio of 1.33 and a debt-to-equity ratio of 2.98.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Monday, November 10th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing the consensus estimate of $0.44 by ($0.04). The company had revenue of $247.87 million for the quarter, compared to analyst estimates of $479.70 million. Starwood Property Trust had a net margin of 20.28% and a return on equity of 8.41%. Starwood Property Trust’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.48 EPS. As a group, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current fiscal year.

Starwood Property Trust Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Wednesday, December 31st were issued a $0.48 dividend. The ex-dividend date was Wednesday, December 31st. This represents a $1.92 annualized dividend and a yield of 10.6%. Starwood Property Trust’s dividend payout ratio is presently 182.86%.

Analysts Set New Price Targets

Several research firms have recently weighed in on STWD. Wells Fargo & Company reduced their price target on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday, November 11th. Keefe, Bruyette & Woods reduced their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a report on Wednesday, November 12th. Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Finally, Weiss Ratings reiterated a “hold (c)” rating on shares of Starwood Property Trust in a report on Wednesday, January 21st. Three analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Starwood Property Trust currently has an average rating of “Moderate Buy” and an average price target of $20.63.

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.