Baird Financial Group Inc. purchased a new stake in Starwood Property Trust, Inc. (NYSE:STWD) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 9,521 shares of the real estate investment trust’s stock, valued at approximately $207,000.

A number of other hedge funds have also modified their holdings of the business. LSV Asset Management boosted its position in Starwood Property Trust by 3.3% in the 2nd quarter. LSV Asset Management now owns 5,657,722 shares of the real estate investment trust’s stock valued at $122,829,000 after buying an additional 178,413 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in shares of Starwood Property Trust by 2.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 3,002,707 shares of the real estate investment trust’s stock valued at $65,190,000 after purchasing an additional 76,362 shares in the last quarter. Acadian Asset Management LLC raised its holdings in shares of Starwood Property Trust by 296.9% in the 2nd quarter. Acadian Asset Management LLC now owns 2,931,460 shares of the real estate investment trust’s stock valued at $63,643,000 after purchasing an additional 2,192,931 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of Starwood Property Trust by 121.2% in the 2nd quarter. Renaissance Technologies LLC now owns 2,313,484 shares of the real estate investment trust’s stock valued at $50,226,000 after purchasing an additional 1,267,400 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its holdings in shares of Starwood Property Trust by 2.9% in the 1st quarter. Nuveen Asset Management LLC now owns 2,283,002 shares of the real estate investment trust’s stock valued at $47,829,000 after purchasing an additional 65,248 shares in the last quarter. 66.12% of the stock is owned by institutional investors.

Shares of STWD opened at $21.88 on Monday. Starwood Property Trust, Inc. has a twelve month low of $19.47 and a twelve month high of $23.04. The firm has a market capitalization of $5.84 billion, a PE ratio of 10.13, a PEG ratio of 2.05 and a beta of 0.31. The company has a current ratio of 2.00, a quick ratio of 2.00 and a debt-to-equity ratio of 1.82.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Wednesday, August 8th. The real estate investment trust reported $0.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.53 by $0.01. Starwood Property Trust had a net margin of 39.03% and a return on equity of 13.19%. The business had revenue of $307.20 million for the quarter, compared to analyst estimates of $257.88 million. During the same period last year, the business earned $0.52 EPS. The company’s revenue was up 45.2% on a year-over-year basis. equities analysts expect that Starwood Property Trust, Inc. will post 2.13 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Friday, September 28th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, September 27th. This represents a $1.92 annualized dividend and a yield of 8.78%. Starwood Property Trust’s dividend payout ratio is currently 88.89%.

A number of brokerages have recently weighed in on STWD. ValuEngine lowered shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Tuesday, September 4th. Credit Suisse Group raised their price objective on shares of Starwood Property Trust from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Tuesday, August 21st. Finally, JPMorgan Chase & Co. began coverage on shares of Starwood Property Trust in a report on Friday. They issued an “overweight” rating and a $23.00 price objective on the stock. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $24.00.

Starwood Property Trust Company Profile

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.

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Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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