DekaBank Deutsche Girozentrale Acquires Shares of 74,500 Starwood Property Trust (STWD)
DekaBank Deutsche Girozentrale acquired a new position in shares of Starwood Property Trust (NYSE:STWD) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 74,500 shares of the real estate investment trust’s stock, valued at approximately $1,550,000.
Several other large investors have also added to or reduced their stakes in STWD. Assetmark Inc. lifted its holdings in Starwood Property Trust by 465.2% during the 4th quarter. Assetmark Inc. now owns 5,319 shares of the real estate investment trust’s stock valued at $114,000 after purchasing an additional 4,378 shares during the last quarter. American International Group Inc. bought a new position in Starwood Property Trust during the 4th quarter valued at about $114,000. First Manhattan Co. lifted its holdings in Starwood Property Trust by 38.3% during the 4th quarter. First Manhattan Co. now owns 8,885 shares of the real estate investment trust’s stock valued at $189,000 after purchasing an additional 2,460 shares during the last quarter. CAPROCK Group Inc. bought a new position in Starwood Property Trust during the 4th quarter valued at about $230,000. Finally, Ballentine Partners LLC bought a new position in Starwood Property Trust during the 4th quarter valued at about $240,000. 69.26% of the stock is owned by institutional investors.
STWD has been the subject of several analyst reports. Zacks Investment Research raised shares of Starwood Property Trust from a “hold” rating to a “buy” rating and set a $23.00 price target for the company in a report on Thursday, April 5th. B. Riley reissued a “buy” rating and set a $24.00 price target on shares of Starwood Property Trust in a report on Thursday, January 25th. ValuEngine downgraded shares of Starwood Property Trust from a “buy” rating to a “hold” rating in a report on Wednesday, May 2nd. Raymond James initiated coverage on shares of Starwood Property Trust in a report on Tuesday, March 27th. They set an “outperform” rating and a $24.00 price target for the company. Finally, Wood & Company initiated coverage on shares of Starwood Property Trust in a report on Tuesday, March 27th. They set an “outperform” rating for the company. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus target price of $24.00.
Starwood Property Trust (NYSE:STWD) last announced its earnings results on Friday, May 4th. The real estate investment trust reported $0.58 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.53 by $0.05. Starwood Property Trust had a net margin of 42.30% and a return on equity of 13.05%. The company had revenue of $260.59 million during the quarter, compared to the consensus estimate of $252.10 million. During the same period in the previous year, the firm posted $0.51 earnings per share. The company’s revenue was up 31.1% on a year-over-year basis. equities research analysts expect that Starwood Property Trust will post 2.11 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, July 13th. Shareholders of record on Friday, June 29th will be paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.93%. The ex-dividend date is Thursday, June 28th. Starwood Property Trust’s dividend payout ratio is presently 88.89%.
About Starwood Property Trust
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.
Want to see what other hedge funds are holding STWD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Starwood Property Trust (NYSE:STWD).
Receive News & Ratings for Starwood Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starwood Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.