Freestone Grove Partners LP Acquires New Position in Starwood Property Trust, Inc. $STWD

Freestone Grove Partners LP bought a new position in Starwood Property Trust, Inc. (NYSE:STWD) in the second quarter, Holdings Channel reports. The institutional investor bought 49,611 shares of the real estate investment trust’s stock, valued at approximately $813,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Jupiter Topco LLC bought a new position in Starwood Property Trust during the second quarter valued at approximately $2,586,000. Hsbc Holdings PLC bought a new stake in shares of Starwood Property Trust in the 2nd quarter worth approximately $171,000. Legal & General Group Plc purchased a new stake in shares of Starwood Property Trust in the 2nd quarter valued at $7,353,000. The Manufacturers Life Insurance Company purchased a new stake in shares of Starwood Property Trust in the 2nd quarter valued at $4,488,000. Finally, Cetera Trust Company N.A bought a new position in shares of Starwood Property Trust during the 2nd quarter valued at $188,000. Hedge funds and other institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Trading Down 0.8%

STWD opened at $15.81 on Friday. Starwood Property Trust, Inc. has a one year low of $15.51 and a one year high of $20.84. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.46 and a quick ratio of 1.46. The business has a 50 day simple moving average of $16.45 and a two-hundred day simple moving average of $17.19. The firm has a market capitalization of $5.85 billion, a price-to-earnings ratio of 26.80, a PEG ratio of 2.08 and a beta of 0.98.

Starwood Property Trust (NYSE:STWD) last posted its earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.40. The firm had revenue of $201.42 million for the quarter, compared to analysts’ expectations of $521.67 million. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.The business’s revenue was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 earnings per share. Analysts predict that Starwood Property Trust, Inc. will post 1.4 EPS for the current year.

Starwood Property Trust Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.48 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.92 annualized dividend and a yield of 12.1%. Starwood Property Trust’s dividend payout ratio is 325.42%.

Wall Street Analyst Weigh In

STWD has been the topic of a number of analyst reports. UBS Group started coverage on shares of Starwood Property Trust in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $20.00 target price on the stock. Wall Street Zen lowered shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Zacks Research raised Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Keefe, Bruyette & Woods decreased their price objective on Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating on the stock in a report on Friday, August 7th. Finally, Wells Fargo & Company set a $20.00 target price on Starwood Property Trust in a research note on Monday, August 17th. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $19.20.

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.