MidFirst Bank Takes Position in Starwood Property Trust, Inc. $STWD

MidFirst Bank bought a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund bought 46,000 shares of the real estate investment trust’s stock, valued at approximately $753,000.

A number of other hedge funds and other institutional investors have also modified their holdings of STWD. CENTRAL TRUST Co boosted its holdings in Starwood Property Trust by 154.4% in the fourth quarter. CENTRAL TRUST Co now owns 1,496 shares of the real estate investment trust’s stock valued at $27,000 after purchasing an additional 908 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Starwood Property Trust during the 4th quarter worth approximately $28,000. Versant Capital Management Inc increased its holdings in Starwood Property Trust by 293.2% during the 2nd quarter. Versant Capital Management Inc now owns 1,954 shares of the real estate investment trust’s stock worth $32,000 after purchasing an additional 1,457 shares during the last quarter. North Star Investment Management Corp. raised its position in shares of Starwood Property Trust by 1,605.0% in the 1st quarter. North Star Investment Management Corp. now owns 3,410 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 3,210 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its position in shares of Starwood Property Trust by 169.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 3,266 shares of the real estate investment trust’s stock valued at $59,000 after purchasing an additional 2,053 shares in the last quarter. 49.82% of the stock is owned by hedge funds and other institutional investors.

Starwood Property Trust Trading Down 0.2%

NYSE:STWD opened at $16.27 on Tuesday. The company has a market cap of $6.02 billion, a PE ratio of 27.58, a P/E/G ratio of 2.20 and a beta of 0.98. The business’s 50 day moving average is $16.58 and its two-hundred day moving average is $17.30. The company has a quick ratio of 1.46, a current ratio of 1.46 and a debt-to-equity ratio of 3.47. Starwood Property Trust, Inc. has a 52 week low of $15.51 and a 52 week high of $20.84.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.40. The business had revenue of $201.42 million during the quarter, compared to the consensus estimate 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 quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 EPS. On average, analysts predict that Starwood Property Trust, Inc. will post 1.51 EPS for the current year.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 11.8%. The ex-dividend date of this dividend was Tuesday, June 30th. Starwood Property Trust’s dividend payout ratio is 325.42%.

Analysts Set New Price Targets

STWD has been the subject of a number of recent analyst reports. Wells Fargo & Company set a $20.00 price target on shares of Starwood Property Trust in a research report on Monday. Keefe, Bruyette & Woods cut their price target on shares of Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating on the stock in a report on Friday, August 7th. UBS Group assumed coverage on shares of Starwood Property Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $20.00 price objective on the stock. Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Starwood Property Trust in a research report on Friday, August 7th. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.30.

Starwood Property Trust Profile

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.