Concurrent Investment Advisors LLC Has $3.34 Million Stock Holdings in Starwood Property Trust, Inc. $STWD

Concurrent Investment Advisors LLC raised its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 12.2% during the 2nd quarter, Holdings Channel reports. The institutional investor owned 166,579 shares of the real estate investment trust’s stock after purchasing an additional 18,049 shares during the quarter. Concurrent Investment Advisors LLC’s holdings in Starwood Property Trust were worth $3,343,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in STWD. Kingstone Capital Partners Texas LLC acquired a new position in Starwood Property Trust in the 2nd quarter valued at approximately $765,811,000. Boston Partners acquired a new position in Starwood Property Trust in the 1st quarter valued at approximately $9,643,000. HighTower Advisors LLC increased its stake in Starwood Property Trust by 10.7% in the 1st quarter. HighTower Advisors LLC now owns 1,993,652 shares of the real estate investment trust’s stock valued at $39,414,000 after buying an additional 193,417 shares during the period. Northern Trust Corp increased its stake in Starwood Property Trust by 3.6% in the 1st quarter. Northern Trust Corp now owns 5,479,313 shares of the real estate investment trust’s stock valued at $108,326,000 after buying an additional 192,283 shares during the period. Finally, Great Lakes Advisors LLC acquired a new position in Starwood Property Trust in the 1st quarter valued at approximately $3,711,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Price Performance

NYSE STWD opened at $18.73 on Tuesday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 2.90. Starwood Property Trust, Inc. has a 1 year low of $16.59 and a 1 year high of $21.05. The company has a fifty day simple moving average of $19.90 and a 200 day simple moving average of $19.71. The company has a market cap of $6.87 billion, a P/E ratio of 17.18 and a beta of 1.29.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Thursday, August 7th. The real estate investment trust reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.41 by $0.02. Starwood Property Trust had a net margin of 20.58% and a return on equity of 8.72%. The firm had revenue of $444.28 million during the quarter, compared to the consensus estimate of $477.00 million. During the same period in the prior year, the firm earned $0.48 EPS. The business’s revenue was down 9.3% on a year-over-year basis. On average, sell-side analysts predict that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 15th. Shareholders of record on Tuesday, September 30th will be issued a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 10.3%. Starwood Property Trust’s dividend payout ratio is 176.15%.

Analysts Set New Price Targets

Several research analysts have weighed in on the stock. Wall Street Zen upgraded shares of Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Saturday, August 9th. Keefe, Bruyette & Woods increased their price target on shares of Starwood Property Trust from $21.00 to $22.00 and gave the stock an “outperform” rating in a research note on Thursday, July 10th. Zacks Research lowered shares of Starwood Property Trust from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, September 30th. UBS Group increased their price target on shares of Starwood Property Trust from $19.50 to $20.00 and gave the stock a “neutral” rating in a research note on Tuesday, July 15th. Finally, Weiss Ratings restated a “hold (c)” rating on shares of Starwood Property Trust in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat, Starwood Property Trust presently has a consensus rating of “Moderate Buy” and a consensus target price of $21.13.

Starwood Property Trust Company Profile

Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and internationally. The company operates through Commercial and Residential Lending, Infrastructure Lending, Property, and Investing and Servicing segments. The Commercial and Residential Lending segment originates, acquires, finances, and manages commercial first mortgages, non-agency residential mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), and residential mortgage-backed securities, as well as other real estate and real estate-related debt investments, include distressed or non-performing loans.