Oak Thistle LLC Raises Holdings in Starwood Property Trust, Inc. $STWD

Oak Thistle LLC increased its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 112.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 89,409 shares of the real estate investment trust’s stock after purchasing an additional 47,238 shares during the period. Oak Thistle LLC’s holdings in Starwood Property Trust were worth $1,732,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of STWD. Evolution Wealth Management Inc. purchased a new position in Starwood Property Trust during the second quarter worth $25,000. SVB Wealth LLC acquired a new stake in shares of Starwood Property Trust during the first quarter valued at $30,000. Financial Gravity Companies Inc. purchased a new stake in Starwood Property Trust during the 2nd quarter worth about $44,000. Smartleaf Asset Management LLC increased its position in Starwood Property Trust by 34.6% during the 1st quarter. Smartleaf Asset Management LLC now owns 2,531 shares of the real estate investment trust’s stock worth $50,000 after purchasing an additional 650 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. raised its stake in Starwood Property Trust by 1,650.7% in the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 3,729 shares of the real estate investment trust’s stock valued at $74,000 after purchasing an additional 3,516 shares during the last quarter. Institutional investors and hedge funds own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on STWD shares. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starwood Property Trust in a research note on Wednesday, October 8th. Zacks Research downgraded shares of Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research note on Wednesday, October 29th. Keefe, Bruyette & Woods lowered their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating for the company in a research note on Wednesday, November 12th. Finally, Wells Fargo & Company reduced their price target on Starwood Property Trust from $23.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 11th. Three investment analysts have rated the stock with a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Starwood Property Trust has a consensus rating of “Hold” and a consensus target price of $20.63.

Starwood Property Trust Price Performance

STWD opened at $18.50 on Thursday. Starwood Property Trust, Inc. has a 1 year low of $16.59 and a 1 year high of $21.05. The company’s 50 day simple moving average is $18.29 and its 200 day simple moving average is $19.46. The stock has a market capitalization of $6.85 billion, a PE ratio of 17.61 and a beta of 1.14. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.33 and a current ratio of 1.33.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Monday, November 10th. The real estate investment trust reported $0.40 earnings per share for the quarter, missing analysts’ consensus estimates of $0.44 by ($0.04). Starwood Property Trust had a return on equity of 8.41% and a net margin of 20.28%.The company had revenue of $247.87 million for the quarter, compared to analysts’ expectations of $479.70 million. During the same period in the prior year, the business earned $0.48 EPS. The business’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, sell-side analysts expect that Starwood Property Trust, Inc. will post 1.88 EPS for the current year.

Starwood Property Trust Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Wednesday, December 31st will be issued a $0.48 dividend. The ex-dividend date is Wednesday, December 31st. This represents a $1.92 dividend on an annualized basis and a yield of 10.4%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 182.86%.

Starwood Property Trust 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.