Parallel Advisors LLC Buys 29,909 Shares of Starwood Property Trust, Inc. $STWD

Parallel Advisors LLC grew its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 51.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 88,594 shares of the real estate investment trust’s stock after purchasing an additional 29,909 shares during the period. Parallel Advisors LLC’s holdings in Starwood Property Trust were worth $1,716,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in STWD. DLD Asset Management LP bought a new stake in shares of Starwood Property Trust in the 2nd quarter worth approximately $692,415,000. Norges Bank acquired a new position in shares of Starwood Property Trust in the second quarter valued at $71,492,000. Vanguard Group Inc. lifted its position in Starwood Property Trust by 7.1% in the third quarter. Vanguard Group Inc. now owns 32,976,364 shares of the real estate investment trust’s stock worth $638,752,000 after purchasing an additional 2,193,085 shares during the period. Boston Partners boosted its stake in Starwood Property Trust by 124.4% during the second quarter. Boston Partners now owns 1,102,847 shares of the real estate investment trust’s stock worth $22,060,000 after buying an additional 611,303 shares in the last quarter. Finally, Ensign Peak Advisors Inc boosted its stake in Starwood Property Trust by 469.1% during the second quarter. Ensign Peak Advisors Inc now owns 685,017 shares of the real estate investment trust’s stock worth $13,748,000 after buying an additional 564,651 shares in the last quarter. Institutional investors own 49.82% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on STWD. Zacks Research upgraded shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Monday, January 12th. Wells Fargo & Company lowered their target price on shares of Starwood Property Trust from $22.00 to $21.00 and set an “outperform” rating on the stock in a research note on Thursday, February 26th. Bank of America reissued a “neutral” rating and issued a $19.00 price target on shares of Starwood Property Trust in a research report on Friday. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Starwood Property Trust in a report on Wednesday, January 21st. Finally, Keefe, Bruyette & Woods lowered their price objective on Starwood Property Trust from $20.50 to $20.00 and set an “outperform” rating on the stock in a research note on Monday, March 2nd. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $19.90.

Starwood Property Trust Trading Down 0.3%

Shares of STWD stock opened at $17.90 on Tuesday. The company has a market capitalization of $6.63 billion, a P/E ratio of 15.43 and a beta of 1.10. Starwood Property Trust, Inc. has a 12-month low of $16.59 and a 12-month high of $21.05. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 3.10. The firm has a 50-day moving average price of $18.13 and a 200 day moving average price of $18.66.

Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings data on Wednesday, February 25th. The real estate investment trust reported $0.42 earnings per share for the quarter, topping the consensus estimate of $0.41 by $0.01. The firm had revenue of $492.95 million for the quarter, compared to analysts’ expectations of $469.53 million. Starwood Property Trust had a net margin of 22.32% and a return on equity of 8.16%. The company’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.48 earnings per share. Research analysts forecast that Starwood Property Trust, Inc. will post 1.88 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Wednesday, December 31st were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 10.7%. The ex-dividend date of this dividend was Wednesday, December 31st. Starwood Property Trust’s dividend payout ratio (DPR) is currently 165.52%.

Starwood Property Trust declared that its board has initiated a share buyback plan on Thursday, February 26th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the real estate investment trust to purchase up to 6.1% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s leadership believes its stock is undervalued.

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.