95,758 Shares in Starwood Property Trust, Inc. $STWD Purchased by Diversify Advisory Services LLC

Diversify Advisory Services LLC acquired a new position in Starwood Property Trust, Inc. (NYSE:STWD) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 95,758 shares of the real estate investment trust’s stock, valued at approximately $1,588,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Quantum Portfolio Management LLC boosted its position in shares of Starwood Property Trust by 882,760.9% in the 1st quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust’s stock worth $1,931,676,000 after purchasing an additional 112,163,596 shares in the last quarter. BlackRock Inc. bought a new position in Starwood Property Trust during the 2nd quarter valued at approximately $589,366,000. Norges Bank bought a new position in Starwood Property Trust during the 4th quarter valued at approximately $75,177,000. Bank of New York Mellon Corp purchased a new position in Starwood Property Trust during the second quarter valued at $38,498,000. Finally, Advisors Capital Management LLC raised its stake in Starwood Property Trust by 157.3% during the fourth quarter. Advisors Capital Management LLC now owns 3,702,935 shares of the real estate investment trust’s stock valued at $66,690,000 after buying an additional 2,263,856 shares during the last quarter. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

Shares of STWD opened at $16.53 on Thursday. The business’s fifty day simple moving average is $16.55 and its two-hundred day simple moving average is $17.28. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 3.47. Starwood Property Trust, Inc. has a 12 month low of $15.51 and a 12 month high of $20.84. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 28.02, a P/E/G ratio of 1.98 and a beta of 0.98.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, hitting the consensus estimate of $0.40. The firm had revenue of $201.42 million during 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 company’s revenue was up 15.6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.43 earnings per share. Research analysts anticipate that Starwood Property Trust, Inc. will post 1.51 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were given a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, June 30th. This represents a $1.92 dividend on an annualized basis and a yield of 11.6%. Starwood Property Trust’s payout ratio is 325.42%.

Analysts Set New Price Targets

A number of research firms have recently commented on STWD. Keefe, Bruyette & Woods cut their target price on Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating on the stock in a research note on Friday, August 7th. Wells Fargo & Company set a $20.00 price target on Starwood Property Trust in a research report on Monday. Weiss Ratings reiterated a “hold (c-)” rating on shares of Starwood Property Trust in a research note on Friday, August 7th. JPMorgan Chase & Co. cut their price objective on shares of Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a research report on Tuesday. Finally, UBS Group started 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 for the company. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $19.20.

Starwood Property Trust Company 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.