Van ECK Associates Corp Has $26.18 Million Stock Position in Starwood Property Trust, Inc. $STWD

Van ECK Associates Corp increased its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 12.2% in the second quarter, HoldingsChannel reports. The firm owned 1,598,413 shares of the real estate investment trust’s stock after buying an additional 174,156 shares during the period. Van ECK Associates Corp’s holdings in Starwood Property Trust were worth $26,182,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of STWD. Quantum Portfolio Management LLC raised its stake in Starwood Property Trust by 882,760.9% in the first quarter. Quantum Portfolio Management LLC now owns 112,176,302 shares of the real estate investment trust’s stock valued at $1,931,676,000 after buying an additional 112,163,596 shares during the period. BlackRock Inc. acquired a new position in shares of Starwood Property Trust during the 2nd quarter worth approximately $589,366,000. Geode Capital Management LLC increased its holdings in shares of Starwood Property Trust by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust’s stock worth $115,453,000 after acquiring an additional 148,740 shares during the last quarter. Northern Trust Corp raised its stake in Starwood Property Trust by 1.2% in the 3rd quarter. Northern Trust Corp now owns 5,387,358 shares of the real estate investment trust’s stock valued at $104,353,000 after acquiring an additional 64,178 shares during the period. Finally, Advisors Capital Management LLC bought a new stake in Starwood Property Trust in the 2nd quarter valued at $70,121,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on STWD. JPMorgan Chase & Co. cut their price target on Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating for the company in a report on Tuesday, August 18th. Keefe, Bruyette & Woods decreased their price objective 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 started coverage on shares of Starwood Property Trust in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $20.00 price objective on the stock. Wall Street Zen cut shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat.com, Starwood Property Trust presently has a consensus rating of “Moderate Buy” and an average target price of $19.20.

Starwood Property Trust Price Performance

Shares of NYSE STWD opened at $15.81 on Monday. The firm has a market cap of $5.85 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 2.08 and a beta of 0.98. The business’s 50 day moving average is $16.45 and its 200-day moving average is $17.18. 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 1-year low of $15.51 and a 1-year high of $20.84.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 firm’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.43 EPS. Equities research analysts predict that Starwood Property Trust, Inc. will post 1.4 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 12.1%. The ex-dividend date of this dividend was Tuesday, June 30th. Starwood Property Trust’s payout ratio is presently 325.42%.

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.