International Assets Investment Management LLC Acquires 4,680 Shares of Starwood Property Trust, Inc. (NYSE:STWD)

International Assets Investment Management LLC grew its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 32.8% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 18,955 shares of the real estate investment trust’s stock after purchasing an additional 4,680 shares during the period. International Assets Investment Management LLC’s holdings in Starwood Property Trust were worth $359,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. BNP Paribas Financial Markets boosted its stake in shares of Starwood Property Trust by 615.8% during the 4th quarter. BNP Paribas Financial Markets now owns 149,339 shares of the real estate investment trust’s stock worth $3,139,000 after buying an additional 128,477 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of Starwood Property Trust by 77.1% in the fourth quarter. Brown Advisory Inc. now owns 105,596 shares of the real estate investment trust’s stock valued at $2,220,000 after buying an additional 45,983 shares in the last quarter. Victory Capital Management Inc. raised its position in Starwood Property Trust by 233.4% during the fourth quarter. Victory Capital Management Inc. now owns 180,403 shares of the real estate investment trust’s stock worth $3,792,000 after acquiring an additional 126,298 shares in the last quarter. Cibc World Markets Corp acquired a new position in shares of Starwood Property Trust during the 4th quarter worth about $2,091,000. Finally, Norges Bank acquired a new stake in Starwood Property Trust in the 4th quarter valued at about $62,447,000. Institutional investors own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

NYSE:STWD opened at $20.84 on Friday. The company has a debt-to-equity ratio of 2.80, a quick ratio of 1.84 and a current ratio of 1.84. Starwood Property Trust, Inc. has a fifty-two week low of $17.07 and a fifty-two week high of $22.29. The company has a market cap of $6.60 billion, a price-to-earnings ratio of 14.99 and a beta of 1.69. The stock has a fifty day moving average price of $19.71 and a 200-day moving average price of $19.70.

Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings data on Tuesday, August 6th. The real estate investment trust reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.44 by $0.04. Starwood Property Trust had a net margin of 17.05% and a return on equity of 10.03%. The business had revenue of $489.80 million during the quarter, compared to analysts’ expectations of $505.23 million. During the same quarter in the prior year, the business posted $0.47 earnings per share. Starwood Property Trust’s revenue was down 5.0% compared to the same quarter last year. As a group, equities analysts anticipate that Starwood Property Trust, Inc. will post 1.91 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Monday, September 30th will be issued a $0.48 dividend. The ex-dividend date is Monday, September 30th. This represents a $1.92 dividend on an annualized basis and a yield of 9.22%. Starwood Property Trust’s dividend payout ratio (DPR) is presently 138.13%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wolfe Research began coverage on Starwood Property Trust in a research note on Tuesday, June 25th. They issued a “peer perform” rating on the stock. Keefe, Bruyette & Woods raised their price target on Starwood Property Trust from $20.00 to $20.50 and gave the company a “market perform” rating in a report on Friday, August 9th. JPMorgan Chase & Co. upped their price objective on shares of Starwood Property Trust from $20.00 to $20.50 and gave the company an “overweight” rating in a report on Tuesday, July 16th. Raymond James dropped their price objective on shares of Starwood Property Trust from $23.50 to $23.00 and set a “strong-buy” rating on the stock in a research report on Thursday, May 16th. Finally, BTIG Research reiterated a “buy” rating and issued a $24.00 price target on shares of Starwood Property Trust in a research note on Friday, July 19th. Five research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, Starwood Property Trust presently has a consensus rating of “Moderate Buy” and a consensus price target of $21.79.

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.