Kingsview Wealth Management LLC Acquires New Holdings in Starwood Property Trust, Inc. $STWD

Kingsview Wealth Management LLC bought a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) in the second quarter, HoldingsChannel reports. The firm bought 47,381 shares of the real estate investment trust’s stock, valued at approximately $776,000.

Several other hedge funds have also recently bought and sold shares of the stock. Quantum Portfolio Management LLC raised its holdings in shares of Starwood Property Trust by 882,760.9% during the first 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 acquiring an additional 112,163,596 shares during the period. BlackRock Inc. acquired a new position in Starwood Property Trust in the 2nd quarter worth $589,366,000. Advisors Capital Management LLC bought a new position in Starwood Property Trust during the 2nd quarter worth about $70,121,000. Norges Bank bought a new position in Starwood Property Trust during the 4th quarter worth about $75,177,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of Starwood Property Trust in the 2nd quarter valued at about $38,498,000. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on STWD shares. UBS Group started coverage on Starwood Property Trust in a research report on Tuesday, June 2nd. They set a “buy” rating and a $20.00 price objective for the company. Keefe, Bruyette & Woods dropped their target price on Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating on the stock in a research report on Friday, August 7th. Zacks Research upgraded Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research note on Thursday, June 25th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Starwood Property Trust in a research report on Friday, August 7th. Finally, 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. Four investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $19.20.

Starwood Property Trust Stock Performance

Starwood Property Trust stock opened at $15.81 on Monday. The firm has a 50-day moving average of $16.45 and a 200-day moving average of $17.18. Starwood Property Trust, Inc. has a one year low of $15.51 and a one year high of $20.84. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.46 and a quick ratio of 1.46. The company has a market cap of $5.85 billion, a price-to-earnings ratio of 26.80, a P/E/G ratio of 2.08 and a beta of 0.98.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.40 earnings per share for the quarter, meeting the consensus estimate of $0.40. The company 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%.Starwood Property Trust’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.43 EPS. On average, equities analysts expect that Starwood Property Trust, Inc. will post 1.4 earnings per share for the current fiscal year.

Starwood Property Trust Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 12.1%. The ex-dividend date was Tuesday, June 30th. Starwood Property Trust’s dividend payout ratio (DPR) is currently 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.