Adams Asset Advisors LLC Acquires 97,452 Shares of Starwood Property Trust, Inc. $STWD

Adams Asset Advisors LLC raised its holdings in Starwood Property Trust, Inc. (NYSE:STWD) by 48.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 299,901 shares of the real estate investment trust’s stock after buying an additional 97,452 shares during the quarter. Adams Asset Advisors LLC owned about 0.08% of Starwood Property Trust worth $4,049,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in STWD. Quantum Portfolio Management LLC grew its stake 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 last quarter. BlackRock Inc. purchased a new position in shares of Starwood Property Trust in the 2nd quarter valued at approximately $589,366,000. Advisors Capital Management LLC acquired a new stake in Starwood Property Trust in the 2nd quarter worth approximately $70,121,000. HighTower Advisors LLC boosted its stake in Starwood Property Trust by 8.8% in the 2nd quarter. HighTower Advisors LLC now owns 3,046,542 shares of the real estate investment trust’s stock worth $49,902,000 after purchasing an additional 246,741 shares in the last quarter. Finally, Bank of New York Mellon Corp purchased a new stake in Starwood Property Trust during the 2nd quarter worth approximately $38,498,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Stock Performance

STWD traded up $0.07 during trading on Thursday, reaching $12.73. 7,971,867 shares of the company’s stock were exchanged, compared to its average volume of 3,824,487. The company has a debt-to-equity ratio of 3.47, a current ratio of 1.46 and a quick ratio of 1.46. Starwood Property Trust, Inc. has a 1 year low of $12.42 and a 1 year high of $19.06. The company’s fifty day simple moving average is $15.44 and its 200-day simple moving average is $16.57. The stock has a market capitalization of $4.71 billion, a P/E ratio of 21.58, a price-to-earnings-growth ratio of 1.70 and a beta of 1.01.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.40 EPS for the quarter, meeting the consensus estimate of $0.40. The business had revenue of $201.42 million for the quarter, compared to the consensus estimate of $521.67 million. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. The business’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.43 EPS. As a group, research analysts predict that Starwood Property Trust, Inc. will post 1.4 earnings per share for the current fiscal year.

Starwood Property Trust Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 15th. Stockholders of record on Wednesday, September 30th will be paid a $0.48 dividend. The ex-dividend date is Wednesday, September 30th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 15.1%. Starwood Property Trust’s dividend payout ratio is presently 325.42%.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on STWD shares. Citigroup reaffirmed a “market outperform” rating on shares of Starwood Property Trust in a report on Thursday, September 24th. Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. Wells Fargo & Company set a $20.00 target price on Starwood Property Trust in a research report on Monday, August 17th. Wall Street Zen lowered Starwood Property Trust from a “hold” rating to a “sell” rating in a research note on Saturday, August 8th. Finally, JPMorgan Chase & Co. reduced their target price on Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating for the company in a research note on Tuesday, August 18th. Five investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $19.20.

Starwood Property Trust Company Profile

Starwood Property Trust, Inc (NYSE: STWD) is a real estate investment trust focused on commercial real estate finance. The company originates, acquires, finances and manages a range of real estate debt investments, including senior and subordinate mortgages, mezzanine loans, and other credit investments secured by commercial properties.

Its business also includes commercial real estate lending and servicing, residential lending, and infrastructure lending. Through these activities, Starwood Property Trust provides financing to property owners, developers and other real estate participants across multiple property types, including office, multifamily, industrial, hospitality and other commercial assets.

Founded in 2009, the company operates primarily in the United States and has also pursued lending and investment opportunities in Europe and other select international markets.