Starwood Property Trust, Inc. (NYSE:STWD) Position Boosted by Advisory Services Network LLC

Advisory Services Network LLC lifted its stake in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 9.8% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 9,331 shares of the real estate investment trust’s stock after purchasing an additional 834 shares during the period. Advisory Services Network LLC’s holdings in Starwood Property Trust were worth $228,000 as of its most recent filing with the SEC.

Several other hedge funds also recently modified their holdings of STWD. Moors & Cabot Inc. acquired a new stake in Starwood Property Trust during the third quarter worth about $39,000. Truist Financial Corp raised its stake in Starwood Property Trust by 1.5% during the third quarter. Truist Financial Corp now owns 106,771 shares of the real estate investment trust’s stock worth $2,606,000 after acquiring an additional 1,623 shares during the period. PNC Financial Services Group Inc. raised its stake in Starwood Property Trust by 3.3% during the third quarter. PNC Financial Services Group Inc. now owns 29,561 shares of the real estate investment trust’s stock worth $722,000 after acquiring an additional 940 shares during the period. Adell Harriman & Carpenter Inc. increased its stake in shares of Starwood Property Trust by 49.1% in the third quarter. Adell Harriman & Carpenter Inc. now owns 217,880 shares of the real estate investment trust’s stock valued at $5,318,000 after purchasing an additional 71,710 shares during the period. Finally, Kennicott Capital Management LLC acquired a new stake in shares of Starwood Property Trust in the third quarter valued at approximately $664,000. 44.58% of the stock is currently owned by institutional investors and hedge funds.

In other news, President Jeffrey F. Dimodica acquired 6,500 shares of the firm’s stock in a transaction that occurred on Monday, December 20th. The stock was purchased at an average price of $22.86 per share, with a total value of $148,590.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Barry S. Sternlicht acquired 217,500 shares of the firm’s stock in a transaction that occurred on Monday, December 20th. The stock was purchased at an average cost of $22.66 per share, with a total value of $4,928,550.00. The disclosure for this purchase can be found here. Company insiders own 4.70% of the company’s stock.

Starwood Property Trust stock opened at $25.36 on Friday. The firm has a 50 day simple moving average of $25.10 and a 200-day simple moving average of $25.40. The company has a debt-to-equity ratio of 3.27, a current ratio of 2.34 and a quick ratio of 2.34. The stock has a market capitalization of $7.32 billion, a PE ratio of 15.95 and a beta of 1.60. Starwood Property Trust, Inc. has a 12-month low of $18.57 and a 12-month high of $27.00.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Tuesday, November 9th. The real estate investment trust reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. The firm had revenue of $302.29 million during the quarter, compared to analysts’ expectations of $307.76 million. Starwood Property Trust had a net margin of 39.56% and a return on equity of 11.63%. The firm’s revenue for the quarter was up 13.0% compared to the same quarter last year. During the same period last year, the firm posted $0.48 earnings per share. On average, analysts forecast that Starwood Property Trust, Inc. will post 1.92 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, January 14th. Investors of record on Friday, December 31st were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 7.57%. The ex-dividend date was Thursday, December 30th. Starwood Property Trust’s payout ratio is 120.75%.

Several brokerages have commented on STWD. Raymond James raised their price target on shares of Starwood Property Trust from $30.00 to $32.00 and gave the company an “outperform” rating in a research note on Thursday, November 11th. Zacks Investment Research upgraded shares of Starwood Property Trust from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research note on Friday, January 7th. Six investment analysts have rated the stock with a buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $28.17.

About Starwood Property Trust

Starwood Property Trust, Inc engages in originating, acquiring, financing and managing commercial mortgage loans and other commercial real estate debt and equity investments. It operates through the following segments: Real Estate Commercial and Residential Lending, Real Estate Property, Infrastructure Lending and Real Estate Investing and Servicing.

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Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

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