Chevy Chase Trust Holdings Inc. increased its stake in Starwood Property Trust Inc. (NYSE:STWD) by 2.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 281,229 shares of the company’s stock after buying an additional 7,232 shares during the period. Chevy Chase Trust Holdings Inc. owned about 0.12% of Starwood Property Trust worth $6,334,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Checchi Capital Advisers LLC increased its stake in Starwood Property Trust by 1.2% in the second quarter. Checchi Capital Advisers LLC now owns 5,092 shares of the company’s stock valued at $106,000 after buying an additional 61 shares during the period. Acrospire Investment Management LLC increased its stake in Starwood Property Trust by 22.4% in the second quarter. Acrospire Investment Management LLC now owns 6,000 shares of the company’s stock valued at $124,000 after buying an additional 1,100 shares during the period. Feltz Wealth PLAN Inc. acquired a new stake in Starwood Property Trust during the second quarter valued at approximately $146,000. TLP Group LLC acquired a new stake in Starwood Property Trust during the second quarter valued at approximately $146,000. Finally, Northwestern Mutual Wealth Management Co. acquired a new stake in Starwood Property Trust during the second quarter valued at approximately $191,000. 71.79% of the stock is currently owned by institutional investors.

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

Starwood Property Trust Inc. (NYSE:STWD) traded down 1.10% during trading on Wednesday, reaching $22.43. 1,908,021 shares of the company’s stock were exchanged. Starwood Property Trust Inc. has a 52 week low of $16.69 and a 52 week high of $23.46. The firm has a market capitalization of $5.35 billion, a price-to-earnings ratio of 16.00 and a beta of 0.66. The stock has a 50-day moving average price of $21.95 and a 200 day moving average price of $21.67.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.62 by $0.03. Starwood Property Trust had a return on equity of 11.76% and a net margin of 40.71%. The company had revenue of $204.71 million for the quarter, compared to analyst estimates of $50.75 million. During the same period in the previous year, the business posted $0.56 EPS. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Equities research analysts forecast that Starwood Property Trust Inc. will post $1.73 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, January 13th. Stockholders of record on Friday, December 30th will be issued a $0.48 dividend. The ex-dividend date is Wednesday, December 28th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 8.47%. Starwood Property Trust’s payout ratio is 135.21%.

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Several analysts have recently commented on the stock. Keefe, Bruyette & Woods upped their price objective on shares of Starwood Property Trust from $23.00 to $24.00 and gave the company an “outperform” rating in a report on Friday, August 5th. Deutsche Bank AG set a $24.00 price target on shares of Starwood Property Trust and gave the stock a “buy” rating in a report on Friday, August 5th. JMP Securities increased their price target on shares of Starwood Property Trust from $23.00 to $24.00 and gave the stock a “market outperform” rating in a report on Monday, August 8th. Citigroup Inc. increased their price target on shares of Starwood Property Trust from $20.00 to $24.00 and gave the stock a “buy” rating in a report on Wednesday, August 10th. Finally, Credit Suisse Group AG increased their price target on shares of Starwood Property Trust from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, September 26th. Two investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $24.06.

About Starwood Property Trust

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