Starwood Property Trust, Inc. (STWD) Shares Bought by Eqis Capital Management Inc.
Eqis Capital Management Inc. increased its stake in Starwood Property Trust, Inc. (NYSE:STWD) by 20.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 12,706 shares of the real estate investment trust’s stock after buying an additional 2,139 shares during the period. Eqis Capital Management Inc.’s holdings in Starwood Property Trust were worth $284,000 as of its most recent filing with the SEC.
Several other hedge funds also recently added to or reduced their stakes in STWD. Clough Capital Partners L P increased its stake in Starwood Property Trust by 107.0% in the first quarter. Clough Capital Partners L P now owns 3,651,545 shares of the real estate investment trust’s stock valued at $81,341,000 after buying an additional 1,887,782 shares during the period. Vanguard Group Inc. increased its stake in Starwood Property Trust by 8.4% in the first quarter. Vanguard Group Inc. now owns 21,023,747 shares of the real estate investment trust’s stock valued at $474,716,000 after buying an additional 1,635,444 shares during the period. American Century Companies Inc. increased its stake in Starwood Property Trust by 5,055.7% in the first quarter. American Century Companies Inc. now owns 1,268,565 shares of the real estate investment trust’s stock valued at $28,644,000 after buying an additional 1,243,960 shares during the period. Massachusetts Financial Services Co. MA increased its stake in Starwood Property Trust by 22.7% in the first quarter. Massachusetts Financial Services Co. MA now owns 4,778,303 shares of the real estate investment trust’s stock valued at $107,894,000 after buying an additional 883,587 shares during the period. Finally, Renaissance Technologies LLC bought a new stake in Starwood Property Trust during the first quarter valued at about $11,294,000. Institutional investors own 74.20% of the company’s stock.
Shares of Starwood Property Trust, Inc. (STWD) traded down 0.05% during mid-day trading on Monday, reaching $21.82. The company had a trading volume of 822,746 shares. Starwood Property Trust, Inc. has a 12 month low of $21.11 and a 12 month high of $23.46. The company has a market capitalization of $5.68 billion, a price-to-earnings ratio of 12.33 and a beta of 0.54. The firm’s 50-day moving average is $22.31 and its 200 day moving average is $22.41.
Starwood Property Trust (NYSE:STWD) last posted its quarterly earnings results on Tuesday, May 9th. The real estate investment trust reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Starwood Property Trust had a return on equity of 11.24% and a net margin of 55.96%. The business had revenue of $198.72 million during the quarter, compared to analysts’ expectations of $229.63 million. During the same quarter last year, the company posted $0.50 earnings per share. Starwood Property Trust’s quarterly revenue was up 1.6% on a year-over-year basis. On average, equities research analysts predict that Starwood Property Trust, Inc. will post $2.09 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, July 14th. Investors of record on Friday, June 30th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 8.80%. The ex-dividend date of this dividend was Wednesday, June 28th. Starwood Property Trust’s payout ratio is currently 107.26%.
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STWD has been the subject of several recent analyst reports. Zacks Investment Research upgraded Starwood Property Trust from a “sell” rating to a “hold” rating in a research note on Tuesday, May 2nd. BidaskClub upgraded Starwood Property Trust from a “hold” rating to a “buy” rating in a research note on Thursday, June 22nd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $24.00.
In related news, Director Camille J. Douglas sold 4,500 shares of Starwood Property Trust stock in a transaction dated Friday, May 12th. The stock was sold at an average price of $21.62, for a total transaction of $97,290.00. Following the completion of the transaction, the director now owns 20,944 shares in the company, valued at $452,809.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.40% of the company’s stock.
Starwood Property Trust Company Profile
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