Starwood Property Trust, Inc. (STWD) Position Lifted by Boston Partners
Boston Partners increased its holdings in shares of Starwood Property Trust, Inc. (NYSE:STWD) by 3.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,118,155 shares of the real estate investment trust’s stock after acquiring an additional 68,679 shares during the period. Boston Partners owned approximately 0.81% of Starwood Property Trust worth $45,985,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in the stock. Sei Investments Co. grew its holdings in Starwood Property Trust by 4.7% during the second quarter. Sei Investments Co. now owns 167,442 shares of the real estate investment trust’s stock worth $3,636,000 after acquiring an additional 7,475 shares during the period. Global Financial Private Capital LLC boosted its position in Starwood Property Trust by 8.4% during the second quarter. Global Financial Private Capital LLC now owns 157,001 shares of the real estate investment trust’s stock worth $3,421,000 after purchasing an additional 12,114 shares in the last quarter. Virginia Retirement Systems ET AL purchased a new stake in Starwood Property Trust during the second quarter worth $680,000. Wasatch Advisors Inc. boosted its position in Starwood Property Trust by 26.5% during the second quarter. Wasatch Advisors Inc. now owns 71,700 shares of the real estate investment trust’s stock worth $1,557,000 after purchasing an additional 15,000 shares in the last quarter. Finally, Hallmark Capital Management Inc. boosted its position in Starwood Property Trust by 1.1% during the second quarter. Hallmark Capital Management Inc. now owns 692,999 shares of the real estate investment trust’s stock worth $15,045,000 after purchasing an additional 7,702 shares in the last quarter. 68.26% of the stock is currently owned by hedge funds and other institutional investors.
STWD opened at $21.62 on Tuesday. The company has a current ratio of 2.00, a quick ratio of 2.67 and a debt-to-equity ratio of 1.82. The firm has a market cap of $5.78 billion, a price-to-earnings ratio of 10.03, a PEG ratio of 2.05 and a beta of 0.35. Starwood Property Trust, Inc. has a one year low of $19.47 and a one year high of $23.04.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Friday, September 28th will be given a dividend of $0.48 per share. The ex-dividend date is Thursday, September 27th. This represents a $1.92 dividend on an annualized basis and a yield of 8.88%. Starwood Property Trust’s payout ratio is 88.89%.
A number of analysts have commented on STWD shares. ValuEngine downgraded Starwood Property Trust from a “buy” rating to a “hold” rating in a research report on Wednesday, May 2nd. Zacks Investment Research upgraded Starwood Property Trust from a “hold” rating to a “buy” rating and set a $24.00 target price on the stock in a research report on Saturday, May 12th. Two research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $24.00.
About Starwood Property Trust
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
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