MidFirst Bank Makes New $828,000 Investment in Starwood Property Trust, Inc. $STWD

MidFirst Bank purchased a new stake in Starwood Property Trust, Inc. (NYSE:STWD) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 46,000 shares of the real estate investment trust’s stock, valued at approximately $828,000.

A number of other institutional investors have also made changes to their positions in the business. AQR Capital Management LLC increased its position in Starwood Property Trust by 70.1% in the 1st quarter. AQR Capital Management LLC now owns 36,396 shares of the real estate investment trust’s stock worth $720,000 after buying an additional 15,001 shares during the period. NewEdge Advisors LLC boosted its position in shares of Starwood Property Trust by 23.9% in the first quarter. NewEdge Advisors LLC now owns 19,606 shares of the real estate investment trust’s stock valued at $388,000 after acquiring an additional 3,784 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in shares of Starwood Property Trust by 99.8% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 7,450 shares of the real estate investment trust’s stock worth $150,000 after acquiring an additional 3,721 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Starwood Property Trust by 42.7% in the second quarter. EverSource Wealth Advisors LLC now owns 5,535 shares of the real estate investment trust’s stock worth $111,000 after acquiring an additional 1,657 shares during the last quarter. Finally, Baird Financial Group Inc. increased its position in Starwood Property Trust by 3.3% during the second quarter. Baird Financial Group Inc. now owns 113,306 shares of the real estate investment trust’s stock worth $2,274,000 after acquiring an additional 3,577 shares during the period. 49.82% of the stock is currently owned by institutional investors.

Insider Transactions at Starwood Property Trust

In related news, Director Jeffrey G. Dishner sold 7,013 shares of the stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $17.13, for a total value of $120,132.69. Following the completion of the transaction, the director owned 168,152 shares of the company’s stock, valued at $2,880,443.76. This represents a 4.00% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 5.80% of the stock is owned by company insiders.

Starwood Property Trust Stock Up 0.0%

Shares of STWD stock opened at $16.70 on Friday. Starwood Property Trust, Inc. has a one year low of $16.61 and a one year high of $21.05. The company has a debt-to-equity ratio of 3.31, a current ratio of 1.57 and a quick ratio of 1.57. The stock has a fifty day moving average price of $17.47 and a 200 day moving average price of $17.84. The stock has a market cap of $6.19 billion, a P/E ratio of 17.40, a price-to-earnings-growth ratio of 2.38 and a beta of 0.98.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Friday, May 8th. The real estate investment trust reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.42 by ($0.03). Starwood Property Trust had a net margin of 18.11% and a return on equity of 7.91%. The business had revenue of $205.55 million during the quarter, compared to the consensus estimate of $496.25 million. During the same period last year, the firm earned $0.45 EPS. The company’s quarterly revenue was up 22.5% compared to the same quarter last year. Analysts predict that Starwood Property Trust, Inc. will post 1.55 earnings per share for the current year.

Starwood Property Trust declared that its Board of Directors has initiated a share buyback program on Thursday, February 26th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the real estate investment trust to purchase up to 6.1% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

Starwood Property Trust Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 15th. Investors of record on Tuesday, June 30th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Tuesday, June 30th. This represents a $1.92 dividend on an annualized basis and a yield of 11.5%. Starwood Property Trust’s payout ratio is presently 200.00%.

Wall Street Analysts Forecast Growth

STWD has been the subject of several research analyst reports. Weiss Ratings cut shares of Starwood Property Trust from a “hold (c)” rating to a “hold (c-)” rating in a research note on Monday, May 11th. UBS Group initiated coverage on shares of Starwood Property Trust in a research report on Tuesday, June 2nd. They issued a “buy” rating and a $20.00 price target on the stock. Bank of America restated a “neutral” rating and set a $19.00 price objective on shares of Starwood Property Trust in a report on Friday, March 6th. JPMorgan Chase & Co. reduced their target price on shares of Starwood Property Trust from $20.00 to $19.00 and set an “overweight” rating for the company in a research note on Thursday, April 16th. Finally, Zacks Research downgraded Starwood Property Trust from a “hold” rating to a “strong sell” rating in a research report on Wednesday, May 27th. Four investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Starwood Property Trust presently has an average rating of “Hold” and an average price target of $19.70.

Starwood Property Trust Company Profile

Starwood Property Trust (NYSE: STWD) is a publicly traded real estate investment trust that specializes in originating, acquiring and managing commercial mortgage loans and other real estate-related investments. The company’s portfolio spans a variety of asset classes, including senior mortgages, mezzanine debt, preferred equity and direct equity investments in commercial properties. By focusing on both debt and equity capital solutions, Starwood Property Trust seeks to generate attractive risk-adjusted returns for its shareholders through a combination of current income and capital appreciation.

Operating primarily in the United States, Starwood Property Trust deploys capital across a broad range of property types, such as multifamily residential, office, retail, hotel and industrial.