Kingsview Wealth Management LLC Acquires Shares of 47,381 Starwood Property Trust, Inc. $STWD

Kingsview Wealth Management LLC bought a new position in shares of Starwood Property Trust, Inc. (NYSE:STWD) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 47,381 shares of the real estate investment trust’s stock, valued at approximately $776,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. AQR Capital Management LLC raised its holdings in shares of Starwood Property Trust by 70.1% in the first quarter. AQR Capital Management LLC now owns 36,396 shares of the real estate investment trust’s stock valued at $720,000 after buying an additional 15,001 shares during the last quarter. NewEdge Advisors LLC lifted its position in Starwood Property Trust by 23.9% during the 1st quarter. NewEdge Advisors LLC now owns 19,606 shares of the real estate investment trust’s stock worth $388,000 after buying an additional 3,784 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its holdings in Starwood Property Trust by 99.8% during the 2nd 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 holdings in Starwood Property Trust by 42.7% during the 2nd 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% in the 2nd quarter. Baird Financial Group Inc. now owns 113,306 shares of the real estate investment trust’s stock valued at $2,274,000 after acquiring an additional 3,577 shares in the last quarter. 49.82% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

STWD has been the topic of a number of research reports. Wall Street Zen lowered shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. JPMorgan Chase & Co. lowered their price target on shares of Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating for the company in a report on Tuesday, August 18th. Weiss Ratings restated a “hold (c-)” rating on shares of Starwood Property Trust in a research report on Friday, August 7th. Keefe, Bruyette & Woods reduced their price objective on Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating on the stock in a report on Friday, August 7th. Finally, Wells Fargo & Company set a $20.00 price objective on Starwood Property Trust in a research report on Monday, August 17th. Four investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.20.

Starwood Property Trust Price Performance

Shares of STWD opened at $15.81 on Monday. The stock has a market cap of $5.85 billion, a P/E ratio of 26.80, a price-to-earnings-growth ratio of 2.08 and a beta of 0.98. Starwood Property Trust, Inc. has a 1 year low of $15.51 and a 1 year high of $20.84. The stock’s 50-day moving average price is $16.45 and its two-hundred day moving average price is $17.18. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 3.47.

Starwood Property Trust (NYSE:STWD) last announced its quarterly earnings results on Thursday, August 6th. The real estate investment trust reported $0.40 EPS for the quarter, meeting analysts’ consensus estimates of $0.40. The company had revenue of $201.42 million during the quarter, compared to analysts’ expectations of $521.67 million. Starwood Property Trust had a return on equity of 7.85% and a net margin of 11.35%.Starwood Property Trust’s revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.43 EPS. On average, equities analysts predict that Starwood Property Trust, Inc. will post 1.4 earnings per share for the current year.

Starwood Property Trust Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.48 dividend. The ex-dividend date was Tuesday, June 30th. This represents a $1.92 annualized dividend and a yield of 12.1%. Starwood Property Trust’s dividend payout ratio (DPR) is 325.42%.

Starwood Property Trust 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.