The Manufacturers Life Insurance Company Acquires New Position in Starwood Property Trust, Inc. $STWD

The Manufacturers Life Insurance Company acquired a new stake in Starwood Property Trust, Inc. (NYSE:STWD) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 274,002 shares of the real estate investment trust’s stock, valued at approximately $4,488,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. purchased a new stake in shares of Starwood Property Trust in the second quarter valued at approximately $589,366,000. Blue Owl Capital Holdings LP purchased a new position in Starwood Property Trust in the second quarter worth $3,216,000. Cetera Investment Advisers raised its position in Starwood Property Trust by 26.7% in the first quarter. Cetera Investment Advisers now owns 764,957 shares of the real estate investment trust’s stock worth $13,173,000 after acquiring an additional 161,049 shares in the last quarter. Kestra Advisory Services LLC lifted its holdings in Starwood Property Trust by 63.3% in the first quarter. Kestra Advisory Services LLC now owns 331,004 shares of the real estate investment trust’s stock valued at $5,700,000 after acquiring an additional 128,300 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Starwood Property Trust by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 6,406,419 shares of the real estate investment trust’s stock valued at $115,453,000 after acquiring an additional 148,740 shares during the period. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Stock Down 0.6%

Starwood Property Trust stock opened at $15.71 on Tuesday. Starwood Property Trust, Inc. has a fifty-two week low of $15.51 and a fifty-two week high of $20.84. The firm has a market capitalization of $5.82 billion, a price-to-earnings ratio of 26.63, a price-to-earnings-growth ratio of 2.08 and a beta of 0.98. The stock’s fifty day moving average is $16.44 and its two-hundred day moving average is $17.17. The company has a debt-to-equity ratio of 3.47, a quick ratio of 1.46 and a current ratio of 1.46.

Starwood Property Trust (NYSE:STWD) last released its quarterly earnings data on Thursday, August 6th. The real estate investment trust reported $0.40 EPS for the quarter, hitting the consensus estimate of $0.40. The business had revenue of $201.42 million for the quarter, compared to analyst estimates of $521.67 million. Starwood Property Trust had a net margin of 11.35% and a return on equity of 7.85%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.43 EPS. Analysts predict that Starwood Property Trust, Inc. will post 1.4 EPS for the current fiscal year.

Starwood Property Trust Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 12.2%. The ex-dividend date of this dividend was Tuesday, June 30th. Starwood Property Trust’s dividend payout ratio is 325.42%.

Analyst Ratings Changes

STWD has been the topic of a number of recent analyst reports. UBS Group assumed coverage on shares of Starwood Property Trust in a research note on Tuesday, June 2nd. They set a “buy” rating and a $20.00 price target on the stock. Wells Fargo & Company set a $20.00 price objective on shares of Starwood Property Trust in a research note on Monday, August 17th. Wall Street Zen downgraded shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a report on Saturday, August 8th. Zacks Research upgraded shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Starwood Property Trust in a report on Friday, August 7th. Four equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $19.20.

About Starwood Property Trust

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.