Public Employees Retirement System of Ohio Invests $1.77 Million in Starwood Property Trust, Inc. $STWD

Public Employees Retirement System of Ohio bought a new position in Starwood Property Trust, Inc. (NYSE:STWD) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor bought 108,282 shares of the real estate investment trust’s stock, valued at approximately $1,774,000.

Several other hedge funds have also modified their holdings of the stock. Peak Financial Advisors LLC lifted its position in Starwood Property Trust by 2.2% during the 1st quarter. Peak Financial Advisors LLC now owns 25,664 shares of the real estate investment trust’s stock worth $442,000 after acquiring an additional 559 shares in the last quarter. Brown Advisory Inc. boosted its holdings in Starwood Property Trust by 1.3% in the 4th quarter. Brown Advisory Inc. now owns 47,432 shares of the real estate investment trust’s stock worth $854,000 after acquiring an additional 600 shares during the period. CIBC Private Wealth Group LLC grew its position in Starwood Property Trust by 11.5% in the third quarter. CIBC Private Wealth Group LLC now owns 5,943 shares of the real estate investment trust’s stock valued at $115,000 after acquiring an additional 613 shares in the last quarter. Quadrant Capital Group LLC grew its position in Starwood Property Trust by 2.3% in the third quarter. Quadrant Capital Group LLC now owns 27,220 shares of the real estate investment trust’s stock valued at $527,000 after acquiring an additional 621 shares in the last quarter. Finally, NewEdge Wealth LLC raised its stake in shares of Starwood Property Trust by 1.6% during the first quarter. NewEdge Wealth LLC now owns 46,769 shares of the real estate investment trust’s stock valued at $805,000 after purchasing an additional 732 shares during the period. 49.82% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on STWD. Weiss Ratings reissued a “hold (c-)” rating on shares of Starwood Property Trust in a research report on Friday, August 7th. Zacks Research raised shares of Starwood Property Trust from a “strong sell” rating to a “hold” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. dropped their price target on shares of Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating on the stock in a research note on Tuesday, August 18th. UBS Group started coverage on shares of Starwood Property Trust in a report on Tuesday, June 2nd. They issued a “buy” rating and a $20.00 price objective on the stock. Finally, Wall Street Zen cut shares of Starwood Property Trust from a “hold” rating to a “sell” rating in a research report on Saturday, August 8th. Four investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $19.20.

Starwood Property Trust Stock Up 0.2%

Shares of NYSE:STWD opened at $16.12 on Monday. The company has a current ratio of 1.46, a quick ratio of 1.46 and a debt-to-equity ratio of 3.47. The company has a fifty day simple moving average of $16.37 and a 200 day simple moving average of $17.10. The firm has a market cap of $5.97 billion, a PE ratio of 27.32, a price-to-earnings-growth ratio of 2.12 and a beta of 0.98. Starwood Property Trust, Inc. has a 12-month low of $15.48 and a 12-month high of $20.84.

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

Starwood Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Stockholders of record on Tuesday, June 30th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 11.9%. The ex-dividend date was Tuesday, June 30th. Starwood Property Trust’s dividend payout ratio 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.