93,741 Shares in Starwood Property Trust, Inc. $STWD Purchased by NewEdge Wealth LLC

NewEdge Wealth LLC purchased a new stake in Starwood Property Trust, Inc. (NYSE:STWD) in the second quarter, Holdings Channel.com reports. The firm purchased 93,741 shares of the real estate investment trust’s stock, valued at approximately $1,535,000.

A number of other hedge funds have also recently bought and sold shares of the business. Kestra Advisory Services LLC boosted its stake in shares of Starwood Property Trust by 63.3% during the 1st quarter. Kestra Advisory Services LLC now owns 331,004 shares of the real estate investment trust’s stock valued at $5,700,000 after buying an additional 128,300 shares during the last quarter. Cetera Investment Advisers increased its stake in shares of 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 buying an additional 161,049 shares during the last quarter. Geode Capital Management LLC increased its stake in shares of 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 worth $115,453,000 after buying an additional 148,740 shares during the last quarter. Norges Bank acquired a new stake in Starwood Property Trust in the fourth quarter valued at $75,177,000. Finally, Texas Capital Bank Wealth Management Services Inc bought a new position in Starwood Property Trust during the 2nd quarter valued at $3,174,000. Institutional investors and hedge funds own 49.82% of the company’s stock.

Starwood Property Trust Stock Down 0.1%

Shares of NYSE:STWD opened at $16.39 on Friday. The company’s fifty day moving average is $16.53 and its two-hundred day moving average is $17.26. 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, Inc. has a 1-year low of $15.51 and a 1-year high of $20.84. The stock has a market capitalization of $6.07 billion, a price-to-earnings ratio of 27.78, a price-to-earnings-growth ratio of 2.16 and a beta of 0.98.

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

Starwood Property Trust Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 15th. Shareholders of record on Tuesday, June 30th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 11.7%. The ex-dividend date was Tuesday, June 30th. Starwood Property Trust’s payout ratio is presently 325.42%.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on STWD. Wells Fargo & Company set a $20.00 price objective on shares of Starwood Property Trust in a report on Monday. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Starwood Property Trust in a research report on Friday, August 7th. Keefe, Bruyette & Woods decreased their price target on Starwood Property Trust from $19.00 to $18.50 and set an “outperform” rating for the company in a research note on Friday, August 7th. JPMorgan Chase & Co. lowered their price objective on Starwood Property Trust from $19.00 to $18.50 and set an “overweight” rating for the company in a report on Tuesday. Finally, Zacks Research upgraded Starwood Property Trust from a “strong sell” rating to a “hold” rating in a research report on Thursday, June 25th. Four analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price 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.