Parametric Portfolio Associates LLC Increases Stake in Starwood Property Trust, Inc. (STWD)

Parametric Portfolio Associates LLC raised its position in Starwood Property Trust, Inc. (NYSE:STWD) by 6.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 687,519 shares of the real estate investment trust’s stock after buying an additional 42,076 shares during the period. Parametric Portfolio Associates LLC owned about 0.26% of Starwood Property Trust worth $14,933,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the stock. Schwab Charles Investment Management Inc. raised its position in shares of Starwood Property Trust by 11.4% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 938,878 shares of the real estate investment trust’s stock valued at $21,022,000 after buying an additional 95,851 shares during the period. State of Wisconsin Investment Board raised its position in shares of Starwood Property Trust by 1.9% during the 2nd quarter. State of Wisconsin Investment Board now owns 50,825 shares of the real estate investment trust’s stock valued at $1,138,000 after buying an additional 930 shares during the period. Legal & General Group Plc raised its position in shares of Starwood Property Trust by 3.3% during the 2nd quarter. Legal & General Group Plc now owns 198,815 shares of the real estate investment trust’s stock valued at $4,452,000 after buying an additional 6,269 shares during the period. State Board of Administration of Florida Retirement System raised its position in shares of Starwood Property Trust by 1.8% during the 2nd quarter. State Board of Administration of Florida Retirement System now owns 269,236 shares of the real estate investment trust’s stock valued at $6,028,000 after buying an additional 4,850 shares during the period. Finally, Utah Retirement Systems raised its position in Starwood Property Trust by 2.3% in the second quarter. Utah Retirement Systems now owns 46,639 shares of the real estate investment trust’s stock valued at $1,044,000 after purchasing an additional 1,039 shares during the period. Institutional investors own 67.41% of the company’s stock.

Starwood Property Trust, Inc. (STWD) opened at $20.94 on Monday. The company has a debt-to-equity ratio of 1.68, a quick ratio of 2.47 and a current ratio of 2.47. The company has a market cap of $5,470.00, a price-to-earnings ratio of 12.61, a P/E/G ratio of 2.02 and a beta of 0.37. Starwood Property Trust, Inc. has a 12 month low of $20.78 and a 12 month high of $23.01.

Starwood Property Trust (NYSE:STWD) last issued its earnings results on Wednesday, November 8th. The real estate investment trust reported $0.65 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.11. Starwood Property Trust had a net margin of 52.28% and a return on equity of 11.88%. The firm had revenue of $226.77 million during the quarter, compared to the consensus estimate of $236.76 million. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s revenue was up 10.8% compared to the same quarter last year. analysts expect that Starwood Property Trust, Inc. will post 2.12 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 15th. Shareholders of record on Friday, December 29th will be paid a $0.48 dividend. The ex-dividend date is Thursday, December 28th. This represents a $1.92 annualized dividend and a yield of 9.17%. Starwood Property Trust’s dividend payout ratio is presently 115.66%.

A number of analysts have issued reports on the company. Zacks Investment Research raised Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Thursday, September 28th. BidaskClub raised Starwood Property Trust from a “sell” rating to a “hold” rating in a research report on Wednesday, September 27th. ValuEngine raised Starwood Property Trust from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, B. Riley reaffirmed a “buy” rating and set a $24.00 price objective on shares of Starwood Property Trust in a research report on Monday, November 27th. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $24.00.

COPYRIGHT VIOLATION WARNING: This story was published by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are accessing this story on another domain, it was illegally stolen and reposted in violation of United States & international trademark & copyright law. The correct version of this story can be viewed at https://www.dispatchtribunal.com/2018/01/15/parametric-portfolio-associates-llc-increases-stake-in-starwood-property-trust-inc-stwd.html.

Starwood Property Trust Company Profile

Institutional Ownership by Quarter for Starwood Property Trust (NYSE:STWD)

Receive News & Ratings for Starwood Property Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Starwood Property Trust and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply