American International Group Inc. purchased a new stake in shares of Starwood Property Trust (NYSE:STWD) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 5,334 shares of the real estate investment trust’s stock, valued at approximately $114,000.
A number of other institutional investors also recently modified their holdings of the business. Fuller & Thaler Asset Management Inc. boosted its holdings in shares of Starwood Property Trust by 1.3% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 2,210,616 shares of the real estate investment trust’s stock valued at $48,015,000 after acquiring an additional 28,685 shares during the last quarter. Boston Partners boosted its holdings in Starwood Property Trust by 69.9% during the fourth quarter. Boston Partners now owns 2,139,400 shares of the real estate investment trust’s stock worth $45,676,000 after buying an additional 880,031 shares in the last quarter. Dana Investment Advisors Inc. raised its position in Starwood Property Trust by 2.6% during the third quarter. Dana Investment Advisors Inc. now owns 1,285,462 shares of the real estate investment trust’s stock worth $27,920,000 after acquiring an additional 32,089 shares during the period. Schwab Charles Investment Management Inc. raised its position in Starwood Property Trust by 8.3% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 1,098,663 shares of the real estate investment trust’s stock worth $23,457,000 after acquiring an additional 83,981 shares during the period. Finally, American Century Companies Inc. raised its position in Starwood Property Trust by 7.4% during the fourth quarter. American Century Companies Inc. now owns 936,479 shares of the real estate investment trust’s stock worth $19,994,000 after acquiring an additional 64,825 shares during the period. Institutional investors and hedge funds own 70.56% of the company’s stock.
Shares of NYSE STWD traded up $0.02 during midday trading on Friday, hitting $20.97. The company’s stock had a trading volume of 1,659,819 shares, compared to its average volume of 1,854,638. The company has a debt-to-equity ratio of 1.74, a quick ratio of 2.52 and a current ratio of 2.52. Starwood Property Trust has a 1 year low of $19.47 and a 1 year high of $23.01. The firm has a market cap of $5,475.96, a price-to-earnings ratio of 9.71, a PEG ratio of 2.04 and a beta of 0.31.
Starwood Property Trust (NYSE:STWD) last issued its quarterly earnings results on Wednesday, February 28th. The real estate investment trust reported $0.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.53 by $0.02. Starwood Property Trust had a net margin of 45.55% and a return on equity of 12.57%. The company had revenue of $242.80 million during the quarter, compared to the consensus estimate of $236.60 million. During the same quarter in the previous year, the firm earned $0.53 earnings per share. The firm’s quarterly revenue was up 31.6% on a year-over-year basis. equities analysts predict that Starwood Property Trust will post 2.05 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, April 13th. Investors of record on Friday, March 30th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, March 28th. This represents a $1.92 dividend on an annualized basis and a yield of 9.16%. Starwood Property Trust’s dividend payout ratio is currently 88.89%.
A number of equities analysts have weighed in on STWD shares. Zacks Investment Research upgraded shares of Starwood Property Trust from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research report on Thursday. B. Riley reiterated a “buy” rating and issued a $24.00 target price on shares of Starwood Property Trust in a research report on Thursday, January 25th. Raymond James Financial began coverage on shares of Starwood Property Trust in a research report on Tuesday, March 27th. They issued an “outperform” rating and a $24.00 target price for the company. Finally, Wood & Company began coverage on shares of Starwood Property Trust in a research report on Tuesday, March 27th. They set an “outperform” rating for the company. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $23.67.
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Starwood Property Trust Profile
Starwood Property Trust, Inc operates as a real estate investment trust (REIT) in the United States and Europe. It operates through three segments: Real Estate Lending, Real Estate Property, and Real Estate Investing and Servicing. The Real Estate Lending segment originates, acquires, finances, and manages commercial first mortgages, subordinated mortgages, mezzanine loans, preferred equity, commercial mortgage-backed securities (CMBS), residential mortgage-backed securities, residential mortgage loans, and other real estate and real estate-related debt investments.
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